Gordon, Nebraska Property Taxes
The median property tax rate in Gordon, NE is 0.91%, which is lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Gordon at $328,950, the typical annual property tax bill reaches $3,171, surpassing the national median of $2,690. Property taxes in Gordon 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 Gordon'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 Gordon 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
Gordon, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,993
Ownwell’s Gordon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordon 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 Gordon, Nebraska
Property taxes in Gordon, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 1.29%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordon 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 Gordon's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69343 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Gordon provides valuable insights into the varying tax landscape across Sheridan, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
0.91%
Average Cherry County Tax Rate
0.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | 0.77% | 0.85% | 0.91% | 1.17% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Nebraska
In Gordon, 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 Cherry County Assessor 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 Gordon, 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 Gordon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $328,950, with tax bills ranging from $1,746 at the 25th percentile to $6,484 at the 90th percentile.
Average Gordon Assessed Value
$328,950
Average Cherry County Assessed Value
$139,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | $101,300 | $186,537 | $328,950 | $519,457 | $677,418 |
Source: Ownwell
Property Tax Bills Across Gordon, Nebraska
In Gordon, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The median home price in Gordon is $328,950, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Gordon see a range of tax bills, with the 25th percentile at $1,746 and the 75th percentile at $4,522. Those at the 90th percentile can expect to pay around $6,484. The highest and lowest median tax bills in the area are both $3,171, found in the zip code 69343. Compared to the national median property tax rate of 0.99%, Gordon's tax rates can significantly impact homeowners, making it crucial for them to understand their property assessments and potential tax obligations. This variability in tax bills highlights the importance of accurate property assessments and the potential benefits of appealing incorrect valuations.
Average Gordon Tax Bill
$3,171
Average Cherry County Tax Bill
$1,288
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | $1,268 | $1,746 | $3,171 | $4,522 | $6,484 |
Source: Ownwell