Hay Springs, Sheridan County, Nebraska Property Taxes
Median Hay Springs, NE effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Hay Springs, NE home value: $70,370
Median annual Hay Springs, NE tax bill: $1,222, $1,178 lower than the national median property tax bill of $2,400.
How are property taxes in Sheridan County calculated?
Property taxes in Hay Springs, 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 Hay Springs’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hay Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hay Springs, Sheridan County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$1,253
$1,162
Property Tax Rates Across Hay Springs, Sheridan County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual budget estimation process, where they calculate the necessary funds to provide services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws are involved in setting these rates and budgets, this is essentially the annual process.
In Hay Springs, located in Sheridan County, Nebraska, the effective property tax rate is a point of comparison with other cities within the state and the broader U.S. landscape. Nebraska's median property tax rate of 1.78% is notably higher than the national median of 1.02%, reflecting the state's approach to funding local services. This higher rate in Hay Springs aligns with the highest rate observed in the state, which also stands at 1.78%. Understanding how these rates compare can provide valuable insights for property owners considering a tax appeal or exemption.
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 Hay Springs Tax Rate
1.78%
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 Sheridan County Tax Rate
1.78%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hay Springs, Sheridan County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69347 | 1.32% | 1.40% | 1.78% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Hay Springs, Sheridan County, Nebraska
When examining property taxes in Hay Springs, 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 Sheridan 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 Sheridan 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 Hay Springs. For example, the median home price in Hay Springs is $70,370, with tax bills ranging significantly across the county. Zip code 69347 has the highest median home price at $70,370.
Property Tax Assessment Values Across Hay Springs, Sheridan County, Nebraska
Source: Ownwell
$47,372
$159,406
$271,440
Median Hay Springs Market Value
$70,370
Median Sheridan County Market Value
$70,524
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hay Springs, Sheridan County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69347 | $15,355 | $37,038 | $70,370 | $160,986 | $325,325 |
Source: Ownwell
Property Tax Bills Across Hay Springs, Sheridan County, Nebraska
Median Hay Springs Tax Bill
$1,222
Median Sheridan County Tax Bill
$1,197
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Hay Springs, Sheridan County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69347 | $183 | $628 | $1,222 | $2,444 | $4,525 |
Source: Ownwell