Howells, Nebraska Property Taxes
The median property tax rate in Howells, Nebraska is 0.94%, which is lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $384,575 in Howells, the typical annual property tax bill amounts to $3,626, surpassing the national median of $2,690. Property taxes in Howells are based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Howells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Howells or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Howells, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$3,615
-$37,885
Ownwell’s Howells Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Howells with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Howells to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in observing trends at a neighborhood level, more localized information is available further down. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Howells, Nebraska
Property taxes in Howells, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howells is 0.94%, which is below the U.S. national median of 0.99%. Local government entities within Howells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howells 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 Howells' effective property tax rate to other areas within Stanton County and the national median. For comparison, the zip code 68641 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Howells 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 Howells Tax Rate
0.94%
Average Stanton County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howells, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68641 | 0.92% | 0.93% | 0.94% | 0.94% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Howells, Nebraska
In Howells, 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 Appraisal District 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 Howells, 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. 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 Howells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3626, found in zip code 68641.
Average Howells Assessed Value
$384,575
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 Howells, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68641 | $107,884 | $201,575 | $384,575 | $590,298 | $767,094 |
Source: Ownwell
Property Tax Bills Across Howells, Nebraska
In Howells, Stanton County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions or deductions play a significant role in this calculation. For instance, the median home price in Howells is $384,575, and property tax bills can vary widely. Homeowners in the 25th percentile can expect to pay around $1,975, while those in the 75th percentile might see bills as high as $5,754. At the 90th percentile, tax bills can reach up to $7,088. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how these local variations can impact their finances. The highest and lowest median tax bills in Stanton County both stand at $3,626, indicating a relatively consistent tax environment within the area.
Average Howells Tax Bill
$3,626
Average Stanton County Tax Bill
$2,426
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Howells, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68641 | $1,110 | $1,975 | $3,626 | $5,754 | $7,088 |
Source: Ownwell