Alexandria, Nebraska Property Taxes
The median property tax rate in Alexandria, NE is 1.32%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $27,480 in Alexandria, the typical annual property tax bill amounts to $269, falling below the national median of $2,690. Property taxes in Alexandria are based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Alexandria's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Alexandria or another part of the region, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alexandria, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$363
-$3,801
Ownwell’s Alexandria Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Alexandria. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Alexandria to provide an accurate estimate of your property tax bill. This valuable insight helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for tax purposes and may include applicable exemptions.
Property Tax Rates Across Alexandria, Nebraska
Property taxes in Alexandria, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexandria is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alexandria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexandria 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 Alexandria's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68303 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 Alexandria provides valuable insights into the varying tax landscape across Thayer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexandria Tax Rate
1.32%
Average Thayer County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexandria, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68303 | 0.80% | 0.90% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Alexandria, Nebraska
In Alexandria, 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 Thayer 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 Alexandria, 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 Alexandria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 68303, with a median tax bill of $269.
Average Alexandria Assessed Value
$27,480
Average Thayer County Assessed Value
$73,318
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexandria, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68303 | $1,767 | $8,137 | $27,480 | $77,488 | $404,194 |
Source: Ownwell
Property Tax Bills Across Alexandria, Nebraska
In Alexandria, Thayer County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Alexandria, the median home price is $27,480. Property tax bills can vary significantly; the 25th percentile tax bill is $78, while the 75th percentile tax bill reaches $859. At the 90th percentile, homeowners can expect to pay around $3,643. The median property tax rate in Thayer County aligns with the national median of 0.99%, ensuring a relatively predictable tax environment for residents. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding how property tax bills are calculated helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Alexandria Tax Bill
$269
Average Thayer County Tax Bill
$919
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexandria, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68303 | $20 | $78 | $269 | $859 | $3,643 |
Source: Ownwell