Nickerson, Nebraska Property Taxes
The median property tax rate in Nickerson, Nebraska is 1.46%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.83%. With a median home value of $288,685 in Nickerson, the typical annual property tax bill amounts to $4,213, significantly surpassing the national median of $2,690. Property taxes in Nickerson are determined based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Nickerson's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Nickerson or another part of the city, being well-versed in the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Nickerson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$4,330
Ownwell’s Nickerson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nickerson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nickerson to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Nickerson, Nebraska
Property taxes in Nickerson, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nickerson is 1.50%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Nickerson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nickerson 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 Nickerson's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68044 has both the highest and lowest median property tax rate of 1.50%. Understanding how these areas compare with Nickerson 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 Nickerson Tax Rate
1.50%
Average Washington County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nickerson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68044 | 1.30% | 1.49% | 1.50% | 1.50% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Nickerson, Nebraska
In Nickerson, 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 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 Nickerson, 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 Nickerson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 68044, with a median tax bill of $4044.
Average Nickerson Assessed Value
$288,685
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 Nickerson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68044 | $176,730 | $208,675 | $288,685 | $444,928 | $664,456 |
Source: Ownwell
Property Tax Bills Across Nickerson, Nebraska
In Nickerson, Washington County, NE, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $288,685, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and any improvements made can influence the assessed value. Homeowners in Nickerson might see tax bills ranging from the 25th percentile at $3,042 to the 75th percentile at $6,673, and even up to the 90th percentile at $10,013. These figures highlight the potential variability in tax bills within the community. Compared to the national median property tax rate of 0.99%, the property taxes in Nickerson can significantly impact homeowners' finances, making it crucial to understand how these taxes are calculated and what factors might affect them.
Average Nickerson Tax Bill
$4,044
Average Washington County Tax Bill
$4,036
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Nickerson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68044 | $2,394 | $3,042 | $4,044 | $6,673 | $10,013 |
Source: Ownwell