Deweese, Nebraska Property Taxes
The median property tax rate in Deweese, NE is 1.09%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $249,300 in Deweese, the typical annual property tax bill is $2,702, just above the national median of $2,690. Property taxes in Deweese are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Deweese’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 Deweese or another part of Nuckolls County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deweese, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,717
Ownwell’s Deweese Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deweese with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deweese 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 Deweese, Nebraska
Property taxes in Deweese, Nebraska, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Deweese is 1.09%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Deweese set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deweese 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 Deweese's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68934 zip code has both the highest and lowest median property tax rate of 1.09%. Understanding how these cities compare with Deweese 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 Deweese Tax Rate
1.09%
Average Nuckolls County Tax Rate
1.58%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deweese, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68934 | 1.08% | 1.08% | 1.09% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Deweese, Nebraska
In Deweese, 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 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 in Deweese 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 Deweese helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 68934, both valued at $2702.
Average Deweese Assessed Value
$249,300
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 Deweese, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68934 | $58,460 | $118,442 | $249,300 | $356,340 | $399,640 |
Source: Ownwell
Property Tax Bills Across Deweese, Nebraska
In Deweese, located in Nuckolls County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Deweese is $249,300. Homeowners can expect their property tax bills to vary significantly based on several factors, including the assessed value of their property and the specific tax rate applied by local authorities. The 25th percentile tax bill is around $1,299, while the 75th percentile tax bill can reach up to $3,866, with the 90th percentile hitting $4,354. This variance highlights how different factors such as property location, improvements, and changes in local tax rates can impact the final tax amount. The highest and lowest median tax bills in the area both stand at $2,702 in the 68934 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Deweese may find their tax burdens to be relatively moderate, but still a significant consideration in their overall financial planning.
Average Deweese Tax Bill
$2,702
Average Nuckolls County Tax Bill
$697
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Deweese, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68934 | $641 | $1,299 | $2,702 | $3,866 | $4,354 |
Source: Ownwell