Carleton, Nebraska Property Taxes
The median property tax rate in Carleton, NE is 1.01%, slightly above the national median of 0.99% yet lower than Nebraska's state median of 1.75%. With a median home value of $148,758 in Carleton, the typical annual property tax bill amounts to $1,407, which is below the national median of $2,690. Property taxes in Carleton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Carleton'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 Carleton 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
Carleton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,502
-$15,746
Ownwell’s Carleton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carleton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Carleton to provide an accurate estimate of your property tax bill. This tool offers clear insights into potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Carleton, Nebraska
Property taxes in Carleton, Nebraska, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Carleton is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Carleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carleton 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 Carleton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68326 zip code has the highest median property tax rate of 1.01%, while the 68326 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Carleton 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 Carleton Tax Rate
1.01%
Average Thayer County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carleton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68326 | 0.71% | 0.72% | 1.01% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Carleton, Nebraska
In Carleton, 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 Carleton, 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. Carleton homeowners, for instance, see a wide range in tax bills, with the 25th percentile at $281 and the 90th percentile reaching $9,745. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carleton Assessed Value
$148,758
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 Carleton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68326 | $9,243 | $35,348 | $148,758 | $767,717 | $1,072,844 |
Source: Ownwell
Property Tax Bills Across Carleton, Nebraska
In Carleton, Thayer County, NE, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Carleton is $148,758. Homeowners can expect their tax bills to vary significantly based on their property's assessed value and the specific tax rate set by local authorities. For example, the tax bill at the 25th percentile is $281, while at the 75th percentile, it rises sharply to $6,209, and at the 90th percentile, it reaches $9,745. These figures indicate a wide range in property tax bills, reflecting differences in property values and potentially varying tax rates within the county. Compared to the national median property tax rate of 0.99%, Carleton's property tax rates can lead to substantial differences in tax obligations for homeowners. This variability underscores the importance of understanding local property assessments and tax rates, as they significantly impact annual tax bills.
Average Carleton Tax Bill
$1,407
Average Thayer County Tax Bill
$919
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Carleton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68326 | $69 | $281 | $1,407 | $6,209 | $9,745 |
Source: Ownwell