Otoe County Property Taxes
The median property tax rate in Otoe County is 1.92%, which is significantly higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $121,530 in Otoe County, the typical annual property tax bill is $2,328, slightly below the national median of $2,690. Property taxes in Otoe County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural land. Understanding Otoe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Nebraska City or another part of Otoe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Otoe County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$2,333
-$24,454
Ownwell’s Otoe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Otoe County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Otoe County to estimate your property tax bill. This tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Otoe County, Nebraska
Property taxes in Otoe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Otoe County is 1.92%, which is higher than the U.S. national median of 0.99%. Local government entities within Otoe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Otoe County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Otoe has one of the higher property tax rates in Nebraska at 2.51%, while the city of Avoca boasts one of the lowest at 1.44%. Analyzing how Otoe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Otoe County Tax Rate
1.92%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Otoe County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | 1.47% | 1.48% | 1.58% | 1.70% | 1.70% |
| Avoca | 1.27% | 1.42% | 1.44% | 1.44% | 1.44% |
| Bennet | 1.62% | 1.66% | 1.70% | 1.70% | 1.70% |
| Burr | 1.43% | 1.44% | 1.47% | 1.92% | 1.92% |
| Cook | 1.45% | 1.45% | 1.46% | 1.47% | 1.47% |
| Douglas | 1.45% | 1.48% | 1.70% | 2.31% | 2.53% |
| Dunbar | 1.40% | 1.42% | 1.65% | 1.69% | 1.69% |
| Eagle | 1.60% | 1.60% | 1.61% | 1.61% | 1.70% |
| Julian | 0.80% | 1.19% | 1.65% | 1.65% | 1.65% |
| Lorton | 1.46% | 1.47% | 1.47% | 1.47% | 1.47% |
| Nebraska City | 1.64% | 2.13% | 2.13% | 2.13% | 2.13% |
| Nehawka | 1.47% | 1.48% | 1.49% | 1.49% | 1.68% |
| Otoe | 1.42% | 1.44% | 2.51% | 2.51% | 2.51% |
| Palmyra | 1.62% | 1.70% | 1.70% | 2.02% | 2.02% |
| Peru | 1.64% | 1.64% | 1.64% | 1.65% | 1.65% |
| Sterling | 1.46% | 1.46% | 1.46% | 1.53% | 1.58% |
| Syracuse | 1.42% | 1.44% | 1.92% | 1.92% | 1.92% |
| Talmage | 1.45% | 1.46% | 1.89% | 1.89% | 1.89% |
| Tecumseh | 1.92% | 1.92% | 1.92% | 1.92% | 1.92% |
| Unadilla | 1.44% | 1.45% | 1.65% | 2.07% | 2.07% |
| Union | 0.56% | 1.63% | 1.64% | 1.65% | 1.65% |
| Walton | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Otoe County, Nebraska
In Otoe County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Otoe County Appraisal District. The assessed value, however, 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 Otoe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Otoe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Otoe County, the city with the highest median tax bill is Peru, with an annual tax bill of $8,363, while Tecumseh has the lowest median tax bill at $368. By understanding these differences, property owners can better anticipate their tax obligations.
