Papillion, Nebraska Property Taxes
The median property tax rate in Papillion, NE is 1.90%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Papillion, the typical annual property tax bill reaches $5,275, exceeding the national median of $2,690. Property taxes in Papillion 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 Papillion'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 Papillion 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
Papillion, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$5,451
Ownwell’s Papillion Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Papillion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Papillion 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 Sarpy County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Papillion, Nebraska
Property taxes in Papillion, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Papillion is 1.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Papillion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Papillion 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 Papillion's effective property tax rate to other areas in Sarpy County and the national median. For comparison, the 68133 zip code has the highest median property tax rate of 1.90%, while the 68046 zip code has the lowest median tax rate of 1.89%. Understanding how these areas compare with Papillion 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 Papillion Tax Rate
1.90%
Average Sarpy County Tax Rate
1.93%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Papillion, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68046 | 1.29% | 1.78% | 1.89% | 2.15% | 2.52% |
| 68133 | 0.38% | 1.74% | 1.90% | 2.06% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Papillion, Nebraska
In Papillion, 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 Sarpy 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 Papillion, 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 Papillion is $286,891. Understanding these valuation concepts can help property owners navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Papillion is $5,669 in zip code 68133, while the lowest median tax bill is $5,041 in zip code 68046. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Papillion Assessed Value
$286,891
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 Papillion, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68046 | $37,859 | $208,006 | $276,795 | $372,280 | $465,783 |
| 68133 | $14,871 | $231,020 | $305,306 | $373,943 | $440,370 |
Source: Ownwell
Property Tax Bills Across Papillion, Nebraska
Property tax bills in Papillion, located in Sarpy County, NE, are calculated based on the assessed value of a property and the local tax rate. The local tax rate is applied to the assessed value, which is typically a percentage of the market value of the home. For example, with a median home price of $286,891, homeowners can expect varying tax bills. The tax bill at the 25th percentile is $3,754, while at the 75th percentile, it rises to $7,313, and at the 90th percentile, it reaches $9,444. These figures indicate a significant range, reflecting differences in property values and possibly exemptions or deductions. The highest median tax bill in the area is $5,669 in the 68133 zip code, while the lowest is $5,041 in the 68046 zip code. These tax bills are crucial for homeowners as they directly affect annual housing costs and budgeting. Compared to the national median property tax rate of 0.99%, Papillion's rates and the resulting tax bills can significantly impact the financial planning of residents.
Average Papillion Tax Bill
$5,275
Average Sarpy County Tax Bill
$4,476
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Papillion, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68046 | $882 | $3,714 | $5,041 | $7,450 | $9,761 |
| 68133 | $49 | $3,985 | $5,669 | $7,105 | $8,767 |
Source: Ownwell