Harvard, Hamilton County, Nebraska Property Taxes
Median Harvard, NE effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Harvard, NE home value: $269,718
Median annual Harvard, NE tax bill: $2,367, $33 lower than the national median property tax bill of $2,400.
How are property taxes in Hamilton 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, Hamilton County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$2,967
$2,753
Property Tax Rates Across Harvard, Hamilton County, Nebraska
Local government entities determine tax rates, which can differ significantly within a state. This variation is due to each county's annual budget estimation to fund services, which is then divided by the total value of all taxable property in the area, resulting in the property tax rate. This process, while involving votes and legislation, essentially follows this annual procedure.
In Harvard, located in Hamilton County, the effective property tax rate is 1.10%. This is slightly above the national median property tax rate of 1.02%. When you compare this to the median property tax rates in Nebraska and across the U.S., Harvard’s rate stands out. While the national median property tax bill is $2,400, the rates in Harvard reflect the specific budgetary needs and property values of the area. This comparison offers insight into how property tax rates can vary not only between states but also within different regions of a state, highlighting the importance of understanding local tax assessments and their impact on property owners.
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
1.10%
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 Hamilton County Tax Rate
1.50%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harvard, Hamilton County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68944 | 1.06% | 1.08% | 1.10% | 1.12% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Harvard, Hamilton County, Nebraska
When examining property taxes in Harvard, 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 Hamilton County appraisal district 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 Hamilton 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 $269,718, with tax bills ranging significantly across the county. Zip code 68944 has the highest median home price at $269,718.
Property Tax Assessment Values Across Harvard, Hamilton County, Nebraska
Source: Ownwell
$115,375
$192,547
$269,718
Median Harvard Market Value
$269,718
Median Hamilton County Market Value
$155,855
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harvard, Hamilton County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68944 | $128,570 | $164,274 | $269,718 | $405,684 | $921,328 |
Source: Ownwell
Property Tax Bills Across Harvard, Hamilton County, Nebraska
Median Harvard Tax Bill
$2,367
Median Hamilton County Tax Bill
$2,134
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Harvard, Hamilton County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68944 | $1,391 | $1,802 | $2,367 | $4,336 | $9,893 |
Source: Ownwell