Average Otoe County Assessed Value
$121,530
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Otoe County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $160,084 | $202,850 | $278,174 | $359,343 | $503,876 |
| Avoca | $137,516 | $183,708 | $253,798 | $394,978 | $492,123 |
| Bennet | $142,524 | $176,535 | $223,870 | $313,540 | $555,284 |
| Burr | $18,642 | $41,282 | $125,516 | $275,057 | $554,743 |
| Cook | $166,723 | $224,742 | $375,740 | $536,282 | $725,434 |
| Douglas | $12,560 | $43,275 | $105,300 | $233,598 | $408,593 |
| Dunbar | $13,600 | $43,180 | $108,775 | $280,608 | $584,320 |
| Eagle | $199,538 | $255,448 | $331,120 | $392,800 | $487,388 |
| Julian | $143,446 | $174,422 | $238,245 | $312,743 | $467,091 |
| Lorton | $2,676 | $7,482 | $29,230 | $42,820 | $62,091 |
| Nebraska City | $24,924 | $50,050 | $100,562 | $166,854 | $271,732 |
| Nehawka | $165,051 | $179,620 | $314,900 | $574,729 | $719,200 |
| Otoe | $7,156 | $20,870 | $48,410 | $189,742 | $338,042 |
| Palmyra | $57,701 | $114,252 | $184,685 | $278,055 | $388,010 |
| Peru | $168,351 | $215,416 | $509,750 | $617,334 | $618,556 |
| Sterling | $180,514 | $224,696 | $298,332 | $476,796 | $583,874 |
| Syracuse | $42,097 | $89,506 | $141,805 | $217,230 | $348,923 |
| Talmage | $6,284 | $16,688 | $45,495 | $182,178 | $517,577 |
| Tecumseh | $19,140 | $19,140 | $19,140 | $19,140 | $19,140 |
| Unadilla | $44,674 | $90,592 | $139,100 | $255,070 | $396,452 |
| Union | $58,139 | $135,568 | $216,866 | $400,999 | $488,341 |
| Walton | $288,356 | $402,440 | $492,700 | $507,912 | $558,773 |
Source: Ownwell
Property Tax Bills Across Otoe County, Nebraska
In Otoe County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by county assessors. Factors such as property size, location, and improvements can influence this assessed value. The local tax rate is set by various taxing authorities, including school districts, municipalities, and other local entities. Homeowners in Otoe County experience a wide range of tax bills. For instance, the median home price is $121,530, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,028, while those at the 75th percentile could see bills as high as $3,923. At the 90th percentile, tax bills can reach $5,876. These figures contrast with the national median property tax rate of 0.99%, indicating that tax burdens in Otoe County can be quite variable. This variability underscores the importance of understanding local property tax dynamics for homeowners.
Average Otoe County Tax Bill
$2,328
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Otoe County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $2,162 | $2,909 | $4,409 | $5,698 | $8,279 |
| Avoca | $1,827 | $2,513 | $3,640 | $5,454 | $7,019 |
| Bennet | $2,419 | $2,999 | $3,797 | $5,160 | $9,206 |
| Burr | $388 | $790 | $2,109 | $4,167 | $8,048 |
| Cook | $2,418 | $3,310 | $5,477 | $7,855 | $10,606 |
| Douglas | $141 | $774 | $2,016 | $3,595 | $6,384 |
| Dunbar | $165 | $541 | $1,603 | $4,278 | $8,445 |
| Eagle | $3,039 | $4,153 | $5,295 | $6,249 | $7,867 |
| Julian | $1,649 | $2,231 | $3,039 | $4,086 | $7,096 |
| Lorton | $20 | $110 | $421 | $605 | $797 |
| Nebraska City | $332 | $930 | $2,034 | $3,394 | $5,020 |
| Nehawka | $2,552 | $2,940 | $4,089 | $8,480 | $10,609 |
| Otoe | $102 | $480 | $1,120 | $2,893 | $4,752 |
| Palmyra | $875 | $2,169 | $3,319 | $4,792 | $6,442 |
| Peru | $2,784 | $3,531 | $8,363 | $10,121 | $10,194 |
| Sterling | $2,633 | $3,274 | $4,343 | $7,427 | $9,277 |
| Syracuse | $562 | $1,404 | $2,491 | $3,654 | $5,412 |
| Talmage | $89 | $292 | $747 | $2,859 | $7,314 |
| Tecumseh | $368 | $368 | $368 | $368 | $368 |
| Unadilla | $769 | $1,671 | $2,420 | $4,025 | $6,570 |
| Union | $504 | $1,134 | $3,541 | $5,180 | $8,005 |
| Walton | $4,610 | $6,434 | $7,877 | $8,120 | $8,933 |
Source: Ownwell