Johnstown, Nebraska Property Taxes
The median property tax rate in Johnstown, NE is 1.05%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Johnstown, the typical annual property tax bill reaches $1,943, which is below the national median of $2,690. Property taxes in Johnstown are calculated based on the assessed value, which often falls below market value due to exemptions like the primary residence and agricultural exemptions. Understanding Johnstown'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 Johnstown 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
Johnstown, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,613
Ownwell’s Johnstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnstown 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 Johnstown, Nebraska
Property taxes in Johnstown, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnstown is 1.35%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Johnstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnstown 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 Johnstown's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69214 zip code has the highest median property tax rate of 1.35%, while the 69214 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Johnstown provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnstown Tax Rate
1.05%
Average Brown County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnstown, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69214 | 1.01% | 1.03% | 1.05% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Johnstown, Nebraska
In Johnstown, 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 Brown 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 Johnstown, 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 Johnstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Johnstown, the zip code 69214 has the highest and lowest median tax bill of $1,943.
Average Johnstown Assessed Value
$153,600
Average Brown County Assessed Value
$87,245
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnstown, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69214 | $17,571 | $48,642 | $153,600 | $436,750 | $716,312 |
Source: Ownwell
Property Tax Bills Across Johnstown, Nebraska
In Johnstown, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Johnstown, located in Brown County, see a range of property tax bills based on various factors like property size, location, and improvements. For instance, the 25th percentile of tax bills in Johnstown is around $760, while the 75th percentile reaches up to $4518. At the higher end, the 90th percentile tax bill can be as much as $7585. These variations significantly impact homeowners, with some paying much more than others depending on the assessed value of their properties. The highest median tax bill in the county is $1943, which is notably higher than the national median property tax rate of 0.99%. This indicates that property taxes in Johnstown can be a considerable financial commitment for homeowners, influencing their overall cost of living and financial planning.
Average Johnstown Tax Bill
$1,943
Average Brown County Tax Bill
$1,181
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnstown, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69214 | $251 | $760 | $1,943 | $4,518 | $7,585 |
Source: Ownwell