Harvard, Clay County, Nebraska Property Taxes
Median Harvard, NE effective property tax rate: 2.31%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Harvard, NE home value: $60,245
Median annual Harvard, NE tax bill: $1,056, $1,344 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Harvard, 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 Harvard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harvard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harvard, Clay County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.31%
Estimate Property Tax Bill
$1,392
$1,291
Property Tax Rates Across Harvard, Clay County, Nebraska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, while involving votes and laws, is the core method for determining rates each year.
In Harvard, located in Clay County, Nebraska, the effective property tax rate stands out compared to other cities in the state. Harvard's rate is significantly higher than the national median property tax rate of 1.02%. This makes it one of the areas with a notably higher rate in the U.S. Additionally, Nebraska's median property tax rate is above the national median, reflecting the state's overall higher property tax burden. For property owners in Harvard, understanding these rates is crucial, as they directly impact annual tax bills, which can be considerably higher than the national median of $2,400. By being informed, property owners can better navigate the complexities of property tax obligations and potentially explore appeal or exemption opportunities.
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 Harvard Tax Rate
2.31%
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 Harvard, Clay County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68944 | 1.11% | 1.31% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Harvard, Clay County, Nebraska
When examining property taxes in Harvard, 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 Clay County Assessor 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.
Assessment notices: In Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Harvard. For example, the median home price in Harvard is $60,245, with tax bills ranging significantly across the county. 68944 has the highest median home price at $60,245.
Property Tax Assessment Values Across Harvard, Clay County, Nebraska
Source: Ownwell
$15,670
$94,923
$174,175
Median Harvard Market Value
$60,245
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 Harvard, Clay County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68944 | $7,044 | $14,646 | $60,245 | $113,350 | $222,113 |
Source: Ownwell
Property Tax Bills Across Harvard, Clay County, Nebraska
Median Harvard Tax Bill
$1,056
Median Clay County Tax Bill
$1,360
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Harvard, Clay County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68944 | $74 | $274 | $1,056 | $2,129 | $3,333 |
Source: Ownwell