Homer, Nebraska Property Taxes
The median property tax rate in Homer, Nebraska is 1.33%, notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $147,260 in Homer, the typical annual property tax bill amounts to $1,811, which is below the national median of $2,690. Property taxes in Homer are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By gaining a thorough understanding of Homer’s property tax system, exploring available exemptions, and finding opportunities for reductions, homeowners can achieve substantial annual savings. Whether you reside in the heart of Homer or elsewhere in Dakota County, a solid grasp of the local property tax structure can be highly advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Homer, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,959
Ownwell’s Homer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Homer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Homer 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 Homer, Nebraska
Property taxes in Homer, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Homer is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Homer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Homer 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 Homer's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68030 zip code has both the highest and lowest median property tax rate of 1.33%. Understanding how these areas compare with Homer provides valuable insights into the varying tax landscape across Dakota County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Homer Tax Rate
1.33%
Average Dakota County Tax Rate
1.91%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Homer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68030 | 1.14% | 1.15% | 1.33% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Homer, Nebraska
In Homer, 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 Dakota 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 Homer, 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 Homer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Homer is $1,811 in the 68030 zip code, while the lowest median tax bill is also $1,811 in the same zip code.
Average Homer Assessed Value
$147,260
Average Dakota County Assessed Value
$134,320
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Homer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68030 | $56,246 | $87,578 | $147,260 | $213,915 | $305,733 |
Source: Ownwell
Property Tax Bills Across Homer, Nebraska
In Homer, Dakota County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Homer, the median home price is $147,260. The tax bill varies significantly, with the 25th percentile at $1,043 and the 75th percentile reaching $2,581. The 90th percentile tax bill can be as high as $3,744. These figures indicate the range of what homeowners might expect to pay, influenced by factors such as property size, location, and improvements. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Homer to understand how their local rates and assessed values impact their finances. Staying informed about these factors can help homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Homer Tax Bill
$1,811
Average Dakota County Tax Bill
$2,267
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Homer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68030 | $638 | $1,043 | $1,811 | $2,581 | $3,744 |
Source: Ownwell