Denton, Nebraska Property Taxes
The median property tax rate in Denton, NE is 1.58%, notably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Denton, the typical annual property tax bill reaches $5,438, far exceeding the national median of $2,690. Property taxes in Denton 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 Denton'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 Denton 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
Denton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$5,830
Ownwell’s Denton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denton 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 Denton, Nebraska
Property taxes in Denton, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denton is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Denton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denton 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 Denton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68339 zip code has the highest median property tax rate of 1.58%, while the same zip code also represents the lowest median tax rate of 1.58%. Understanding how these cities compare with Denton provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denton Tax Rate
1.58%
Average Saline County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68339 | 1.27% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Denton, Nebraska
In Denton, 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 Saline 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 Denton, 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 Denton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is found in zip code 68339, at $5,438, while the lowest is also $5,438 in the same zip code.
Average Denton Assessed Value
$368,960
Average Saline County Assessed Value
$121,445
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68339 | $133,112 | $237,070 | $368,960 | $436,435 | $461,220 |
Source: Ownwell
Property Tax Bills Across Denton, Nebraska
Property tax bills in Denton, Nebraska, are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is a percentage of the market value of the home. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Various factors influence the assessed value, including the property's location, size, condition, and any improvements made. In Denton, the median home price stands at $368,960. Homeowners in the 25th percentile can expect an annual tax bill of approximately $3,663, while those in the 75th percentile might see a bill around $6,659. For those in the 90th percentile, the tax bill can reach up to $7,276. These property tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Denton's rates highlight the importance of understanding local tax obligations.
Average Denton Tax Bill
$5,438
Average Saline County Tax Bill
$2,074
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Denton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68339 | $1,095 | $3,663 | $5,438 | $6,659 | $7,276 |
Source: Ownwell