Fremont, Nebraska Property Taxes
The median property tax rate in Fremont, NE is 1.85%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Fremont at $329,235, the typical annual property tax bill reaches $5,828, far exceeding the national median of $2,690. Property taxes in Fremont 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 Fremont'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 Fremont 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
Fremont, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$6,091
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Nebraska
Property taxes in Fremont, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other areas in Saunders County and the national median. For comparison, the 68025 zip code has the highest median property tax rate of 1.85%, while the same zip code also has the lowest median tax rate of 1.85%. Understanding how these areas compare with Fremont 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 Fremont Tax Rate
1.85%
Average Saunders County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | 1.40% | 1.61% | 1.85% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Nebraska
In Fremont, 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 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 Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Fremont's highest and lowest median tax bills are both $5828 in the 68025 zip code.
Average Fremont Assessed Value
$329,235
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 Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $182,065 | $244,486 | $329,235 | $415,735 | $548,961 |
Source: Ownwell
Property Tax Bills Across Fremont, Nebraska
In Fremont, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value, reflecting its estimated selling price. Homeowners in Fremont can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $4,096 and the 75th percentile reaching $7,387. The highest median tax bill in Fremont's 68025 zip code stands at $5,828, which is notably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including the property's location, size, and any improvements made. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. For homeowners, understanding these factors and how they affect their property tax bills is crucial for financial planning and ensuring they are not overpaying.
Average Fremont Tax Bill
$5,828
Average Saunders County Tax Bill
$3,382
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $2,758 | $4,096 | $5,828 | $7,387 | $9,595 |
Source: Ownwell