Beaver City, Nebraska Property Taxes
The median property tax rate in Beaver City, Nebraska is 1.76%, slightly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Beaver City at $40,260, the typical annual property tax bill reaches $698, which is significantly below the national median of $2,690. Property taxes in Beaver City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beaver City'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 Beaver City 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
Beaver City, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$709
Ownwell’s Beaver City Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Beaver City. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Beaver City to provide an accurate estimate of your property tax bill. This powerful tool helps you understand your potential tax liabilities with ease. For those interested in more granular data, scrolling down will reveal neighborhood-level trends and insights. Your property’s assessed value, determined by Furnas County, is the basis for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Beaver City, Nebraska
Property taxes in Beaver City, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver City is 1.76%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Beaver City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver City 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 Beaver City's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68926 has the highest median property tax rate of 1.76%, while it also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Beaver City provides valuable insights into the varying tax landscape across Furnas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver City Tax Rate
1.76%
Average Furnas County Tax Rate
1.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68926 | 1.26% | 1.57% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Beaver City, Nebraska
In Beaver City, 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 local 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 Beaver City, 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 Beaver City is $40,260, with tax bills ranging from $296 at the 25th percentile to $2,895 at the 90th percentile. The highest and lowest median tax bills, both at $698, are found in zip code 68926. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver City Assessed Value
$40,260
Average Furnas County Assessed Value
$62,290
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68926 | $5,250 | $18,545 | $40,260 | $81,980 | $209,708 |
Source: Ownwell
Property Tax Bills Across Beaver City, Nebraska
In Beaver City, Furnas County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $40,260. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Homeowners in Beaver City experience a range of tax bills; the 25th percentile tax bill is $296, while the 75th percentile reaches $1,388. Those in the 90th percentile can see tax bills as high as $2,895. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value and consequently affect the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Compared to the national median property tax rate of 0.99%, homeowners in Beaver City may find their tax bills relatively manageable, but it's important to stay informed about local assessments and rates to budget effectively.
Average Beaver City Tax Bill
$698
Average Furnas County Tax Bill
$1,054
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68926 | $84 | $296 | $698 | $1,388 | $2,895 |
Source: Ownwell