Lewellen, Nebraska Property Taxes
The median property tax rate in Lewellen, NE is 1.20%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Lewellen at $94,970, the typical annual property tax bill amounts to $1,086, which is below the national median of $2,690. Property taxes in Lewellen are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lewellen'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 Lewellen or another part of Keith County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewellen, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,140
Ownwell’s Lewellen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewellen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewellen 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 Lewellen, Nebraska
Property taxes in Lewellen, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewellen is 1.20%, which is significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Lewellen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewellen 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 Lewellen's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69147 has the highest median property tax rate of 1.20%, while the same zip code also represents the lowest median tax rate of 1.20%. Understanding how these cities compare with Lewellen provides valuable insights into the varying tax landscape across Keith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewellen Tax Rate
1.20%
Average Keith County Tax Rate
1.22%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewellen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69147 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Lewellen, Nebraska
In Lewellen, 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 Keith 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 Lewellen, 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 Lewellen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lewellen is $94,970, with the highest median tax bill being $1,086 in zip code 69147.
Average Lewellen Assessed Value
$94,970
Average Keith County Assessed Value
$113,500
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewellen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69147 | $21,251 | $38,681 | $94,970 | $215,565 | $336,981 |
Source: Ownwell
Property Tax Bills Across Lewellen, Nebraska
In Lewellen, located in Keith 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. For example, with a median home price of $94,970, homeowners can expect a range of tax bills. At the 25th percentile, the tax bill is approximately $453, while at the 75th percentile, it rises to around $2,435. For those at the 90th percentile, the tax bill can reach up to $4,027. These amounts are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Lewellen's property tax rates can significantly impact homeowners, especially those with properties valued above the median. Understanding these factors is crucial for homeowners to anticipate their annual financial obligations and manage their budgets effectively.
Average Lewellen Tax Bill
$1,086
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewellen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69147 | $256 | $453 | $1,086 | $2,435 | $4,027 |
Source: Ownwell