Brandon, Nebraska Property Taxes
The median property tax rate in Brandon, NE is 1.03%, slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value in Brandon, the typical annual property tax bill reaches $305, which is significantly below the national median of $2,690. Property taxes in Brandon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brandon'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 Brandon 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
Brandon, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$305
Ownwell’s Brandon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brandon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brandon 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 Brandon, Nebraska
Property taxes in Brandon, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandon is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Brandon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandon 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 Brandon's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69140 zip code has the highest median property tax rate of 1.03%, while the 69140 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Brandon provides valuable insights into the varying tax landscape across Perkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brandon Tax Rate
1.03%
Average Perkins County Tax Rate
1.33%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69140 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Brandon, Nebraska
In Brandon, 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 Perkins 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 Brandon, 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. For example, homeowners in the 69140 zip code see the highest median tax bill at $305, while those in the same zip code also experience the lowest median tax bill at $305. 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 Brandon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brandon Assessed Value
$29,652
Average Perkins County Assessed Value
$109,935
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brandon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69140 | $11,625 | $18,385 | $29,652 | $40,920 | $47,680 |
Source: Ownwell
Property Tax Bills Across Brandon, Nebraska
In Brandon, NE, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the Perkins County assessor's office and reflects the market value of the property. Homeowners in Brandon see a range of tax bills, with the 25th percentile paying around $189 and the 75th percentile paying about $421, while the 90th percentile reaches up to $490. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, a median home price in Brandon is $29,652, which is significantly lower than the national median. This lower home value contributes to relatively modest tax bills compared to the national median property tax rate of 0.99%. Understanding how property taxes are calculated is crucial for homeowners, as it directly impacts their annual financial planning and overall housing costs. Accurate assessments and knowledge of local tax rates ensure homeowners are prepared for their property tax obligations.
Average Brandon Tax Bill
$305
Average Perkins County Tax Bill
$1,412
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69140 | $119 | $189 | $305 | $421 | $490 |
Source: Ownwell