Blair, Nebraska Property Taxes
The median property tax rate in Blair, NE is 1.84%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Blair, the typical annual property tax bill reaches $3,692, exceeding the national median of $2,690. Property taxes in Blair 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 Blair'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 Blair or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blair, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$3,944
Ownwell’s Blair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blair 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 Blair, Nebraska
Property taxes in Blair, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blair is 1.84%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Blair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blair 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 Blair's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68008 has the highest median property tax rate of 1.84%, while the same zip code also has the lowest median tax rate of 1.84%. Understanding how these cities compare with Blair provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blair Tax Rate
1.84%
Average Washington County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blair, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68008 | 1.52% | 1.53% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Blair, Nebraska
In Blair, 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 Washington 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 Blair, 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 Blair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Blair, both $3692, are found in the 68008 zip code.
Average Blair Assessed Value
$214,338
Average Washington County Assessed Value
$234,648
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blair, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68008 | $96,057 | $145,954 | $214,338 | $336,350 | $479,640 |
Source: Ownwell
Property Tax Bills Across Blair, Nebraska
In Blair, Washington County, NE, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Blair is $214,338, and property taxes are calculated based on this assessed value. The tax rate in Blair is notably higher than the national median property tax rate of 0.99%. Homeowners in Blair can expect to pay a median tax bill of $3,692, which is significantly higher than the national average. Several factors influence the property tax bill, including the property's assessed value and the specific tax rate set by local authorities. For instance, the tax bill for homes at the 25th percentile is around $2,530, while those at the 75th percentile reach up to $5,591, and at the 90th percentile, it can be as high as $7,728. These figures illustrate the range of tax burdens homeowners might face, impacting their overall financial planning and home affordability. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Blair Tax Bill
$3,692
Average Washington County Tax Bill
$4,036
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Blair, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68008 | $1,362 | $2,530 | $3,692 | $5,591 | $7,728 |
Source: Ownwell