Clay Center, Clay County, Nebraska Property Taxes
Median Clay Center, NE effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Clay Center, NE home value: $95,095
Median annual Clay Center, NE tax bill: $1,584, $816 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Clay Center, 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 Clay Center’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clay Center, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clay Center, Clay County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.85%
Estimate Property Tax Bill
$1,759
$1,633
Property Tax Rates Across Clay Center, Clay County, Nebraska
Local government entities are responsible for setting tax rates, and these can differ significantly within a state. The process involves each county calculating its required budget for services and dividing that by the total value of all taxable property in its area. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially how it works annually.
In Clay Center, located in Clay County, Nebraska, the effective property tax rate stands at 1.85%. This rate is higher than the national median property tax rate of 1.02%. When compared to other cities in Nebraska, Clay Center's rate is on the higher end, as it matches the highest median tax rate in the state. The median property tax rate in Nebraska also stands at 1.85%, which is higher than the national median. This comparison highlights how property tax rates in Clay Center and Nebraska exceed the national average, impacting the property tax bills for residents.
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 Clay Center Tax Rate
1.85%
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 Clay County Tax Rate
1.67%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Clay Center, Clay County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68933 | 1.10% | 1.12% | 1.85% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Clay Center, Clay County, Nebraska
When examining property taxes in Clay Center, NE, 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 Clay 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 Clay 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 Clay Center. For example, the median home price in Clay Center is $95,095, with tax bills ranging significantly across the county. Zip code 68933 has the highest median home price at $95,095.
Property Tax Assessment Values Across Clay Center, Clay County, Nebraska
Source: Ownwell
$15,670
$94,923
$174,175
Median Clay Center Market Value
$95,095
Median Clay County Market Value
$85,465
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Clay Center, Clay County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68933 | $25,766 | $54,615 | $95,095 | $147,698 | $232,495 |
Source: Ownwell
Property Tax Bills Across Clay Center, Clay County, Nebraska
In Clay Center, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $95,095, with property tax bills ranging significantly. At the 25th percentile, homeowners might pay around $778, while those at the 75th percentile could see bills as high as $2,390. This variability can impact a homeowner’s budget significantly, especially when compared to the national median property tax bill of $2,400. The highest and lowest median tax bills in Clay Center are both $1,584, indicating some consistency in the area.
Ownwell assists homeowners by offering property tax appeal and exemption services, helping them potentially reduce their tax burden. By analyzing the assessed value and comparing it to market trends, Ownwell identifies discrepancies that could lead to savings. This service can be crucial for homeowners looking to manage their expenses more effectively and ensure they are not overpaying on their property taxes.
Median Clay Center Tax Bill
$1,584
Median Clay County Tax Bill
$1,360
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Clay Center, Clay County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68933 | $187 | $778 | $1,584 | $2,390 | $3,691 |
Source: Ownwell