Brainard, Nebraska Property Taxes
The median property tax rate in Brainard, Nebraska is 1.40%, which is higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value in Brainard, the typical annual property tax bill reaches $3,205, significantly exceeding the national median of $2,690. Property taxes in Brainard 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 Brainard'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 Brainard or another part of Saunders County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brainard, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$134
Ownwell’s Brainard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brainard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brainard 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 Brainard, Nebraska
Property taxes in Brainard, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brainard is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brainard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brainard 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 Brainard's effective property tax rate to other areas in Saunders County and the national median. For comparison, the zip code 68626 has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Brainard provides valuable insights into the varying tax landscape across Saunders County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brainard Tax Rate
1.40%
Average Saunders County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brainard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68626 | 1.26% | 1.31% | 1.40% | 1.49% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Brainard, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brainard, Nebraska. 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 Saunders 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 Brainard, 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. For instance, the median home price in Brainard is $9,557, with tax bills ranging significantly. The highest median tax bill is in the 68626 zip code, amounting to $3,205. By being aware of these valuation processes, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brainard Assessed Value
$9,557
Average Saunders County Assessed Value
$199,000
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brainard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68626 | $1,911 | $4,778 | $9,557 | $259,854 | $410,032 |
Source: Ownwell
Property Tax Bills Across Brainard, Nebraska
In Brainard, Saunders County, NE, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by local assessors and is used to calculate the tax bill. Homeowners in Brainard face a median property tax rate that is competitive compared to the national median of 0.99%. The tax bill can vary significantly, with the 25th percentile at $1,678 and the 75th percentile at $4,733. At the higher end, the 90th percentile tax bill reaches $5,649. Several factors influence the tax bill, including property location, size, and any applicable exemptions. For instance, the highest median tax bill in Saunders County is $3,205, found in zip code 68626. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners. Understanding how these factors contribute to the overall tax bill can help homeowners better manage their finances and plan for annual expenses.
Average Brainard Tax Bill
$3,205
Average Saunders County Tax Bill
$3,382
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Brainard, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68626 | $761 | $1,678 | $3,205 | $4,733 | $5,649 |
Source: Ownwell