Hazard, Buffalo County, Nebraska Property Taxes

Name: Property Tax Bills Across Hazard, Buffalo County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hazard, NE effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Hazard, NE home value: $236,205
Median annual Hazard, NE tax bill: $4,305, $1,905 higher than the national median property tax bill of $2,400.

How are property taxes in Buffalo County calculated?

Property taxes in Hazard, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hazard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hazard, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hazard, Buffalo County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$2,882

$2,674

Ownwell’s Hazard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hazard with just two data points. By entering your property's estimated assessed value, our calculator applies Hazard’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Buffalo County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hazard, Buffalo County, Nebraska

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties calculate their required budgets to maintain public services and divide this by the total value of all taxable properties within their jurisdiction. This process results in the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the fundamental annual procedure. Hazard in Buffalo County, NE, presents an interesting case in point. Its effective property tax rate can be compared to other cities within Nebraska and also against the median property tax rates in both Nebraska and the United States. The median property tax rate in Nebraska is slightly above the national median of 1.02%, indicating a heavier tax burden compared to many other states. This comparison allows property owners in Hazard to understand their tax obligations better and explore potential savings through appeals or exemptions.

Property Tax Rates Across Hazard, Buffalo County, Nebraska

Source: Ownwell

1.22%

1.71%

2.20%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hazard Tax Rate

1.22%

Median Effective Buffalo County Tax Rate

1.75%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hazard, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68844	1.16%	1.16%	1.22%	1.50%	1.50%

Source: Ownwell

Property Tax Assessment Values Across Hazard, Buffalo County, Nebraska

When examining property taxes in Hazard, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Buffalo County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Buffalo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hazard. For example, the median home price in Hazard is $236,205, with tax bills ranging significantly across the county. 68844 has the highest median home price at $236,205.

Property Tax Assessment Values Across Hazard, Buffalo County, Nebraska

Source: Ownwell

$82,235

$159,220

$236,205

Median Hazard Market Value

$236,205

Median Buffalo County Market Value

$185,962

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hazard, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68844	$93,723	$146,595	$236,205	$461,380	$673,430

Source: Ownwell

Property Tax Bills Across Hazard, Buffalo County, Nebraska

In Hazard, located in Buffalo County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in this area is $236,205. Homeowners in Hazard face a median tax bill that can vary significantly, with the 25th percentile at $1,936 and the 75th percentile reaching $6,416. This variation can be attributed to differences in assessed property values and applicable tax rates. While the highest median tax bill in the region is $4,305, it remains below the national median tax bill of $2,400.

For homeowners, these tax bills can have a substantial impact on their annual expenses. Fortunately, Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax liabilities. By analyzing individual property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can assist in lowering property tax bills, providing significant savings for homeowners in Hazard.

Property Tax Bills Across Hazard, Buffalo County, Nebraska

Source: Ownwell

$1,181

$2,743

$4,305

Median Hazard Tax Bill

$4,305

Median Buffalo County Tax Bill

$3,186

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Hazard, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68844	$1,213	$1,936	$4,305	$6,416	$8,816

Source: Ownwell