Sutherland, Nebraska Property Taxes
The median property tax rate in Sutherland, NE is 1.90%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $125,420 in Sutherland, the typical annual property tax bill is $2,180, which is below the national median of $2,690. Property taxes in Sutherland are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sutherland'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 Sutherland or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sutherland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$2,383
Ownwell’s Sutherland Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sutherland. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sutherland to provide an accurate estimate of your property tax bill. This tool offers crucial insights into potential tax liabilities, helping you plan your finances more effectively. For those interested in more detailed information, localized trends are available further down the page. The assessed value of your property is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Sutherland, Nebraska
Property taxes in Sutherland, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sutherland is 1.90%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Sutherland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutherland 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 Sutherland's effective property tax rate to other regions in Nebraska and the national median. For comparison, the zip code 69165 has the same median property tax rate of 1.90%, highlighting a uniform tax landscape within Lincoln County. Understanding how these areas compare with Sutherland provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sutherland Tax Rate
1.90%
Average Lincoln County Tax Rate
1.93%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | 1.41% | 1.42% | 1.90% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Sutherland, Nebraska
In Sutherland, 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 Lincoln 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 Sutherland, 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. The median home price in Sutherland is $125,420, with tax bills ranging from $1,089 at the 25th percentile to $5,046 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sutherland Assessed Value
$125,420
Average Lincoln County Assessed Value
$120,701
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | $29,075 | $71,711 | $125,420 | $197,141 | $292,478 |
Source: Ownwell
Property Tax Bills Across Sutherland, Nebraska
In Sutherland, located in Lincoln 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 is intended to reflect the market value of the property. Homeowners in Sutherland face a median property tax rate of 0.99%, which aligns with the national median. Several factors influence the final tax bill, including the property's assessed value, local tax levies, and any applicable exemptions. For example, a median home priced at $125,420 would result in an annual tax bill of approximately $1,239. However, tax bills can vary widely; the 25th percentile tax bill is $1,089, while the 75th percentile reaches $3,334, and the 90th percentile can soar to $5,046. These tax bills directly impact homeowners' finances, influencing their annual budgeting and long-term financial planning. High property taxes can deter potential buyers, affect resale values, and place a significant burden on current homeowners.
Average Sutherland Tax Bill
$2,180
Average Lincoln County Tax Bill
$2,112
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | $330 | $1,089 | $2,180 | $3,334 | $5,046 |
Source: Ownwell