Davenport, Nebraska Property Taxes
The median property tax rate in Davenport, NE is 1.14%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $182,105, the typical annual property tax bill in Davenport is $2,067, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Davenport'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 Davenport or another part of Fillmore County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davenport, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,076
Ownwell’s Davenport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davenport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davenport 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 Davenport, Nebraska
Property taxes in Davenport, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 1.14%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davenport 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 Davenport's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68335 zip code has the highest median property tax rate of 1.14%, while the 68335 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Davenport provides valuable insights into the varying tax landscape across Fillmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davenport Tax Rate
1.14%
Average Fillmore County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davenport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68335 | 1.12% | 1.13% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Davenport, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Davenport, Nebraska. 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 Fillmore 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 Davenport, 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. For instance, the highest median tax bill in the area is $2,067 in zip code 68335. 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 Davenport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Davenport Assessed Value
$182,105
Average Fillmore County Assessed Value
$93,580
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davenport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68335 | $30,727 | $37,855 | $182,105 | $243,700 | $697,498 |
Source: Ownwell
Property Tax Bills Across Davenport, Nebraska
In Davenport, located in Fillmore County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the total tax bill. Several factors influence the final tax bill, including property size, location, and improvements made to the home. Homeowners in Davenport can expect varying tax bills, with the 25th percentile at $429 and the 75th percentile reaching $2,768. The tax bill for the 90th percentile can be as high as $7,802, reflecting differences in property values and assessed rates. Compared to the national median property tax rate of 0.99%, Davenport's rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Davenport Tax Bill
$2,067
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Davenport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68335 | $348 | $429 | $2,067 | $2,768 | $7,802 |
Source: Ownwell