Arcadia, Nebraska Property Taxes
The median property tax rate in Arcadia, NE is 2.31%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $80,095 in Arcadia, the typical annual property tax bill amounts to $1,711, which is below the national median of $2,690. Property taxes in Arcadia are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Arcadia'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 Arcadia or another part of Valley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$1,850
$1,717
Ownwell’s Arcadia Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Valley County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Arcadia, Nebraska
Property taxes in Arcadia, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 2.31%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68815 zip code has the highest median property tax rate of 2.31%, while the same zip code also has the lowest median tax rate of 2.31%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
2.31%
Average Valley County Tax Rate
1.81%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68815 | 1.59% | 1.65% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Nebraska
In Arcadia, 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 Valley 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 Arcadia, 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. For example, the median home price in Arcadia is $80,095, with tax bills ranging from $827 at the 25th percentile to $7,601 at the 90th percentile. The zip code with the highest and lowest median tax bill is 68815, both at $1,711. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$80,095
Average Valley County Assessed Value
$94,595
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68815 | $22,575 | $38,328 | $80,095 | $208,258 | $466,295 |
Source: Ownwell
Property Tax Bills Across Arcadia, Nebraska
In Arcadia, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors are considered in determining the assessed value, including the home's market value, location, and any improvements or renovations made to the property. For homeowners in Arcadia, the median home price is $80,095. Property tax bills can vary significantly, with the 25th percentile paying around $827, while those in the 75th percentile face bills of approximately $3,817. At the 90th percentile, homeowners might see tax bills as high as $7,601. Compared to the national median property tax rate of 0.99%, Arcadia’s tax bills reflect the local economic conditions and property values. This variation in tax bills can significantly impact homeowners, influencing their overall housing costs and budgeting needs.
Average Arcadia Tax Bill
$1,711
Average Valley County Tax Bill
$1,656
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68815 | $464 | $827 | $1,711 | $3,817 | $7,601 |
Source: Ownwell