Nemaha, Nebraska Property Taxes
The median property tax rate in Nemaha, NE is 1.57%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $51,298 in Nemaha, the typical annual property tax bill amounts to $803, falling below the national median of $2,690. Property taxes in Nemaha are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Nemaha's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Nemaha or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nemaha, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$805
Ownwell’s Nemaha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nemaha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nemaha 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 Nemaha, Nebraska
Property taxes in Nemaha, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nemaha is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nemaha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nemaha 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 Nemaha's effective property tax rate to other regions in Nebraska and the national median. For comparison, the zip code 68414 has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these figures compare with Nemaha 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 Nemaha Tax Rate
1.57%
Average Nemaha County Tax Rate
1.57%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nemaha, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68414 | 1.12% | 1.47% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Nemaha, Nebraska
In Nemaha, 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 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 Nemaha, 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. Nemaha's median home price is $51,298, with tax bills ranging from $344 at the 25th percentile to $4,909 at the 90th percentile. The highest and lowest median tax bills are both $803 in the 68414 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 Nemaha Assessed Value
$51,298
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 Nemaha, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68414 | $7,511 | $21,874 | $51,298 | $126,254 | $374,272 |
Source: Ownwell
Property Tax Bills Across Nemaha, Nebraska
Property tax bills in Nemaha, 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 market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Nemaha, the median home price is $51,298. Property tax bills can vary significantly, with the 25th percentile tax bill at $344 and the 75th percentile reaching $1,811. At the higher end, the 90th percentile tax bill is $4,909. These variations are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, homeowners in Nemaha may find their tax bills relatively manageable. However, even within the same zip code, tax bills can differ, as seen in zip code 68414, where the median tax bill is $803. This variability underscores the importance of understanding local property tax assessments and rates.
Average Nemaha Tax Bill
$803
Average Nemaha County Tax Bill
$1,413
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Nemaha, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68414 | $118 | $344 | $803 | $1,811 | $4,909 |
Source: Ownwell