Halsey, Nebraska Property Taxes
The median property tax rate in Halsey, Nebraska is 1.09%, slightly above the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Halsey at $53,766, the typical annual property tax bill is $507, which is well below the national median of $2,690. Property taxes in Halsey are calculated 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 Halsey's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether residing in the heart of Halsey or its outskirts, comprehending the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Halsey, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$586
Ownwell’s Halsey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Halsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Halsey 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 Halsey, Nebraska
Property taxes in Halsey, Nebraska, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Halsey is 1.09%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Halsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Halsey 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 Halsey's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69142 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these cities compare with Halsey provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Halsey Tax Rate
1.09%
Average Thomas County Tax Rate
0.90%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Halsey, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69142 | 0.87% | 0.88% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Halsey, Nebraska
In Halsey, 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 local 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 Halsey, 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. The median home price in Halsey is $53,766, with property tax bills ranging from $221 at the 25th percentile to $3,409 at the 90th percentile. The highest and lowest median tax bills are both $507, found in zip code 69142. 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 Halsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Halsey Assessed Value
$53,766
Average Thomas County Assessed Value
$63,458
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Halsey, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69142 | $3,062 | $21,188 | $53,766 | $131,295 | $347,301 |
Source: Ownwell
Property Tax Bills Across Halsey, Nebraska
In Halsey, located in Thomas County, NE, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by local taxing authorities. For instance, with a median home price of $53,766, homeowners can expect varying tax bills across different percentiles. At the 25th percentile, tax bills are around $221, while at the 75th percentile, they rise to approximately $1,366. The 90th percentile sees tax bills reaching up to $3,409. These figures contrast with the national median property tax rate of 0.99%, highlighting regional differences. Homeowners in Halsey should be aware of these factors as they significantly influence annual property tax obligations, impacting overall housing costs and financial planning. Understanding how these elements interplay helps residents anticipate and manage their property tax responsibilities effectively.
Average Halsey Tax Bill
$507
Average Thomas County Tax Bill
$669
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Halsey, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69142 | $33 | $221 | $507 | $1,366 | $3,409 |
Source: Ownwell