Gretna, Nebraska Property Taxes
The median property tax rate in Gretna, NE is 2.06%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Gretna at $292,921, the typical annual property tax bill reaches $5,953, far exceeding the national median of $2,690. Property taxes in Gretna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gretna'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 Gretna 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
Gretna, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.06%
Estimate Property Tax Bill
$6,034
Ownwell’s Gretna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gretna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gretna 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 Gretna, Nebraska
Property taxes in Gretna, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gretna is 2.06%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gretna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gretna 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 Gretna's effective property tax rate to other areas in Sarpy County and the national median. For comparison, the 68028 zip code has the highest median property tax rate of 2.06%, while the same zip code also has the lowest median tax rate of 2.06%. Understanding how these areas compare with Gretna provides valuable insights into the varying tax landscape across Sarpy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gretna Tax Rate
2.06%
Average Sarpy County Tax Rate
1.93%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gretna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68028 | 0.70% | 1.83% | 2.06% | 2.27% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Gretna, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gretna, 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 Sarpy 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 Gretna, 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. The median home price in Gretna is $292,921, with tax bills ranging from $3,112 at the 25th percentile to $10,450 at the 90th percentile. The zip code 68028 holds both the highest and lowest median tax bills at $5,953. 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 Gretna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gretna Assessed Value
$292,921
Average Sarpy County Assessed Value
$239,278
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gretna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68028 | $19,410 | $159,095 | $292,921 | $391,104 | $509,519 |
Source: Ownwell
Property Tax Bills Across Gretna, Nebraska
In Gretna, located in Sarpy County, NE, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the county assessor's office and reflects the market value of the home. Gretna's property tax rate can be compared to the national median property tax rate of 0.99%. Homeowners in Gretna experience varying tax bills. For instance, the tax bill at the 25th percentile is $3,112, while at the 75th percentile, it reaches $8,537. At the 90th percentile, homeowners might pay up to $10,450. These figures illustrate how property taxes can significantly impact household budgets, depending on the property's assessed value and the tax rate applied. Gretna's highest and lowest median tax bills are both recorded at $5,953 in the 68028 zip code, indicating a consistent tax rate across different property values. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Gretna Tax Bill
$5,953
Average Sarpy County Tax Bill
$4,476
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gretna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68028 | $596 | $3,112 | $5,953 | $8,537 | $10,450 |
Source: Ownwell