Palisade, Hayes County, Nebraska Property Taxes
Median Palisade, NE effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Palisade, NE home value: $105,535
Median annual Palisade, NE tax bill: $1,563, $837 lower than the national median property tax bill of $2,400.
How are property taxes in Hayes calculated?
Property taxes in Palisade, 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 Palisade’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palisade, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Palisade, Hayes County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$1,298
$1,205
Property Tax Rates Across Palisade, Hayes County, Nebraska
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Palisade in Hayes County, Nebraska, presents an intriguing case for property taxes. The effective property tax rate here is 1.23%, which is notably higher than the national median of 1.02%. This rate also represents the highest and lowest median tax rates within the state, making Palisade unique in its uniformity. In contrast, the national median property tax bill is $2,400, which provides a benchmark for comparison. While Nebraska's rates may seem elevated, they reflect the local government's commitment to maintaining essential services and infrastructure. Understanding these nuances is crucial for property owners, as they navigate the complexities of property tax assessments in their respective regions.
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 Palisade Tax Rate
1.23%
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 Hayes County Tax Rate
1.18%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palisade, Hayes County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69040 | 1.22% | 1.22% | 1.23% | 1.52% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Palisade, Hayes County, Nebraska
When examining property taxes in Palisade, 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 Hayes 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.
In Hayes 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 Palisade. For example, the median home price in Palisade is $105,535, with tax bills ranging significantly across the county. Zip code 69040 has the highest median home price at $105,535.
Property Tax Assessment Values Across Palisade, Hayes County, Nebraska
Source: Ownwell
$25,065
$149,733
$274,400
Median Palisade Market Value
$105,535
Median Hayes County Market Value
$126,295
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palisade, Hayes County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69040 | $10,213 | $29,008 | $105,535 | $262,470 | $441,858 |
Source: Ownwell
Property Tax Bills Across Palisade, Hayes County, Nebraska
Median Palisade Tax Bill
$1,563
Median Hayes County Tax Bill
$1,612
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Palisade, Hayes County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69040 | $233 | $654 | $1,563 | $3,123 | $5,538 |
Source: Ownwell