Du Bois, Nebraska Property Taxes
The median property tax rate in DU BOIS, NE is 1.69%, which is considerably higher than the national median of 0.99%, yet slightly below the Nebraska state median of 1.75%. With the median home value in DU BOIS at $41,618, the typical annual property tax bill reaches $658, falling short of the national median of $2,690. Property taxes in DU BOIS are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DU BOIS'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 DU BOIS 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
Du Bois, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$703
Ownwell’s DU BOIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DU BOIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DU BOIS 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 Du Bois, Nebraska
Property taxes in Du Bois, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Du Bois is 1.69%, which is notably higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Du Bois set these rates annually, and they can vary significantly across different neighborhoods. Each year, Du Bois 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 Du Bois's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68345 has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Du Bois 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 Du Bois Tax Rate
1.69%
Average Pawnee County Tax Rate
1.35%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Du Bois, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68345 | 1.24% | 1.25% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Du Bois, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in DU BOIS, Nebraska. 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 local 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 DU BOIS 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 DU BOIS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68345 at $658.00, which contrasts with the national median property tax rate of 0.99%.
Average Du Bois Assessed Value
$41,618
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 Du Bois, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68345 | $3,886 | $15,644 | $41,618 | $205,790 | $561,677 |
Source: Ownwell
Property Tax Bills Across Du Bois, Nebraska
In DU BOIS, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. Homeowners in DU BOIS can expect their property tax bills to vary significantly depending on the assessed value of their homes. For instance, the tax bill at the 25th percentile is $234, while at the 75th percentile, it rises to $3,052. The 90th percentile tax bill can reach as high as $7,139, reflecting the wide range of property values and corresponding taxes in the area. Factors considered in determining the tax bill include the property's location, size, and condition, as well as any applicable exemptions or deductions. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the quality of life in the community. With a median home price of $41,618, homeowners should be aware of how these taxes will factor into their overall housing costs.
Average Du Bois Tax Bill
$658
Average Pawnee County Tax Bill
$947
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Du Bois, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68345 | $61 | $234 | $658 | $3,052 | $7,139 |
Source: Ownwell