Eddyville, Nebraska Property Taxes
The median property tax rate in Eddyville, NE is 1.74%, slightly below the Nebraska state median of 1.75% but significantly higher than the national median of 0.99%. With a median home value of $88,155, the typical annual property tax bill in Eddyville reaches $1,573, which is lower than the national median of $2,690. Property taxes in Eddyville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Eddyville'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 Eddyville 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
Eddyville, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,534
Ownwell’s Eddyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eddyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eddyville 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 Eddyville, Nebraska
Property taxes in Eddyville, Nebraska, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Eddyville is 1.74%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Eddyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eddyville 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 Eddyville's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68834 has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these areas compare with Eddyville provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eddyville Tax Rate
1.74%
Average Dawson County Tax Rate
1.81%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eddyville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68834 | 1.41% | 1.42% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Eddyville, Nebraska
In Eddyville, 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 local 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 Eddyville, 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 Eddyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dawson County, the median home price is $88,155. The median tax bills range significantly, with the 25th percentile at $407 and the 90th percentile reaching $7,370. The zip code with the highest and lowest median tax bill is 68834, both at $1,573.
Average Eddyville Assessed Value
$88,155
Average Dawson County Assessed Value
$101,091
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eddyville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68834 | $7,328 | $23,790 | $88,155 | $270,435 | $518,221 |
Source: Ownwell
Property Tax Bills Across Eddyville, Nebraska
In Eddyville, located in Dawson County, NE, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of your property. This assessed value is then multiplied by the local property tax rate to determine your annual tax bill. For instance, if your home is assessed at the median home price of $88,155, the tax bill can vary significantly depending on where it falls within the percentile range. Factors such as property size, location, and improvements can influence the assessed value. In Eddyville, tax bills range from $407 at the 25th percentile to $7,370 at the 90th percentile, reflecting the variability in property values and the corresponding tax obligations. This variability affects homeowners by impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Eddyville can result in higher or lower tax bills, influencing affordability and long-term investment in property ownership.
Average Eddyville Tax Bill
$1,573
Average Dawson County Tax Bill
$1,900
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Eddyville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68834 | $113 | $407 | $1,573 | $3,877 | $7,370 |
Source: Ownwell