Dodge, Nebraska Property Taxes
The median property tax rate in Dodge, NE is 1.42%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Dodge at $92,596, the typical annual property tax bill is around $1,317, below the national median of $2,690. Property taxes in Dodge are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dodge'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 Dodge or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dodge, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,315
Ownwell’s Dodge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dodge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dodge 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 Dodge, Nebraska
Property taxes in Dodge, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodge is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodge 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 Dodge's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68633 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Dodge provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodge Tax Rate
1.42%
Average Dodge County Tax Rate
1.79%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68633 | 0.93% | 1.05% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Dodge, Nebraska
In Dodge, 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 Dodge 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 Dodge, 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 Dodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, zip code 68633 has the highest median tax bill, while the lowest median tax bill in the county is also found in the same zip code, making it essential for residents to stay informed about their specific tax obligations.
Average Dodge Assessed Value
$92,596
Average Dodge County Assessed Value
$133,688
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68633 | $22,494 | $56,932 | $92,596 | $193,208 | $499,863 |
Source: Ownwell
Property Tax Bills Across Dodge, Nebraska
In Dodge, Nebraska, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For example, if the median home price is $92,596, the assessed value would be a portion of this amount. Property tax rates in Dodge are then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property type, location, and any applicable exemptions or deductions. Homeowners in Dodge can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $833, while the 75th percentile reaches $2,282, and the 90th percentile can be as high as $5,237. These figures indicate the range of property tax liabilities in the area. Compared to the national median property tax rate of 0.99%, Dodge's rates reflect the local economic conditions and funding needs for public services, impacting homeowners' annual financial obligations.
Average Dodge Tax Bill
$1,317
Average Dodge County Tax Bill
$2,379
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68633 | $523 | $833 | $1,317 | $2,282 | $5,237 |
Source: Ownwell