Bridgeport, Nebraska Property Taxes
The median property tax rate in Bridgeport, NE is 1.37%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $135,972 in Bridgeport, the typical annual property tax bill amounts to $1,869, which is below the national median of $2,690. Property taxes in Bridgeport are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bridgeport'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 Bridgeport 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
Bridgeport, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,863
Ownwell’s Bridgeport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeport to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed decisions. For those interested in more granular insights, localized information on neighborhood trends is available as you scroll down. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Bridgeport, Nebraska
Property taxes in Bridgeport, Nebraska, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeport is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport 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 Bridgeport's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69336 has both the highest and lowest median property tax rate of 1.37%. Understanding how these cities compare with Bridgeport provides valuable insights into the varying tax landscape across Banner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeport Tax Rate
1.37%
Average Banner County Tax Rate
1.37%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69336 | 1.37% | 1.37% | 1.37% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Nebraska
In Bridgeport, 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 Banner 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 Bridgeport, 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 Bridgeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 69336, with a median tax bill of $1,869.
Average Bridgeport Assessed Value
$135,972
Average Banner County Assessed Value
$144,301
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69336 | $61,578 | $95,595 | $135,972 | $142,446 | $222,182 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Nebraska
In Bridgeport, property tax bills are calculated based on the assessed value of the home, which is determined by the Banner County Assessor's office. The 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 $135,972, the tax burden varies significantly across different percentiles. Homeowners in the 25th percentile pay around $1,316, while those in the 75th percentile face a tax bill of approximately $1,948. The highest tax bills can reach up to $3,037 for the 90th percentile. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, Bridgeport's tax rates can be seen as moderate, affecting homeowners differently depending on their property's assessed value. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Bridgeport Tax Bill
$1,869
Average Banner County Tax Bill
$1,965
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69336 | $850 | $1,316 | $1,869 | $1,948 | $3,037 |
Source: Ownwell