North Bend, Nebraska Property Taxes
The median property tax rate in North Bend, NE is 1.45%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in North Bend being $129,961, the typical annual property tax bill is $1,899, falling below the national median of $2,690. Property taxes in North Bend are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding North Bend'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 North Bend 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
North Bend, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,884
Ownwell’s North Bend Property Tax Bill Calculator assists homeowners, real estate investors, and potential owners in estimating their annual property taxes in North Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Bend 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 North Bend, Nebraska
Property taxes in North Bend, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Bend is 1.45%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within North Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Bend 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 North Bend's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68649 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with North Bend provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Bend Tax Rate
1.45%
Average Dodge County Tax Rate
1.79%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Bend, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68649 | 1.11% | 1.12% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across North Bend, Nebraska
In North Bend, 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 Dodge 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 North Bend, 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 North Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1899 in zip code 68649, while the lowest median tax bill is also $1899 in the same zip code.
Average North Bend Assessed Value
$129,961
Average Dodge County Assessed Value
$133,688
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Bend, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68649 | $1,779 | $64,528 | $129,961 | $246,164 | $409,959 |
Source: Ownwell
Property Tax Bills Across North Bend, Nebraska
Property tax bills in North Bend, located in Dodge County, NE, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors who evaluate the property’s market value and apply a specific assessment ratio. In North Bend, the median home price stands at $129,961. Homeowners in this city can expect their tax bills to vary significantly depending on their property's assessed value. For instance, tax bills in the 25th percentile are around $1,137, while those in the 75th percentile reach up to $3,233. The highest tax bills, in the 90th percentile, can go as high as $5,109. These figures highlight the range of property tax obligations homeowners might face. Notably, the median property tax rate in North Bend is competitive compared to the national median rate of 0.99%. Understanding these factors helps homeowners in North Bend anticipate their annual property tax expenses and plan their finances accordingly.
Average North Bend Tax Bill
$1,899
Average Dodge County Tax Bill
$2,379
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across North Bend, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68649 | $344 | $1,137 | $1,899 | $3,233 | $5,109 |
Source: Ownwell