Blue Springs, Nebraska Property Taxes
The median property tax rate in Blue Springs, NE is 1.89%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Blue Springs, the typical annual property tax bill reaches $711, exceeding the national median of $2,690. Property taxes in Blue Springs 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 Blue Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blue Springs or another part of Gage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Springs, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$833
Ownwell’s BLUE SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BLUE SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BLUE SPRINGS 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 Blue Springs, Nebraska
Property taxes in Blue Springs, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Springs is 1.89%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Blue Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Springs 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 Blue Springs' effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68318 zip code has both the highest and lowest median property tax rate at 1.89%. Understanding how these cities compare with Blue Springs 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 Blue Springs Tax Rate
1.89%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Springs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68318 | 1.19% | 1.54% | 1.89% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Blue Springs, Nebraska
In Blue Springs, 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 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. In Blue Springs, 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 Blue Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68318 has the highest median tax bill in the area, amounting to $711.
Property Tax Assessment Values Across Blue Springs, Nebraska
Source: Ownwell
$16,038
$555,279
$1,094,520
Average Blue Springs Assessed Value
$44,065
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 Blue Springs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68318 | $6,723 | $18,350 | $44,065 | $151,250 | $386,408 |
Source: Ownwell
Property Tax Bills Across Blue Springs, Nebraska
Property tax bills in Blue Springs, located in Gage County, Nebraska, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local assessor's office and is meant to reflect the market value of the property. This value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $44,065 in Blue Springs, homeowners can expect varying tax bills. The 25th percentile tax bill is around $237, while the 75th percentile tax bill reaches approximately $2,261. The highest tax bills, around the 90th percentile, can soar to $5,986. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Blue Springs experience a wide range of tax bills, reflecting the diversity in property values and local tax rates.
Average Blue Springs Tax Bill
$711
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Springs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68318 | $27 | $237 | $711 | $2,261 | $5,986 |
Source: Ownwell