Springfield, Nebraska Property Taxes
The median property tax rate in Springfield, NE is 1.53%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $307,118 in Springfield, the typical annual property tax bill reaches $4,011, significantly exceeding the national median of $2,690. Property taxes in Springfield are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Springfield'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 Springfield or another part of Sarpy County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springfield, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$4,699
Ownwell’s Springfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springfield 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 Springfield, Nebraska
Property taxes in Springfield, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springfield is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Springfield set these rates annually, and they can vary across different neighborhoods. Each year, Springfield 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 Springfield's effective property tax rate to other areas in Sarpy County and the national median. For comparison, the zip code 68059 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these areas compare with Springfield provides valuable insights into the varying tax landscape across Sarpy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springfield Tax Rate
1.53%
Average Sarpy County Tax Rate
1.93%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springfield, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68059 | 1.01% | 1.12% | 1.53% | 1.62% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Springfield, Nebraska
In Springfield, 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 Sarpy 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 Springfield 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 Springfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68059, with a tax bill of $4,011, which is significantly above the national median property tax rate of 0.99%.
Average Springfield Assessed Value
$307,118
Average Sarpy County Assessed Value
$239,278
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springfield, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68059 | $152,355 | $187,640 | $307,118 | $422,138 | $553,025 |
Source: Ownwell
Property Tax Bills Across Springfield, Nebraska
In Springfield, Sarpy County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. For instance, with a median home price of $307,118, homeowners in Springfield can expect varying tax bills depending on their property's assessed value and the applicable tax rate. The tax bills in Springfield show significant variation. For example, the 25th percentile tax bill is around $2,829, while the 75th percentile tax bill reaches $6,115. At the higher end, the 90th percentile tax bill is approximately $7,602. These figures highlight the impact of property values and tax rates on homeowners' financial obligations. Comparatively, the national median property tax rate stands at 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Springfield need to consider these factors when budgeting for their annual property tax expenses.
Average Springfield Tax Bill
$4,011
Average Sarpy County Tax Bill
$4,476
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Springfield, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68059 | $1,572 | $2,829 | $4,011 | $6,115 | $7,602 |
Source: Ownwell