Lyons, Nebraska Property Taxes
The median property tax rate in Lyons, NE is 2.35%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Lyons, the typical annual property tax bill reaches $1,715, exceeding the national median of $2,690. Property taxes in Lyons 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 Lyons'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 Lyons 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
Lyons, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$1,826
Ownwell’s Lyons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyons 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 Lyons, Nebraska
Property taxes in Lyons, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 2.35%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons' effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68038 zip code has the highest median property tax rate of 2.35%, while the same zip code also has the lowest median tax rate of 2.35%. Understanding how these cities compare with Lyons provides valuable insights into the varying tax landscape across Burt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyons Tax Rate
2.35%
Average Burt County Tax Rate
2.13%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68038 | 1.48% | 1.60% | 2.35% | 2.35% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Nebraska
In Lyons, 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 Burt County Assessor's Office 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 Lyons, 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. For example, the highest median tax bill in Lyons is $1,715 in zip code 68038, while the lowest median tax bill is also $1,715 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lyons Assessed Value
$77,686
Average Burt County Assessed Value
$83,382
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyons, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68038 | $23,260 | $41,084 | $77,686 | $155,353 | $407,513 |
Source: Ownwell
Property Tax Bills Across Lyons, Nebraska
In Lyons, located in Burt County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local county assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Lyons is $77,686, and homeowners in this area can expect to pay varying amounts in property taxes depending on their property's assessed value and specific circumstances. For instance, homeowners at the 25th percentile of tax bills pay around $850 annually, while those at the 75th percentile face a significantly higher bill of approximately $3,138. The top 10% of property tax bills can reach up to $6,432. These figures highlight the disparity in tax burdens among homeowners, influenced by factors such as property size, location, and improvements. With a median tax bill of $1,715, Lyons homeowners experience a tax rate that is competitive when compared to the national median property tax rate of 0.99%. This ensures that local services and infrastructure are adequately funded, directly impacting the community's overall quality of life.
Average Lyons Tax Bill
$1,715
Average Burt County Tax Bill
$1,641
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68038 | $471 | $850 | $1,715 | $3,138 | $6,432 |
Source: Ownwell