Auburn, Nebraska Property Taxes
The median property tax rate in Auburn, Nebraska is 1.87%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Auburn, the typical annual property tax bill reaches $1,522, which is below the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$1,687
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Nebraska
Property taxes in Auburn, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 1.87%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Nebraska and the national median. For comparison, the 68305 zip code has the highest median property tax rate of 1.87%, while the 68379 zip code has the lowest median tax rate of 1.53%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across Nemaha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
1.87%
Average Nemaha County Tax Rate
1.57%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68305 | 1.04% | 1.51% | 1.87% | 1.93% | 1.93% |
| 68379 | 1.53% | 1.53% | 1.53% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Nebraska
In Auburn, 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 Nemaha 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, in Nemaha County, the highest median tax bill is $5,391 in zip code 68379, while the lowest median tax bill is $1,522 in zip code 68305.
Average Auburn Assessed Value
$90,210
Average Nemaha County Assessed Value
$86,266
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68305 | $25,384 | $52,864 | $90,172 | $151,253 | $244,817 |
| 68379 | $351,653 | $351,653 | $351,653 | $351,653 | $351,653 |
Source: Ownwell
Property Tax Bills Across Auburn, Nebraska
In Auburn, located in Nemaha 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, who evaluates the property's market value. Auburn's property tax rate can significantly impact homeowners, with the tax bill varying widely across different percentiles. For example, the 25th percentile tax bill is $748, while the 75th percentile tax bill reaches $2,664. At the 90th percentile, homeowners can expect to pay as much as $4,212. These figures highlight the range of property tax burdens within the city. Comparatively, Auburn's property tax rate is influenced by various factors, including local government budgets and school funding requirements. Homeowners in Auburn should be aware of these variables, as they can affect their annual property tax obligations. Understanding these factors can help homeowners anticipate and manage their property tax bills more effectively.
Average Auburn Tax Bill
$1,522
Average Nemaha County Tax Bill
$1,413
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68305 | $352 | $747 | $1,522 | $2,660 | $4,204 |
| 68379 | $5,391 | $5,391 | $5,391 | $5,391 | $5,391 |
Source: Ownwell