Davenport, Nebraska Property Taxes
The median property tax rate in Davenport, NE is 0.81%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Davenport at $298,058, the typical annual property tax bill amounts to $2,415, falling below the national median of $2,690. Property taxes in Davenport are calculated based on the assessed value, which often comes in lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Davenport'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 Davenport 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
Davenport, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,414
Ownwell’s Davenport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davenport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davenport 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 Davenport, Nebraska
Property taxes in Davenport, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 0.81%, lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davenport 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 Davenport's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68335 zip code has the highest median property tax rate of 0.81%, while the 68335 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Davenport provides valuable insights into the varying tax landscape across Nuckolls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davenport Tax Rate
0.81%
Average Nuckolls County Tax Rate
1.58%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davenport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68335 | 0.80% | 0.80% | 0.81% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Davenport, Nebraska
In Davenport, 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 Nuckolls 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 Davenport, 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 Davenport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Davenport is $298,058, with tax bills ranging from $1,117 at the 25th percentile to $8,058 at the 90th percentile. The highest and lowest median tax bill is $2,415 in the 68335 zip code.
Average Davenport Assessed Value
$298,058
Average Nuckolls County Assessed Value
$44,235
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davenport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68335 | $103,575 | $136,994 | $298,058 | $761,996 | $1,003,955 |
Source: Ownwell
Property Tax Bills Across Davenport, Nebraska
In Davenport, located in Nuckolls County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, determined by the county assessor. Factors such as location, property size, and home improvements can influence this assessed value. The median home price in Davenport is $298,058, and property tax rates are applied to this assessed value to determine the annual tax bill. For example, the tax bill at the 25th percentile is $1,117, while at the 75th percentile, it rises to $6,122. The highest median tax bill recorded in the area is $2,415, which is significantly lower than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Davenport Tax Bill
$2,415
Average Nuckolls County Tax Bill
$697
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Davenport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68335 | $846 | $1,117 | $2,415 | $6,122 | $8,058 |
Source: Ownwell