Johnstown, Nebraska Property Taxes
The median property tax rate in Johnstown, NE is 0.90%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Johnstown at $94,168, the typical annual property tax bill amounts to $846, significantly below the national median of $2,690. Property taxes in Johnstown are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Johnstown'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 Johnstown 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
Johnstown, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$848
Ownwell’s Johnstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnstown 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 Johnstown, Nebraska
Property taxes in Johnstown, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnstown is 0.90%, which is lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Johnstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnstown 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 Johnstown's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69214 zip code has the highest median property tax rate of 0.90%, while the 69214 zip code has the lowest median tax rate of 0.90%. Understanding how these cities compare with Johnstown provides valuable insights into the varying tax landscape across Cherry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnstown Tax Rate
0.90%
Average Cherry County Tax Rate
0.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnstown, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69214 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Johnstown, Nebraska
In Johnstown, 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 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 Johnstown, 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 Johnstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Johnstown, the highest and lowest median tax bills are both $846, found in the zip code 69214.
Average Johnstown Assessed Value
$94,168
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 Johnstown, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69214 | $65,978 | $76,550 | $94,168 | $158,346 | $196,854 |
Source: Ownwell
Property Tax Bills Across Johnstown, Nebraska
In Johnstown, Cherry County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Johnstown is $94,168, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For homeowners in Johnstown, the 25th percentile tax bill is $688, while the 75th percentile reaches $1,423. At the 90th percentile, homeowners can expect a tax bill around $1,770. These figures illustrate the range of property tax burdens within the community. Comparatively, the median property tax rate in Johnstown aligns closely with the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Johnstown Tax Bill
$846
Average Cherry County Tax Bill
$1,288
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnstown, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69214 | $593 | $688 | $846 | $1,423 | $1,770 |
Source: Ownwell