Dunbar, Nebraska Property Taxes
The median property tax rate in Dunbar, NE is 1.65%, which is higher than the national median of 0.99% but slightly lower than the Nebraska state median of 1.75%. With the median home value in Dunbar at $108,775, the typical annual property tax bill amounts to $1,603, which is below the national median of $2,690. Property taxes in Dunbar are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dunbar'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 Dunbar or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunbar, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,795
Ownwell’s Dunbar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunbar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunbar 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 Dunbar, Nebraska
Property taxes in Dunbar, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunbar is 1.65%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Dunbar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunbar 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 Dunbar's effective property tax rate to other counties in Nebraska and the national median. For comparison, the ZIP code 68346 has the highest median property tax rate of 1.64%, while the same ZIP code has the lowest median tax rate of 1.64%. Understanding how these cities compare with Dunbar provides valuable insights into the varying tax landscape across Otoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunbar Tax Rate
1.65%
Average Otoe County Tax Rate
1.92%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunbar, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68346 | 1.40% | 1.42% | 1.64% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Dunbar, Nebraska
In Dunbar, 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 Otoe 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. In Dunbar, 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. For instance, the median home price in Dunbar is $108,775, with tax bills ranging from $541 at the 25th percentile to $8,445 at the 90th percentile. The highest and lowest median tax bills are both $1,664, found in the 68346 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunbar Assessed Value
$108,775
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 Dunbar, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68346 | $17,915 | $47,285 | $114,405 | $282,052 | $585,870 |
Source: Ownwell
Property Tax Bills Across Dunbar, Nebraska
In Dunbar, located in Otoe 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 and is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $108,775, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any improvements made to the home. For example, the tax bill at the 25th percentile is $541, while at the 75th percentile, it rises significantly to $4,278, and at the 90th percentile, it can reach up to $8,445. These variations impact homeowners differently, potentially affecting their financial planning and long-term investment in their property. Comparing these figures to the national median property tax rate of 0.99%, it's clear that property taxes in Dunbar can be quite variable, reflecting the diverse property values and local tax policies.
Average Dunbar Tax Bill
$1,603
Average Otoe County Tax Bill
$2,328
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunbar, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68346 | $181 | $656 | $1,664 | $4,319 | $8,470 |
Source: Ownwell