Western, Nebraska Property Taxes
The median property tax rate in WESTERN, NE is 1.15%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in WESTERN at $129,503, the typical annual property tax bill reaches $1,852, falling below the national median of $2,690. Property taxes in WESTERN are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding WESTERN'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 WESTERN 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
Western, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,489
Ownwell’s Western Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Western with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Western 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 Western, Nebraska
Property taxes in WESTERN, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WESTERN is 1.15%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within WESTERN set these rates annually, and they can vary significantly across different neighborhoods. Each year, WESTERN 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 WESTERN's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68464 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these cities compare with WESTERN provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Western Tax Rate
1.15%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Western, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68464 | 1.13% | 1.14% | 1.15% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Western, Nebraska
In WESTERN, 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 Jefferson 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 WESTERN, 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. In WESTERN, the highest median tax bill is $1,852 in the 68464 zip code, while the lowest median tax bill is also $1,852 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Western Assessed Value
$129,503
Average Jefferson County Assessed Value
$68,781
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Western, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68464 | $102,981 | $114,003 | $129,503 | $211,933 | $316,886 |
Source: Ownwell
Property Tax Bills Across Western, Nebraska
Property tax bills in Western, Jefferson County, NE are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in Western can expect their property tax bills to vary widely depending on their property's value. For example, the 25th percentile of tax bills is $1,367, while the 75th percentile reaches $2,388. Those at the 90th percentile face bills as high as $3,606. These tax bills are influenced by several factors, including property size, location, and improvements made to the property. Compared to the national median property tax rate of 0.99%, Western's property taxes can be considered relatively moderate. Homeowners in this area need to budget accordingly to manage these expenses, as property taxes significantly impact their overall cost of owning a home. The highest and lowest median tax bills in Jefferson County are both noted at $1,852, reflecting a consistent tax environment across different areas within the county.
Average Western Tax Bill
$1,852
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Western, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68464 | $1,332 | $1,367 | $1,852 | $2,388 | $3,606 |
Source: Ownwell