Gering, Nebraska Property Taxes
The median property tax rate in Gering, NE is 2.14%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $118,486 in Gering, the typical annual property tax bill amounts to $2,504, which is close to the national median of $2,690. Property taxes in Gering are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Gering's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gering or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gering, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$2,536
Ownwell’s Gering Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gering with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gering 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 Gering, Nebraska
Property taxes in Gering, Nebraska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gering is 2.14%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Gering set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gering 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 Gering's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69341 has the highest median property tax rate of 2.14%, while the same zip code also records the lowest median tax rate of 2.14%. Understanding how these cities compare with Gering provides valuable insights into the varying tax landscape across Scotts Bluff County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gering Tax Rate
2.14%
Average Scotts Bluff County Tax Rate
2.03%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gering, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69341 | 1.85% | 2.14% | 2.14% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Gering, Nebraska
In Gering, 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 Scotts Bluff 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 Gering, 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 Gering helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 69341, with a median tax bill of $2504.
Average Gering Assessed Value
$118,486
Average Scotts Bluff County Assessed Value
$107,015
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gering, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69341 | $35,137 | $78,936 | $118,486 | $175,804 | $259,387 |
Source: Ownwell
Property Tax Bills Across Gering, Nebraska
In Gering, property tax bills are calculated based on the assessed value of your home, which is determined by the Scotts Bluff County assessor. The assessed value is a percentage of the home's market value. The tax rate is then applied to this assessed value to determine your annual property tax bill. Factors such as the home's location, size, and condition, as well as local government budgets and school district funding needs, play a role in determining the final tax bill. Homeowners in Gering can expect varying tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is approximately $1,563, while those in the 75th percentile might see bills around $3,740. At the 90th percentile, tax bills can reach up to $5,500. The highest median tax bill in the area is $2,504, which is significantly higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their property tax obligations and budget accordingly.
Average Gering Tax Bill
$2,504
Average Scotts Bluff County Tax Bill
$2,080
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gering, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69341 | $544 | $1,563 | $2,504 | $3,740 | $5,500 |
Source: Ownwell