Leigh, Nebraska Property Taxes
The median property tax rate in Leigh, NE is 1.32%, which is considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Leigh at $298,365, the typical annual property tax bill reaches $3,837, exceeding the national median of $2,690. Property taxes in Leigh are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Leigh's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Leigh or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leigh, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,938
-$41,275
Ownwell’s Leigh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leigh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leigh 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 Leigh, Nebraska
Property taxes in Leigh, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leigh is 1.32%, significantly higher than the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Leigh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leigh 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 Leigh's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68643 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 Leigh 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 Leigh Tax Rate
1.32%
Average Stanton County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | 1.12% | 1.30% | 1.32% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Leigh, Nebraska
In Leigh, 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 Leigh, 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 Leigh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Leigh is $298,365, with the highest median tax bill being $3,837 in zip code 68643.
Average Leigh Assessed Value
$298,365
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 Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | $159,949 | $210,902 | $298,365 | $585,445 | $743,148 |
Source: Ownwell
Property Tax Bills Across Leigh, Nebraska
In Leigh, Stanton County, NE, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Leigh is $298,365. Homeowners at the 25th percentile can expect a tax bill around $2,575, while those at the 75th percentile might see bills as high as $7,774. The 90th percentile tax bill reaches approximately $9,697. These figures illustrate the range of property tax burdens within the area, significantly affecting homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Leigh's property tax rates can vary widely, influencing the financial decisions of residents and potential homebuyers. Understanding these factors helps homeowners anticipate their property tax obligations accurately.
Average Leigh Tax Bill
$3,837
Average Stanton County Tax Bill
$2,426
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Leigh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68643 | $1,662 | $2,575 | $3,837 | $7,774 | $9,697 |
Source: Ownwell