Lewiston, Nebraska Property Taxes
The median property tax rate in Lewiston, NE is 1.48%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $30,322 in Lewiston, the typical annual property tax bill is $462, well below the national median of $2,690. Property taxes in Lewiston are determined based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Lewiston's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Lewiston or another area within Pawnee County, gaining insights into the local property tax system will prove beneficial.
Last Updated June 14, 2024
Lewiston, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$449
Ownwell’s Lewiston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewiston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewiston 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 Lewiston, Nebraska
Property taxes in Lewiston, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewiston is 1.48%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Lewiston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewiston 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 Lewiston's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68380 zip code has the highest median property tax rate of 1.48%, while the 68380 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Lewiston provides valuable insights into the varying tax landscape across Pawnee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewiston Tax Rate
1.48%
Average Pawnee County Tax Rate
1.35%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewiston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68380 | 1.08% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Lewiston, Nebraska
In Lewiston, 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 Pawnee 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 Lewiston, 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. Lewiston has a median home price of $30,322, with tax bills ranging from $158 at the 25th percentile to $1,242 at the 90th percentile. The highest and lowest median tax bills are both $462 in zip code 68380. 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 Lewiston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lewiston Assessed Value
$30,322
Average Pawnee County Assessed Value
$62,218
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewiston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68380 | $6,816 | $12,179 | $30,322 | $48,804 | $94,470 |
Source: Ownwell
Property Tax Bills Across Lewiston, Nebraska
In Lewiston, located in Pawnee County, NE, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Lewiston is $30,322, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For instance, tax bills in Lewiston range significantly, with the 25th percentile at $158 and the 90th percentile reaching up to $1,242. This variation reflects differences in property values and specific assessments. Homeowners in Lewiston often find their tax bills influenced by these assessments, which can affect their overall financial planning and homeownership costs. Compared to the national median property tax rate of 0.99%, Lewiston's property tax bills are relatively modest, offering a more affordable option for homeowners in the region.
Average Lewiston Tax Bill
$462
Average Pawnee County Tax Bill
$947
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewiston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68380 | $101 | $158 | $462 | $728 | $1,242 |
Source: Ownwell