Fort Calhoun, Nebraska Property Taxes
The median property tax rate in Fort Calhoun, NE is 1.71%, which is higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With a median home value of $305,750 in Fort Calhoun, the typical annual property tax bill amounts to $5,538, surpassing the national median of $2,690. Property taxes in Fort Calhoun are based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Fort Calhoun's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're residing in Fort Calhoun or investing in real estate there, understanding the local property tax intricacies will be beneficial.
Last Updated June 14, 2024
Fort Calhoun, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$5,228
Ownwell’s FORT CALHOUN Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in FORT CALHOUN to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, you can explore trends specific to your neighborhood by scrolling down. The assessed value used in these calculations is determined by the county and considers any applicable exemptions, ensuring precise estimates.
Property Tax Rates Across Fort Calhoun, Nebraska
Property taxes in Fort Calhoun, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Calhoun is 1.71%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Fort Calhoun set these rates annually, and they can vary across different neighborhoods. Each year, Fort Calhoun 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 Fort Calhoun's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68023 has the highest median property tax rate of 1.71%, while the same zip code has the lowest median tax rate of 1.71%. Understanding how these figures compare with Fort Calhoun provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Calhoun Tax Rate
1.71%
Average Washington County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Calhoun, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68023 | 1.52% | 1.71% | 1.71% | 2.25% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Fort Calhoun, Nebraska
In FORT CALHOUN, 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 Washington 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 FORT CALHOUN, 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 FORT CALHOUN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 68023 has the highest and lowest median tax bill at $5,538.
Average Fort Calhoun Assessed Value
$305,750
Average Washington County Assessed Value
$234,648
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Calhoun, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68023 | $148,270 | $212,105 | $305,750 | $416,634 | $562,965 |
Source: Ownwell
Property Tax Bills Across Fort Calhoun, Nebraska
In Fort Calhoun, Washington County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's size, location, and market conditions are considered during assessment. Homeowners in Fort Calhoun experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $4,035, while the 75th percentile tax bill reaches $7,356. The 90th percentile tax bill can be as high as $10,010. The highest median tax bill in the area is $5,538, which is notably higher than the national median property tax rate of 0.99%. This significant range in tax bills affects homeowners differently, depending on their property values and specific circumstances, impacting their annual financial planning and overall cost of homeownership.
Average Fort Calhoun Tax Bill
$5,538
Average Washington County Tax Bill
$4,036
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Calhoun, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68023 | $2,377 | $4,035 | $5,538 | $7,356 | $10,010 |
Source: Ownwell