Barneston, Nebraska Property Taxes
The median property tax rate in Barneston, Nebraska is 1.61%, which is significantly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Barneston at $14,981, the typical annual property tax bill amounts to $241, which is well below the national median of $2,690. Property taxes in Barneston are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Barneston's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you reside in the heart of Barneston or another part of the region, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Barneston, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$241
Ownwell’s Barneston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barneston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barneston 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 Barneston, Nebraska
Property taxes in Barneston, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barneston is 1.61%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Barneston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barneston 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 Barneston's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68309 has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Barneston provides valuable insights into the varying tax landscape across Gage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barneston Tax Rate
1.61%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barneston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68309 | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Barneston, Nebraska
In Barneston, 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 Jefferson 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 Barneston, 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 Barneston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68309 has the highest and lowest median tax bill at $241.
Average Barneston Assessed Value
$14,981
Average Jefferson County Assessed Value
$68,781
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barneston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68309 | $14,981 | $14,981 | $14,981 | $14,981 | $14,981 |
Source: Ownwell
Property Tax Bills Across Barneston, Nebraska
In Barneston, Jefferson County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Barneston, the median home price is $14,981, and the property tax rate is consistent, resulting in a median tax bill of $241. This tax bill is the same across the 25th, 75th, and 90th percentiles, highlighting a uniformity in tax assessments within the area. This consistency in property tax bills means that homeowners in Barneston can expect predictable annual expenses, making it easier to budget for property-related costs. Compared to the national median property tax rate of 0.99%, the property tax rate in Barneston is relatively low, providing financial relief to homeowners. This stability and affordability in property taxes can make Barneston an attractive place for potential homebuyers looking for predictable and manageable property-related expenses.
Average Barneston Tax Bill
$241
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Barneston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68309 | $241 | $241 | $241 | $241 | $241 |
Source: Ownwell