Stanton, Nebraska Property Taxes
The median property tax rate in Stanton, NE is 1.63%, which is considerably higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With a median home value of $153,550 in Stanton, the typical annual property tax bill amounts to $2,315, which is below the national median of $2,690. Property taxes in Stanton are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Stanton'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 Stanton or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$2,503
-$26,230
Ownwell’s Stanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanton 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 Stanton, Nebraska
Property taxes in Stanton, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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 Stanton's effective property tax rate to other areas in Nebraska and the national median. For comparison, Stanton itself has the highest median property tax rate of 1.63%, while it also has the lowest median tax rate of 1.63%. Understanding how Stanton compares with other regions 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 Stanton Tax Rate
1.63%
Average Stanton County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68779 | 1.30% | 1.32% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Nebraska
In Stanton, 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 local 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 Stanton, 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 Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stanton is $2,315 in the 68779 zip code, which is also the lowest median tax bill.
Average Stanton Assessed Value
$153,550
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 Stanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68779 | $30,333 | $79,550 | $153,550 | $256,860 | $458,245 |
Source: Ownwell
Property Tax Bills Across Stanton, Nebraska
In Stanton, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The process begins with the assessor evaluating the property's market value and then applying an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, Stanton's median home price is $153,550, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,176 annually, while those in the 75th percentile face a tax bill of approximately $3,707. The 90th percentile sees even higher tax bills, reaching up to $6,333. These property taxes directly impact homeowners by affecting their overall housing costs. Compared to the national median property tax rate of 0.99%, Stanton's tax rates and bills can be higher or lower, influencing the affordability and financial planning of residents.
Average Stanton Tax Bill
$2,315
Average Stanton County Tax Bill
$2,426
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68779 | $431 | $1,176 | $2,315 | $3,707 | $6,333 |
Source: Ownwell