Beatrice, Nebraska Property Taxes
The median property tax rate in Beatrice, NE is 1.83%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Beatrice being $105,462, the typical annual property tax bill reaches $1,759, which is below the national median of $2,690. Property taxes in Beatrice are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beatrice'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 Beatrice 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
Beatrice, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$1,930
Ownwell’s Beatrice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beatrice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beatrice 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 Beatrice, Nebraska
Property taxes in Beatrice, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Beatrice is 1.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Beatrice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beatrice 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 Beatrice's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68310 zip code has both the highest and lowest median property tax rate of 1.83%. Understanding how these cities compare with Beatrice provides valuable insights into the varying tax landscape across Gage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beatrice Tax Rate
1.83%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beatrice, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68310 | 1.16% | 1.83% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Beatrice, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beatrice, Nebraska. The market value represents 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 Gage 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. Assessment notices in Beatrice 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. For instance, the median home price in Beatrice is $105,462, with tax bills ranging from $775 at the 25th percentile to $4,109 at the 90th percentile. The zip code 68310 records the highest and lowest median tax bill of $1,759. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beatrice Assessed Value
$105,462
Average Gage County Assessed Value
$108,335
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beatrice, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68310 | $30,363 | $53,298 | $105,462 | $168,491 | $241,691 |
Source: Ownwell
Property Tax Bills Across Beatrice, Nebraska
In Beatrice, located in Gage County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Beatrice is $105,462. Property taxes are levied by various taxing authorities, including the county, city, and school districts, and are influenced by the budgetary needs of these entities. Homeowners in Beatrice can expect a wide range of property tax bills. For instance, the tax bill at the 25th percentile is $775, while at the 75th percentile, it rises to $2,857. At the 90th percentile, the tax bill can reach up to $4,109. The highest median tax bill in Beatrice is $1,759, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as public schools, infrastructure maintenance, and emergency services. For homeowners, understanding these factors is crucial as property taxes can represent a significant annual expense and impact the overall affordability of owning a home in Beatrice.
Average Beatrice Tax Bill
$1,759
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Beatrice, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68310 | $282 | $775 | $1,759 | $2,857 | $4,109 |
Source: Ownwell