Dwight, Nebraska Property Taxes
The median property tax rate in Dwight, NE is 1.07%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $137,228 in Dwight, the typical annual property tax bill is $1,936, which is below the national median of $2,690. Property taxes in Dwight are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Dwight's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether residing in Dwight or elsewhere in Butler County, gaining a thorough understanding of the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Dwight, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,468
Ownwell’s Dwight Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dwight with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dwight 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 Dwight, Nebraska
Property taxes in Dwight, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dwight is 1.07%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Dwight set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dwight 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 Dwight's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68635 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Dwight provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dwight Tax Rate
1.07%
Average Butler County Tax Rate
1.49%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dwight, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68635 | 1.04% | 1.06% | 1.07% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Dwight, Nebraska
In Dwight, 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 Butler 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 Dwight, 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 Dwight helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dwight is $1936 in the 68635 zip code, while the lowest median tax bill is also $1936 in the same zip code.
Average Dwight Assessed Value
$137,228
Average Butler County Assessed Value
$140,672
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dwight, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68635 | $28,028 | $78,432 | $137,228 | $308,259 | $893,606 |
Source: Ownwell
Property Tax Bills Across Dwight, Nebraska
In Dwight, NE, located in Butler County, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Homeowners in Dwight can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,086, while the 75th percentile tax bill reaches approximately $4,007. The top 10% of tax bills can be as high as $9,408. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Dwight should note that the median home price is $137,228, which can give a rough idea of what to expect in terms of property tax. Compared to the national median property tax rate of 0.99%, the property taxes in Dwight can vary widely, impacting homeowners differently based on their property's assessed value and the specific tax rate applied.
Average Dwight Tax Bill
$1,936
Average Butler County Tax Bill
$1,858
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dwight, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68635 | $311 | $1,086 | $1,936 | $4,007 | $9,408 |
Source: Ownwell