Brownville, Nebraska Property Taxes
The median property tax rate in Brownville, NE is 1.76%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Brownville at $83,922, the typical annual property tax bill reaches $1,442, which is below the national median of $2,690. Property taxes in Brownville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brownville'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 Brownville 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
Brownville, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$1,477
Ownwell’s Brownville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownville 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 Brownville, Nebraska
Property taxes in Brownville, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownville is 1.76%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Brownville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownville 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 Brownville's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68321 has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these areas compare with Brownville provides valuable insights into the varying tax landscape across Nemaha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownville Tax Rate
1.76%
Average Nemaha County Tax Rate
1.57%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68321 | 1.52% | 1.53% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Brownville, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brownville, Nebraska. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Nemaha 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. Assessment notices in Brownville 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 Brownville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Brownville is $1442 in zip code 68321, while the lowest is also $1442 in the same zip code.
Average Brownville Assessed Value
$83,922
Average Nemaha County Assessed Value
$86,266
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68321 | $12,812 | $46,632 | $83,922 | $152,670 | $236,148 |
Source: Ownwell
Property Tax Bills Across Brownville, Nebraska
In Brownville, Nemaha County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to compute the tax bill. For instance, with a median home price of $83,922, homeowners can expect varying tax bills. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can influence the assessed value and, consequently, the tax bill. Homeowners in Brownville experience a range of tax bills. At the 25th percentile, the tax bill is approximately $789, while at the 75th percentile, it reaches around $2,499. Those in the 90th percentile face tax bills as high as $3,932. Compared to the national median property tax rate of 0.99%, these figures highlight the variability within the region. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and plan their finances accordingly.
Average Brownville Tax Bill
$1,442
Average Nemaha County Tax Bill
$1,413
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68321 | $213 | $789 | $1,442 | $2,499 | $3,932 |
Source: Ownwell