Brunswick, Nebraska Property Taxes
The median property tax rate in Brunswick, NE is 1.29%, which is considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Brunswick at $162,700, the typical annual property tax bill reaches $2,034, exceeding the national median of $2,690. Property taxes in Brunswick are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brunswick's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brunswick or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brunswick, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,099
Ownwell’s Brunswick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brunswick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brunswick to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brunswick, Nebraska
Property taxes in Brunswick, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brunswick is 1.29%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Brunswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunswick estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Brunswick's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68720 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Brunswick provides valuable insights into the varying tax landscape across Antelope County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brunswick Tax Rate
1.29%
Average Antelope County Tax Rate
1.29%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunswick, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68720 | 0.99% | 1.00% | 1.29% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Brunswick, Nebraska
In Brunswick, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Brunswick are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Brunswick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 68720 zip code in Antelope County has the highest median tax bill of $2,034.
Average Brunswick Assessed Value
$162,700
Average Antelope County Assessed Value
$117,295
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brunswick, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68720 | $28,104 | $45,890 | $162,700 | $475,180 | $878,111 |
Source: Ownwell
Property Tax Bills Across Brunswick, Nebraska
In Brunswick, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered during the assessment process. Once the assessed value is established, the applicable tax rate is applied to calculate the annual tax bill. In Brunswick, homeowners can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $706, while the 75th percentile tax bill is approximately $5,711. The 90th percentile tax bill can reach up to $10,528, highlighting the range of property taxes in the area. These property taxes fund essential community services such as public schools, infrastructure, and emergency services. For homeowners, understanding how their property tax bill is determined is crucial, as it directly impacts their annual expenses and overall financial planning.
Average Brunswick Tax Bill
$2,034
Average Antelope County Tax Bill
$1,685
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunswick, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68720 | $399 | $706 | $2,034 | $5,711 | $10,528 |
Source: Ownwell