Tobias, Nebraska Property Taxes
The median property tax rate in Tobias, NE is 0.89%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $491,720 in Tobias, the typical annual property tax bill amounts to $4,333, substantially higher than the national median of $2,690. Property taxes in Tobias are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Tobias'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 Tobias or another part of Thayer County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tobias, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$4,376
-$45,864
Ownwell’s Tobias Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tobias with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tobias 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 Tobias, Nebraska
Property taxes in Tobias, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tobias is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within Tobias set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tobias 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 Tobias's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68453 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Tobias 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 Tobias Tax Rate
0.89%
Average Thayer County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tobias, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68453 | 0.88% | 0.88% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Tobias, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tobias, Nebraska. 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 Tobias, 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 Tobias helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68453 has the highest and lowest median tax bill, both at $4,333, highlighting the importance of understanding these valuations.
Average Tobias Assessed Value
$491,720
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 Tobias, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68453 | $210,594 | $316,016 | $491,720 | $667,423 | $772,845 |
Source: Ownwell
Property Tax Bills Across Tobias, Nebraska
In Tobias, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Thayer County. The assessed value is determined by county assessors who evaluate various factors such as the property's market value, location, and any improvements made to the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Tobias experience varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is approximately $2,795, while those at the 75th percentile can expect around $5,871. At the 90th percentile, the tax bill can reach up to $6,794. The highest median tax bill in Thayer County is $4,333, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community and homeowners' financial planning.
Average Tobias Tax Bill
$4,333
Average Thayer County Tax Bill
$919
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Tobias, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68453 | $1,872 | $2,795 | $4,333 | $5,871 | $6,794 |
Source: Ownwell