Hoskins, Nebraska Property Taxes
The median property tax rate in Hoskins, NE is 1.41%, which is notably higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $289,120 in Hoskins, the typical annual property tax bill amounts to $3,936, significantly surpassing the national median of $2,690. Property taxes in Hoskins are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of Hoskins' property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're residing in the core of Hoskins or its surrounding areas, familiarizing yourself with the local property tax structure will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Hoskins, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$4,077
-$42,723
Ownwell’s Hoskins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoskins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoskins 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 Hoskins, Nebraska
Property taxes in Hoskins, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoskins is 1.41%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Hoskins set these rates annually, and they can vary notably across different neighborhoods. Each year, Hoskins 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 Hoskins' effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68740 zip code has the highest median property tax rate of 1.41%, while the 68740 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Hoskins provides valuable insights into the varying tax landscape across Stanton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hoskins Tax Rate
1.41%
Average Stanton County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoskins, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68740 | 1.31% | 1.32% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Hoskins, Nebraska
In Hoskins, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Stanton 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. In Hoskins, 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. For instance, the highest median tax bill in the area is $3,936 in the 68740 zip code, while the lowest median tax bill is also $3,936 in the same zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hoskins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hoskins Assessed Value
$289,120
Average Stanton County Assessed Value
$152,422
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hoskins, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68740 | $123,358 | $204,759 | $289,120 | $393,405 | $445,610 |
Source: Ownwell
Property Tax Bills Across Hoskins, Nebraska
In Hoskins, property tax bills are calculated based on the assessed value of a property, which is determined by the Stanton County assessor's office. The assessed value is often a percentage of the property's market value. Several factors contribute to this valuation, including the property's location, size, and any improvements made. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Hoskins, the median home price is $289,120. Property tax bills can vary significantly, with the 25th percentile at $2,794 and the 75th percentile reaching $5,522. The 90th percentile tax bill can go up to $5,866. These figures indicate that while some homeowners may pay close to the national median property tax rate of 0.99%, others might face higher tax obligations. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses and overall affordability of homeownership in Hoskins.
Average Hoskins Tax Bill
$3,936
Average Stanton County Tax Bill
$2,426
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoskins, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68740 | $1,735 | $2,794 | $3,936 | $5,522 | $5,866 |
Source: Ownwell