Purdum, Nebraska Property Taxes
The median property tax rate in Purdum, NE is 1.00%, slightly higher than the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With the median home value in Purdum at $771,130, the typical annual property tax bill reaches $7,715, far exceeding the national median of $2,690. Property taxes in Purdum are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Purdum'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 Purdum 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
Purdum, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$7,711
Ownwell’s Purdum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purdum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purdum 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 Purdum, Nebraska
Property taxes in Purdum, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purdum is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Purdum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purdum 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 Purdum's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69157 has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Purdum provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Purdum Tax Rate
1.00%
Average Brown County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purdum, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69157 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Purdum, Nebraska
In Purdum, 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 Brown County 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 Purdum, 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 Purdum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $7,715, found in zip code 69157.
Average Purdum Assessed Value
$771,130
Average Brown County Assessed Value
$87,245
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Purdum, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69157 | $771,130 | $771,130 | $771,130 | $771,130 | $771,130 |
Source: Ownwell
Property Tax Bills Across Purdum, Nebraska
In Purdum, located in Brown County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the home's market value, determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $771,130, homeowners in Purdum face a median property tax bill of $7,715, reflecting a local tax rate of approximately 1.00%. This rate is slightly above the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's location, size, and condition. High property taxes can significantly impact homeowners by increasing the overall cost of homeownership. Understanding how these taxes are calculated can help homeowners budget more effectively and potentially explore options for appealing their assessed value if they believe it is too high.
Average Purdum Tax Bill
$7,715
Average Brown County Tax Bill
$1,181
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Purdum, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69157 | $7,715 | $7,715 | $7,715 | $7,715 | $7,715 |
Source: Ownwell