Hebron, Nebraska Property Taxes
The median property tax rate in Hebron, NE is 1.44%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $106,890 in Hebron, the typical annual property tax bill amounts to $1,443, falling short of the national median of $2,690. Property taxes in Hebron are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Hebron's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Hebron or elsewhere in the city, gaining insights into the local property tax structure can be highly beneficial.
Last Updated June 14, 2024
Hebron, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,539
-$16,131
Ownwell’s Hebron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hebron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hebron 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 Thayer County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hebron, Nebraska
Property taxes in Hebron, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hebron is 1.44%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Hebron set these rates annually, and they can vary across different neighborhoods. Each year, Hebron 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 Hebron's effective property tax rate to other areas in Thayer County and the national median. For comparison, the zip code 68370 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with Hebron 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 Hebron Tax Rate
1.44%
Average Thayer County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hebron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68370 | 0.93% | 0.94% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, Nebraska
In Hebron, 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 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 Hebron, 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 Hebron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Hebron, the highest median tax bill is $1,443 in the 68370 zip code, while the lowest median tax bill is also $1,443 in the same zip code.
Average Hebron Assessed Value
$106,890
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 Hebron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68370 | $24,504 | $51,406 | $106,890 | $199,431 | $409,777 |
Source: Ownwell
Property Tax Bills Across Hebron, Nebraska
In Hebron, located in Thayer County, NE, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in Hebron stands at $106,890. Depending on the property's assessed value, tax bills can vary significantly. At the 25th percentile, homeowners might pay around $714 annually, while those at the 75th percentile could see tax bills as high as $2,579. The top 10% of properties face even higher bills, reaching up to $4,120. The median property tax rate in Hebron is competitive compared to the national median of 0.99%, making it a relatively affordable area for homeowners. These property tax payments fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's overall quality of life.
Average Hebron Tax Bill
$1,443
Average Thayer County Tax Bill
$919
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Hebron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68370 | $324 | $714 | $1,443 | $2,579 | $4,120 |
Source: Ownwell