Henderson, Nebraska Property Taxes
The median property tax rate in Henderson, NE is 1.71%, slightly lower than the state median of 1.75% but significantly higher than the national median of 0.99%. With the median home value in Henderson, the typical annual property tax bill reaches $2,001, which is still below the national median of $2,690. Property taxes in Henderson are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Henderson'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 Henderson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henderson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$2,225
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, Nebraska
Property taxes in Henderson, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henderson is 1.71%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68371 has the highest median property tax rate of 1.71%, while the lowest median tax rate within the same zip code is also 1.71%. Understanding how these cities compare with Henderson provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
1.71%
Average York County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68371 | 0.91% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Nebraska
In Henderson, 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 York 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. 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 Henderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Henderson is $130,096, with tax bills ranging from $1,338 at the 25th percentile to $4,217 at the 90th percentile. The highest and lowest median tax bills are both $2,001, found in the 68371 zip code.
Average Henderson Assessed Value
$130,096
Average York County Assessed Value
$120,076
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henderson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68371 | $48,243 | $88,142 | $130,096 | $195,135 | $270,118 |
Source: Ownwell
Property Tax Bills Across Henderson, Nebraska
In Henderson, York County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $130,096, homeowners can expect their tax bill to vary significantly. The 25th percentile tax bill is around $1,338, while the 75th percentile reaches up to $2,870, and the 90th percentile can be as high as $4,217. Factors influencing these amounts include the home's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Henderson reflect the local economic conditions and public service funding requirements. This variability in property tax bills can significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate their property tax obligations accurately.
Average Henderson Tax Bill
$2,001
Average York County Tax Bill
$1,911
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68371 | $767 | $1,338 | $2,001 | $2,870 | $4,217 |
Source: Ownwell