Burchard, Nebraska Property Taxes
The median property tax rate in Burchard, NE is 1.24%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $137,170 in Burchard, the typical annual property tax bill amounts to $1,776, which is below the national median of $2,690. Property taxes in Burchard are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Burchard'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 Burchard or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burchard, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,701
Ownwell’s Burchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burchard 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 Burchard, Nebraska
Property taxes in Burchard, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burchard is 1.24%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Burchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burchard 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 Burchard's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68323 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Burchard provides valuable insights into the varying tax landscape across Pawnee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burchard Tax Rate
1.24%
Average Pawnee County Tax Rate
1.35%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68323 | 1.05% | 1.08% | 1.24% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Burchard, Nebraska
In Burchard, 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 Pawnee 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 Burchard, 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 Burchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68323 has both the highest and lowest median tax bill, with a median bill of $1,776.
Average Burchard Assessed Value
$137,170
Average Pawnee County Assessed Value
$62,218
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68323 | $2,538 | $17,491 | $137,170 | $418,212 | $609,215 |
Source: Ownwell
Property Tax Bills Across Burchard, Nebraska
In Burchard, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. For homeowners in Burchard, the median home price stands at $137,170. Property taxes are then applied to this assessed value using the local tax rate. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the tax bill for the 25th percentile is $274, while it rises significantly to $4,788 for the 75th percentile and reaches $6,483 for the 90th percentile. These figures highlight the range of tax burdens homeowners may face. Compared to the national median property tax rate of 0.99%, Burchard's tax rates can vary widely, affecting homeowners differently depending on their property's assessed value and any qualifying exemptions. This variability can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are determined.
Average Burchard Tax Bill
$1,776
Average Pawnee County Tax Bill
$947
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Burchard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68323 | $35 | $274 | $1,776 | $4,788 | $6,483 |
Source: Ownwell