Hardy, Nebraska Property Taxes
The median property tax rate in Hardy, NE is 0.92%, slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With the median home value in Hardy, the typical annual property tax bill amounts to $10,985, far exceeding the national median of $2,690. Property taxes in Hardy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hardy'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 Hardy 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
Hardy, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$10,962
-$114,887
Ownwell’s Hardy Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hardy with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hardy to provide an accurate estimate of your property tax bill. This feature allows you to gain a clear understanding of your potential tax liabilities. For those interested in more detailed insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hardy, Nebraska
Property taxes in Hardy, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardy is 1.70%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Hardy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hardy 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 Hardy's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68943 has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Hardy provides valuable insights into the varying tax landscape across Nuckolls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardy Tax Rate
0.92%
Average Thayer County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardy, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68943 | 0.92% | 0.92% | 0.92% | 1.03% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Hardy, Nebraska
In Hardy, 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 Hardy, 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 Hardy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hardy are both $10,985, located in the zip code 68943.
Average Hardy Assessed Value
$1,191,573
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 Hardy, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68943 | $317,134 | $783,842 | $1,191,573 | $1,344,844 | $1,353,524 |
Source: Ownwell
Property Tax Bills Across Hardy, Nebraska
In Hardy, located in Thayer 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 property tax rate to determine the annual tax bill. For example, the median home price in Hardy stands at $1,191,573, significantly higher than the national median. Consequently, homeowners can expect varying tax bills depending on where their property value falls within the spectrum. At the 25th percentile, property owners might see tax bills around $7,229, while those at the 75th percentile could face bills as high as $12,411. The highest median tax bill recorded in the area is $10,985, which aligns with the lowest, suggesting a consistent tax rate applied across properties. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. For homeowners, understanding these factors is crucial for financial planning and property investment decisions.
Average Hardy Tax Bill
$10,985
Average Thayer County Tax Bill
$919
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardy, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68943 | $2,940 | $7,229 | $10,985 | $12,411 | $12,510 |
Source: Ownwell