Johnson, Nebraska Property Taxes
The median property tax rate in Johnson, NE is 1.44%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Johnson, the typical annual property tax bill reaches $1,498, which is below the national median of $2,690. Property taxes in Johnson 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 Johnson'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 Johnson 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
Johnson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,722
Ownwell’s Johnson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson 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 Johnson, Nebraska
Property taxes in Johnson, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson is 1.44%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson 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 Johnson's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68378 zip code has the highest median property tax rate of 1.44%, while the lowest median tax rate is also 1.44%. Understanding how these cities compare with Johnson 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 Johnson Tax Rate
1.44%
Average Nemaha County Tax Rate
1.57%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68378 | 1.03% | 1.04% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Johnson, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Johnson, Nebraska. 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 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. 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. In Johnson, the median home price is $119,564. The annual property tax bill ranges significantly, with the 25th percentile at $863 and the 90th percentile reaching up to $4,144. The zip code with the highest median tax bill is 68378, amounting to $1,498. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnson Assessed Value
$119,564
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 Johnson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68378 | $31,277 | $64,449 | $119,564 | $226,946 | $376,722 |
Source: Ownwell
Property Tax Bills Across Johnson, Nebraska
In Johnson, located in Nemaha County, NE, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local assessor’s office and is intended to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors considered in determining the assessed value include the property's size, location, and condition. For example, homes in Johnson with a median home price of $119,564 can expect varying tax bills. Homeowners in the 25th percentile might pay around $863 annually, while those in the 75th percentile could see bills as high as $2,821. In some cases, tax bills can reach up to $4,144 for properties in the 90th percentile. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and public safety. Comparing to the national median property tax rate of 0.99%, Johnson’s rates reflect the local economic conditions and funding needs.
Average Johnson Tax Bill
$1,498
Average Nemaha County Tax Bill
$1,413
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68378 | $400 | $863 | $1,498 | $2,821 | $4,144 |
Source: Ownwell