Harrison, Nebraska Property Taxes
The median property tax rate in Harrison, NE is 0.99%, aligning with the national median but lower than the Nebraska state median of 1.75%. With a median home value of $65,326 in Harrison, the typical annual property tax bill reaches $878, which is significantly below the national median of $2,690. Property taxes in Harrison are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Harrison's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Harrison or another part of the city, having a clear grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrison, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$647
$600
Ownwell’s Harrison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrison to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Harrison, Nebraska
Property taxes in Harrison, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrison is 1.32%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Harrison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrison estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Harrison's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69346 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Harrison provides valuable insights into the varying tax landscape across Sioux County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrison Tax Rate
0.99%
Average Sioux County Tax Rate
1.02%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69346 | 0.95% | 0.96% | 0.99% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Harrison, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harrison, Nebraska. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Sioux County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. In Harrison, the median home price is $65,326. The tax bill for the 25th percentile is $484, while the 75th percentile tax bill is $1,940. The highest and lowest median tax bills are both $878, found in the 69346 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Harrison Assessed Value
$65,326
Average Sioux County Assessed Value
$127,559
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrison, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69346 | $9,810 | $32,764 | $65,326 | $193,599 | $311,783 |
Source: Ownwell
Property Tax Bills Across Harrison, Nebraska
Property tax bills in Harrison, located in Sioux County, NE, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. In Harrison, the median home price is $65,326, which significantly impacts the tax bill. Homeowners in Harrison can expect their property tax bill to vary widely. For instance, the 25th percentile tax bill is $484, while the 75th percentile tax bill reaches $1,940. At the 90th percentile, property taxes can go up to $3,047. This variation is influenced by factors such as property size, location, and any applicable exemptions. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Harrison's tax rates can either be a burden or a relief, depending on individual circumstances. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Harrison Tax Bill
$878
Average Sioux County Tax Bill
$1,454
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69346 | $188 | $484 | $878 | $1,940 | $3,047 |
Source: Ownwell