Scottsbluff, Nebraska Property Taxes
The median property tax rate in Scottsbluff, NE is 2.03%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Scottsbluff at $103,806, the typical annual property tax bill reaches $2,020, slightly below the national median of $2,690. Property taxes in Scottsbluff 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 Scottsbluff'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 Scottsbluff 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
Scottsbluff, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$2,107
Ownwell’s Scottsbluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scottsbluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scottsbluff 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 Scottsbluff, Nebraska
Property taxes in Scottsbluff, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottsbluff is 2.03%, significantly higher than the U.S. national median of 0.99%. Local government entities within Scottsbluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottsbluff 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 Scottsbluff's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69361 zip code has the highest median property tax rate of 2.03%, while the same zip code also has the lowest median tax rate of 2.03%. Understanding how these rates compare with Scottsbluff 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 Scottsbluff Tax Rate
2.03%
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 Scottsbluff, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69361 | 1.85% | 2.03% | 2.03% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Scottsbluff, Nebraska
In Scottsbluff, 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 local 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 Scottsbluff, 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 Scottsbluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69361 has the highest median tax bill at $2,020, while the lowest median tax bill is also in the same zip code at $2,020.
Average Scottsbluff Assessed Value
$103,806
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 Scottsbluff, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69361 | $30,542 | $61,708 | $103,806 | $169,646 | $264,260 |
Source: Ownwell
Property Tax Bills Across Scottsbluff, Nebraska
In Scottsbluff, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Various factors such as property size, location, and market conditions influence this assessed value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Scottsbluff, the median home price is $103,806. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,170 and the 75th percentile tax bill reaching $3,384. At the higher end, the 90th percentile tax bill can go up to $5,381. The highest and lowest median tax bills are both $2,020 in the zip code 69361, reflecting a range of property values and tax burdens within the area. Comparing this to the national median property tax rate of 0.99%, Scottsbluff's tax bills highlight the importance of understanding local property tax calculations for effective financial planning.
Average Scottsbluff Tax Bill
$2,020
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 Scottsbluff, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69361 | $515 | $1,170 | $2,020 | $3,384 | $5,381 |
Source: Ownwell