Lemoyne, Nebraska Property Taxes
The median property tax rate in Lemoyne, NE is 1.09%, slightly above the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $367,350 in Lemoyne, the typical annual property tax bill reaches $3,987, surpassing the national median of $2,690. Property taxes in Lemoyne are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Lemoyne'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 Lemoyne 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
Lemoyne, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$4,004
Ownwell’s Lemoyne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lemoyne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lemoyne 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 Lemoyne, Nebraska
Property taxes in Lemoyne, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lemoyne is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Lemoyne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lemoyne 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 Lemoyne's effective property tax rate to other areas in Arthur County and the national median. For comparison, the zip code 69146 has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Lemoyne provides valuable insights into the varying tax landscape across Arthur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lemoyne Tax Rate
1.09%
Average Arthur County Tax Rate
1.10%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lemoyne, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69146 | 1.08% | 1.09% | 1.09% | 1.10% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lemoyne, Nebraska
In Lemoyne, 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. In Lemoyne, assessment notices 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 Lemoyne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $3987 in the 69146 zip code, while the lowest median tax bill is also $3987 in the same zip code. By understanding these details, property owners can take proactive steps to manage their property taxes efficiently.
Average Lemoyne Assessed Value
$367,350
Average Arthur County Assessed Value
$98,990
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lemoyne, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69146 | $80,436 | $235,066 | $367,350 | $387,669 | $479,734 |
Source: Ownwell
Property Tax Bills Across Lemoyne, Nebraska
In Lemoyne, located in Arthur County, NE, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Lemoyne is $367,350, and homeowners can expect their tax bills to vary within a range. For example, at the 25th percentile, the tax bill is approximately $2,560, while at the 75th percentile, it rises to about $4,213. For those at the 90th percentile, the tax bill can reach up to $5,228. These figures illustrate the variability in tax bills depending on the property’s assessed value and any applicable exemptions or deductions. Factors influencing the property tax bill include the home's assessed value, which is determined by local assessors, and the local property tax rate. Compared to the national median property tax rate of 0.99%, Lemoyne's tax rates and bills reflect the unique economic and property value conditions of the area. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Lemoyne Tax Bill
$3,987
Average Arthur County Tax Bill
$1,104
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lemoyne, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69146 | $895 | $2,560 | $3,987 | $4,213 | $5,228 |
Source: Ownwell