Johnson Lake, Nebraska Property Taxes
The median property tax rate in Johnson Lake, NE is 1.11%, 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 $283,810, the typical annual property tax bill in Johnson Lake amounts to $3,180, surpassing the national median of $2,690. Property taxes in Johnson Lake are based on the assessed value, which is often below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Johnson Lake'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 Johnson Lake or another part of Gosper County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnson Lake, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,150
Ownwell’s Johnson Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson Lake 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 Johnson Lake, Nebraska
Property taxes in Johnson Lake, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson Lake is 1.11%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Johnson Lake set these rates annually, and they can vary across different neighborhoods. Each year, Johnson Lake 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 Johnson Lake's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68937 has both the highest and lowest median property tax rate of 1.11%. Understanding how these cities compare with Johnson Lake provides valuable insights into the varying tax landscape across Gosper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson Lake Tax Rate
1.11%
Average Gosper County Tax Rate
1.11%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson Lake, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68937 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Johnson Lake, Nebraska
In Johnson Lake, 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 Gosper 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 Johnson Lake, 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 Johnson Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Johnson Lake is 68937, with a median tax bill of $3,180.
Average Johnson Lake Assessed Value
$283,810
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 Johnson Lake, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68937 | $83,704 | $164,604 | $283,810 | $429,391 | $579,166 |
Source: Ownwell
Property Tax Bills Across Johnson Lake, Nebraska
In Johnson Lake, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Factors such as location, property size, and improvements are considered in this assessment. Homeowners in Johnson Lake can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is around $1,962, while those at the 75th percentile can see bills as high as $4,792. At the 90th percentile, tax bills can reach up to $6,445. Comparatively, the highest median tax bill in the county is $3,180, which is on par with the national median property tax rate of 0.99%. These figures illustrate the range of property tax obligations homeowners might face, impacting their annual financial planning and overall cost of homeownership. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Johnson Lake Tax Bill
$3,180
Average Gosper County Tax Bill
$2,112
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson Lake, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68937 | $891 | $1,962 | $3,180 | $4,792 | $6,445 |
Source: Ownwell