Creighton, Nebraska Property Taxes
The median property tax rate in Creighton, NE is 1.66%, which is considerably higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With a median home value of $68,258 in Creighton, the typical annual property tax bill reaches $969, still below the national median of $2,690. Property taxes in Creighton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Creighton'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 Creighton 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
Creighton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$1,133
Ownwell’s Creighton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creighton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creighton 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 Creighton, Nebraska
Property taxes in Creighton, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Creighton is 1.66%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Creighton set these rates annually, and they can vary across different neighborhoods. Each year, Creighton 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 Creighton's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68729 has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Creighton provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Creighton Tax Rate
1.66%
Average Knox County Tax Rate
1.28%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creighton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68729 | 0.81% | 1.19% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Creighton, Nebraska
In Creighton, 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 Knox 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 Creighton, 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 Creighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68729, with a median tax bill of $969.00, while the lowest median tax bill also falls in the same zip code at $969.00.
Average Creighton Assessed Value
$68,258
Average Knox County Assessed Value
$96,140
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Creighton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68729 | $15,392 | $32,061 | $68,258 | $131,155 | $388,993 |
Source: Ownwell
Property Tax Bills Across Creighton, Nebraska
In Creighton, Knox County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Creighton face a median property tax rate that is notably lower than the national median of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Creighton is $68,258, resulting in a range of tax bills. The 25th percentile tax bill is $367, while the 75th percentile reaches $1,927, and the 90th percentile can go up to $4,829. The highest and lowest median tax bills both stand at $969 in the zip code 68729, indicating some uniformity in tax assessments. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby enhancing community quality of life.
Average Creighton Tax Bill
$969
Average Knox County Tax Bill
$1,362
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Creighton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68729 | $95 | $367 | $969 | $1,927 | $4,829 |
Source: Ownwell