Elba, Howard County, Nebraska Property Taxes
Median Elba, NE effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Elba, NE home value: $81,032
Median annual Elba, NE tax bill: $1,202, $1,198 lower than the national median property tax bill of $2,400.
How are property taxes in Howard County calculated?
Property taxes in Elba, 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 Elba’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elba, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elba, Howard County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$1,186
$1,101
Property Tax Rates Across Elba, Howard County, Nebraska
Local government entities have the authority to set tax rates, which can vary significantly within a state. This variation is due to the annual process where each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this process is the fundamental basis for determining tax rates each year.
In Elba, located in Howard County, Nebraska, the effective property tax rate is a point of interest for property owners. When compared to other cities in Nebraska, Elba's rate aligns with the state's median property tax rate of 1.43%, which is significantly higher than the national median of 1.02%. This difference highlights the importance of understanding local tax obligations. For residents, this means that the property tax bill could be considerably higher than the national median of $2,400. Understanding these differences can empower property owners to make informed decisions about appealing their property taxes and seeking exemptions where applicable.
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 Elba Tax Rate
1.11%
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 Howard County Tax Rate
0.87%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elba, Howard County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68835 | 0.74% | 0.90% | 1.11% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Elba, Howard County, Nebraska
When examining property taxes in Elba, 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 Howard 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 Howard 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 Elba. For example, the median home price in Elba is $81,032, with tax bills ranging significantly across the county. Zip code 68835 has the highest median home price at $81,032.
Property Tax Assessment Values Across Elba, Howard County, Nebraska
Source: Ownwell
$42,384
$219,940
$397,496
Median Elba Market Value
$106,886
Median Howard County Market Value
$193,146
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elba, Howard County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68835 | $10,678 | $46,583 | $106,886 | $312,189 | $593,304 |
Source: Ownwell
Property Tax Bills Across Elba, Howard County, Nebraska
In Elba, homeowners face property tax bills that are calculated based on the assessed value of their properties. This value is determined by the Howard County assessor, who evaluates factors such as property size, location, and market conditions. With a median home price of $81,032, the property tax rate in Elba results in a tax bill that can vary significantly. For instance, while some homeowners might pay as low as $484, others could see their bills soar to $6,648, depending on their property's assessed value and specific circumstances. The median property tax bill in the area stands at $1,202, which is below the national median of $2,400.
Homeowners can benefit from Ownwell's expertise in property tax appeals, potentially saving significantly on their tax bills. By analyzing market trends and leveraging local tax laws, Ownwell can identify opportunities for reassessment and exemptions, ensuring homeowners are not overpaying. This service is particularly beneficial in a region where property tax bills can vary widely, providing peace of mind and financial relief.
Median Elba Tax Bill
$1,198
Median Howard County Tax Bill
$1,890
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Elba, Howard County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68835 | $83 | $455 | $1,198 | $2,880 | $5,191 |
Source: Ownwell