Dannebrog, Nebraska Property Taxes
The median property tax rate in Dannebrog, NE is 1.29%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $150,678 in Dannebrog, the typical annual property tax bill amounts to $2,096, which is below the national median of $2,690. Property taxes in Dannebrog are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Dannebrog'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 Dannebrog or another part of Howard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dannebrog, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,944
Ownwell’s Dannebrog Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dannebrog with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dannebrog 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 Dannebrog, Nebraska
Property taxes in Dannebrog, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dannebrog is 1.25%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Dannebrog set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dannebrog 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 Dannebrog's effective property tax rate to other counties in Nebraska and the national median. For comparison, the highest median property tax rate in Howard County is 1.25%, while the lowest median tax rate is also 1.25%. Understanding how these cities compare with Dannebrog provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dannebrog Tax Rate
1.29%
Average Howard County Tax Rate
1.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dannebrog, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68831 | 1.24% | 1.27% | 1.29% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Dannebrog, Nebraska
In Dannebrog, 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 Howard 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 Dannebrog, 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. For instance, the zip code 68831 has the highest and the lowest median tax bill at $2,096. Being aware of these valuation processes in Dannebrog helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dannebrog Assessed Value
$150,678
Average Howard County Assessed Value
$166,027
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dannebrog, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68831 | $31,467 | $72,472 | $150,678 | $301,597 | $512,468 |
Source: Ownwell
Property Tax Bills Across Dannebrog, Nebraska
In Dannebrog, property tax bills are calculated based on the assessed value of a home, which is determined by the Howard County Assessor's Office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Dannebrog, the median home price is $150,678. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,144 and the 75th percentile reaching $3,867. The highest median tax bill recorded in the area is $2,096, with the same figure representing the lowest median tax bill, indicating a consistent tax rate across different properties. These tax bills directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, the property tax rates in Dannebrog may seem relatively moderate or high depending on individual property assessments and local tax levies. Understanding these factors is crucial for homeowners to manage their budgets and plan for future expenses.
Average Dannebrog Tax Bill
$2,096
Average Howard County Tax Bill
$2,390
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dannebrog, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68831 | $477 | $1,144 | $2,096 | $3,867 | $6,574 |
Source: Ownwell