Bellevue, Nebraska Property Taxes
The median property tax rate in Bellevue, NE is 1.38%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $132,300 in Bellevue, the typical annual property tax bill amounts to $1,823, which is below the national median of $2,690. Property taxes in Bellevue are based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bellevue'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 Bellevue 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
Bellevue, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,826
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Nebraska
Property taxes in Bellevue, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 2.06%, significantly higher than both the Nebraska state median of 1.73% and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other counties in Nebraska and the national median. For comparison, 68147 has the highest median property tax rate of 2.06%, while 68147 also has the lowest median tax rate of 2.06%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Sarpy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
1.38%
Average Douglas County Tax Rate
1.96%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68147 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Nebraska
In Bellevue, 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 Douglas County Assessor's Office 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. 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 Bellevue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bellevue is $1,823 in the 68147 zip code, which is also the lowest median tax bill, highlighting a uniform tax landscape.
Average Bellevue Assessed Value
$132,300
Average Douglas County Assessed Value
$206,800
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68147 | $132,300 | $132,300 | $132,300 | $132,300 | $132,300 |
Source: Ownwell
Property Tax Bills Across Bellevue, Nebraska
In Bellevue, property tax bills are determined by the county assessor's office in Douglas County. The process begins with the assessed value of the property, which is based on the market value. For instance, the median home price in Bellevue is $132,300. This assessed value is then multiplied by the local tax rate, which is specific to the area and used to fund public services like schools, roads, and emergency services. Several factors influence the final tax bill, including property size, location, and improvements made to the property. Homeowners in Bellevue can expect a median property tax bill of $1,823, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual expenses, potentially affecting their overall budget and financial planning. Understanding how these taxes are calculated can help homeowners better anticipate and manage their yearly financial obligations.
Average Bellevue Tax Bill
$1,823
Average Douglas County Tax Bill
$3,997
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68147 | $1,823 | $1,823 | $1,823 | $1,823 | $1,823 |
Source: Ownwell