Gosper County Property Taxes
The median property tax rate in Gosper County is 1.11%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $179,048 in Gosper County, the typical annual property tax bill is around $2,112, which is below the national median of $2,690. Property taxes in Gosper County are calculated based on the assessed value, often lower than the actual market value due to various exemptions like primary residence and agricultural exemptions. Understanding Gosper County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Elwood or another part of Gosper County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gosper County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,987
Ownwell’s Gosper County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Gosper County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gosper County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Gosper County, Nebraska
Property taxes in Gosper County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gosper County is 1.11%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Gosper County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gosper County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Gosper County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Oxford has one of the higher property tax rates in Nebraska at 1.37%, while the city of Eustis boasts one of the lowest at 1.07%. Analyzing how Gosper County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gosper County Tax Rate
1.11%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gosper County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | 1.17% | 1.19% | 1.19% | 1.21% | 1.21% |
| Bertrand | 1.15% | 1.15% | 1.16% | 1.17% | 1.17% |
| Cambridge | 1.20% | 1.21% | 1.22% | 1.23% | 1.23% |
| Edison | 1.19% | 1.19% | 1.19% | 1.21% | 1.21% |
| Elwood | 0.96% | 1.11% | 1.17% | 1.37% | 1.37% |
| Eustis | 0.96% | 1.05% | 1.07% | 1.07% | 1.07% |
| Holbrook | 1.19% | 1.19% | 1.19% | 1.20% | 1.21% |
| Johnson Lake | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| Lexington | 0.68% | 1.30% | 1.31% | 1.32% | 1.32% |
| Oxford | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| Smithfield | 1.15% | 1.17% | 1.17% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Gosper County, Nebraska
In Gosper County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Gosper County Appraisal District. The assessed value, however, 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 Gosper County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the highest median tax bill in Gosper County is in Lexington at $4,111, while the lowest is in Oxford at $889. Being aware of these valuation processes in Gosper County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Gosper County Assessed Value
$179,048
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gosper County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | $44,494 | $127,555 | $234,963 | $481,129 | $865,641 |
| Bertrand | $114,976 | $182,715 | $288,786 | $646,036 | $973,128 |
| Cambridge | $193,660 | $229,454 | $289,110 | $348,767 | $384,560 |
| Edison | $106,615 | $171,487 | $254,348 | $791,185 | $883,704 |
| Elwood | $14,733 | $72,932 | $132,398 | $242,488 | $431,905 |
| Eustis | $152,934 | $225,955 | $282,835 | $572,645 | $746,202 |
| Holbrook | $147,276 | $222,733 | $323,598 | $557,804 | $696,816 |
| Johnson Lake | $83,704 | $164,604 | $283,810 | $429,391 | $579,166 |
| Lexington | $172,626 | $207,622 | $327,252 | $665,325 | $810,799 |
| Oxford | $36,233 | $39,485 | $67,985 | $103,495 | $192,761 |
| Smithfield | $9,949 | $44,755 | $131,225 | $297,935 | $665,523 |
Source: Ownwell
Property Tax Bills Across Gosper County, Nebraska
In Gosper County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Gosper County is $179,048, and the property tax rate can vary, affecting the final bill significantly. For instance, homeowners in the 25th percentile of tax bills pay around $1,101 annually, while those in the 75th percentile face a tax bill of approximately $3,997. At the higher end, the 90th percentile sees tax bills reaching up to $6,491. These figures illustrate the range of property tax burdens within the county, which can impact homeowners' financial planning and housing affordability. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to assess how Gosper County's rates align with broader trends. Cities within the county also show variability, with Lexington having the highest median tax bill at $4,111, while Oxford has the lowest at $889.
Average Gosper County Tax Bill
$2,112
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gosper County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | $879 | $1,519 | $2,687 | $5,525 | $9,925 |
| Bertrand | $1,243 | $2,130 | $3,365 | $7,441 | $11,187 |
| Cambridge | $2,380 | $2,799 | $3,497 | $4,194 | $4,613 |
| Edison | $1,235 | $2,068 | $3,056 | $9,419 | $10,523 |
| Elwood | $129 | $822 | $1,668 | $2,833 | $5,033 |
| Eustis | $1,515 | $2,422 | $2,854 | $6,096 | $7,877 |
| Holbrook | $1,149 | $2,655 | $3,889 | $6,646 | $8,312 |
| Johnson Lake | $891 | $1,962 | $3,180 | $4,792 | $6,445 |
| Lexington | $1,718 | $2,646 | $4,111 | $8,649 | $10,549 |
| Oxford | $495 | $617 | $889 | $1,573 | $2,719 |
| Smithfield | $184 | $761 | $1,670 | $3,961 | $7,979 |
Source: Ownwell