Dickens, Nebraska Property Taxes
The median property tax rate in Dickens, NE is 1.22%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $237,131 in Dickens, the typical annual property tax bill reaches $3,058, surpassing the national median of $2,690. Property taxes in Dickens are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Dickens'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 Dickens or another part of Lincoln County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dickens, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,893
Ownwell’s Dickens Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dickens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickens to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax calculations, incorporating any applicable exemptions.
Property Tax Rates Across Dickens, Nebraska
Property taxes in Dickens, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickens is 1.22%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Dickens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickens 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 Dickens's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69132 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Dickens provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickens Tax Rate
1.22%
Average Lincoln County Tax Rate
1.93%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickens, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69132 | 1.20% | 1.21% | 1.22% | 1.23% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Dickens, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dickens, Nebraska. 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 Lincoln 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 Dickens, 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. For instance, the median home price in Dickens is $237,131, with tax bills ranging significantly across the area. The 25th percentile tax bill is $1,654, while the 75th percentile tax bill is $5,405, and the 90th percentile tax bill reaches $10,440. The highest and lowest median tax bill in the area is $3,058, found in zip code 69132. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dickens Assessed Value
$237,131
Average Lincoln County Assessed Value
$120,701
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickens, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69132 | $58,018 | $137,992 | $237,131 | $451,215 | $847,284 |
Source: Ownwell
Property Tax Bills Across Dickens, Nebraska
In Dickens, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Dickens, located in Lincoln County, face a range of property tax bills. For example, the 25th percentile tax bill is $1,654, while those in the 75th percentile pay around $5,405. At the higher end, the 90th percentile tax bill reaches $10,440. Compared to the national median property tax rate of 0.99%, the property tax burden in Dickens can significantly impact homeowners, particularly those with higher-valued properties. The highest median tax bill in the area is $3,058, found in the 69132 zip code. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly affecting the community's quality of life. Understanding how these taxes are calculated helps homeowners better manage their financial planning and obligations.
Average Dickens Tax Bill
$3,058
Average Lincoln County Tax Bill
$2,112
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickens, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69132 | $609 | $1,654 | $3,058 | $5,405 | $10,440 |
Source: Ownwell