Eustis, Nebraska Property Taxes
The median property tax rate in Eustis, Nebraska is 1.19%, 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 $100,576, the typical annual property tax bill in Eustis is $1,112, considerably less than the national median of $2,690. Property taxes in Eustis 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 Eustis'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 Eustis or another part of Frontier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eustis, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,197
Ownwell’s Eustis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eustis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eustis 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 Eustis, Nebraska
Property taxes in Eustis, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eustis is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Eustis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eustis 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 Eustis's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69028 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Eustis provides valuable insights into the varying tax landscape across Frontier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eustis Tax Rate
1.19%
Average Frontier County Tax Rate
1.50%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eustis, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69028 | 0.71% | 1.17% | 1.19% | 1.20% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Eustis, Nebraska
In Eustis, 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 Frontier 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 Eustis, 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. The median home price in Eustis is $100,576, with tax bills ranging significantly. The 25th percentile tax bill is $717, while the 75th percentile is $1,732, and the 90th percentile reaches $2,261. The highest and lowest median tax bills are both $1,112, found in zip code 69028. Being aware of these valuation processes in Eustis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eustis Assessed Value
$100,576
Average Frontier County Assessed Value
$86,548
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eustis, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69028 | $37,811 | $64,323 | $100,576 | $155,672 | $205,848 |
Source: Ownwell
Property Tax Bills Across Eustis, Nebraska
In Eustis, Frontier County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Eustis face a median property tax rate of 1.11%, which is slightly above the national median of 0.99%. For example, with a median home price of $100,576, homeowners can expect a tax bill around $1,112 annually. However, this can vary significantly; the 25th percentile tax bill is $717, while the 75th percentile reaches $1,732, and the 90th percentile can be as high as $2,261. These variations depend on property value assessments and any applicable exemptions or deductions. Higher property taxes can influence homeowners' financial planning, potentially impacting their ability to afford other expenses. Understanding how these taxes are calculated is crucial for homeowners to manage their budgets effectively and anticipate future financial commitments.
Average Eustis Tax Bill
$1,112
Average Frontier County Tax Bill
$1,097
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Eustis, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69028 | $417 | $717 | $1,112 | $1,732 | $2,261 |
Source: Ownwell