Banner County Property Taxes
The median property tax rate in Banner County is 1.37%, which is significantly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $144,301, the typical annual property tax bill in Banner County reaches $1,965, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Banner County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Harrisburg or another part of Banner County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Banner County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,977
Ownwell’s Banner County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Banner County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Banner County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Banner County, Nebraska
Property taxes in Banner County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Banner County is 1.37%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Banner County set these rates annually, and they can vary significantly between different areas within the county. Each year, Banner County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Bayard has one of the higher property tax rates in Nebraska at 1.64%, while the city of Dix boasts one of the lowest at 1.37%. Analyzing how Banner County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Banner County Tax Rate
1.37%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Banner County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayard | 1.27% | 1.63% | 1.64% | 1.65% | 1.65% |
| Bridgeport | 1.37% | 1.37% | 1.37% | 1.38% | 1.38% |
| Bushnell | 1.36% | 1.37% | 1.37% | 1.38% | 1.38% |
| Dix | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| Gering | 1.26% | 1.36% | 1.37% | 1.38% | 1.38% |
| Harrisburg | 1.36% | 1.37% | 1.38% | 1.38% | 1.38% |
| Kimball | 1.36% | 1.37% | 1.37% | 1.38% | 1.38% |
| Pine Bluffs | 1.21% | 1.36% | 1.37% | 1.38% | 1.38% |
| Potter | 1.36% | 1.37% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Banner County, Nebraska
In Banner County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Banner County Appraisal District. The assessed value, however, 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 Banner County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city of Dix has the highest median tax bill at $7,714, while Harrisburg has the lowest at $1,840. Being aware of these valuation processes in Banner County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Banner County, Nebraska
Source: Ownwell
$133,954
$349,164
$564,373
Average Banner County Assessed Value
$144,301
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Banner County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayard | $71,374 | $91,228 | $186,882 | $250,330 | $275,451 |
| Bridgeport | $61,578 | $95,595 | $135,972 | $142,446 | $222,182 |
| Bushnell | $163,802 | $198,134 | $255,352 | $312,570 | $346,902 |
| Dix | $564,373 | $564,373 | $564,373 | $564,373 | $564,373 |
| Gering | $79,241 | $116,193 | $189,306 | $284,778 | $376,820 |
| Harrisburg | $43,070 | $74,998 | $134,686 | $266,814 | $401,488 |
| Kimball | $57,210 | $103,718 | $220,922 | $376,950 | $465,307 |
| Pine Bluffs | $91,354 | $129,006 | $233,206 | $335,186 | $422,782 |
| Potter | $43,429 | $93,108 | $133,954 | $224,582 | $357,785 |
Source: Ownwell
Property Tax Bills Across Banner County, Nebraska
In Banner County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Banner County is $144,301. Property taxes are then applied to this assessed value using the county's tax rate. Various factors influence the final tax bill, including property location, improvements, and market conditions. Homeowners in Banner County experience a wide range of property tax bills. For instance, the tax bill at the 25th percentile is $1,066, while at the 75th percentile, it rises to $3,853. At the 90th percentile, homeowners might see a tax bill as high as $5,451. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and assessments impact their financial obligations. The highest median tax bill in the region is $7,714 in Dix, while the lowest is $1,840 in Harrisburg, illustrating the variability within nearby areas.
Average Banner County Tax Bill
$1,965
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Banner County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayard | $446 | $1,355 | $2,622 | $4,109 | $4,548 |
| Bridgeport | $850 | $1,316 | $1,869 | $1,948 | $3,037 |
| Bushnell | $2,254 | $2,718 | $3,491 | $4,265 | $4,729 |
| Dix | $7,714 | $7,714 | $7,714 | $7,714 | $7,714 |
| Gering | $1,093 | $1,490 | $2,587 | $3,892 | $4,525 |
| Harrisburg | $464 | $998 | $1,840 | $3,542 | $5,452 |
| Kimball | $789 | $1,430 | $3,026 | $5,131 | $6,388 |
| Pine Bluffs | $1,257 | $1,778 | $2,406 | $4,572 | $5,786 |
| Potter | $380 | $1,167 | $1,852 | $3,091 | $4,889 |
Source: Ownwell