Bruno, Nebraska Property Taxes
The median property tax rate in Bruno, NE is 1.17%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Bruno, the typical annual property tax bill reaches $6,954, significantly exceeding the national median of $2,690. Property taxes in Bruno 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 Bruno'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 Bruno 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
Bruno, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$6,957
Ownwell’s Bruno Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bruno with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bruno 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 Bruno, Nebraska
Property taxes in Bruno, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bruno is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bruno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bruno 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 Bruno's effective property tax rate to other areas in Saunders County and the national median. For comparison, the zip code 68014 has both the highest and the lowest median property tax rate of 1.17%. Understanding how these areas compare with Bruno provides valuable insights into the varying tax landscape across Saunders County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bruno Tax Rate
1.17%
Average Saunders County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bruno, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68014 | 1.15% | 1.16% | 1.17% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Bruno, Nebraska
In Bruno, 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 Saunders 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 Bruno, 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 Bruno helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Saunders County is found in zip code 68014, amounting to $6,954.
Average Bruno Assessed Value
$594,599
Average Saunders County Assessed Value
$199,000
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bruno, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68014 | $130,989 | $304,843 | $594,599 | $609,990 | $619,225 |
Source: Ownwell
Property Tax Bills Across Bruno, Nebraska
In Bruno, Saunders County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is determined by the county assessor. Factors such as property size, location, and condition can influence the assessed value. For example, the median home price in Bruno is $594,599. Homeowners in the 25th percentile pay around $3,563 in property taxes, while those in the 75th percentile face bills closer to $7,232. At the 90th percentile, the tax bill can reach up to $7,398. These taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Bruno's tax bills reflect the local economic conditions and community needs. High property taxes can be a significant financial consideration for homeowners, influencing decisions about buying or selling property in the area.
Average Bruno Tax Bill
$6,954
Average Saunders County Tax Bill
$3,382
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bruno, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68014 | $1,529 | $3,563 | $6,954 | $7,232 | $7,398 |
Source: Ownwell