Thurston County Property Taxes
The median property tax rate in Thurston County is 1.87%, which is significantly higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Thurston County at $86,240, the typical annual property tax bill reaches $1,554, which is below the national median of $2,690. Property taxes in Thurston County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Thurston County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Pender or another part of Thurston County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thurston County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$1,613
Ownwell’s Thurston County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Thurston County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Thurston County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Thurston County, Nebraska
Property taxes in Thurston County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Thurston County is 1.87%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Thurston County set these rates annually, and they can vary significantly between different areas within the county. Each year, Thurston County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Walthill has one of the higher property tax rates in the region at 3.13%, while the city of Bancroft boasts one of the lowest at 1.29%. Analyzing how Thurston County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Thurston County Tax Rate
1.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thurston County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bancroft | 1.28% | 1.29% | 1.29% | 1.32% | 1.58% |
| Decatur | 1.23% | 1.37% | 1.64% | 1.72% | 1.75% |
| Emerson | 1.31% | 1.51% | 1.71% | 1.71% | 1.71% |
| Macy | 1.55% | 1.65% | 1.65% | 1.65% | 1.65% |
| Pender | 1.35% | 1.37% | 2.09% | 2.09% | 2.09% |
| Rosalie | 1.29% | 1.30% | 2.35% | 2.35% | 2.35% |
| Thurston | 1.30% | 1.32% | 1.36% | 1.81% | 1.81% |
| Wakefield | 1.49% | 1.49% | 1.50% | 1.50% | 1.50% |
| Walthill | 1.54% | 1.57% | 3.13% | 3.13% | 3.13% |
| Winnebago | 1.53% | 1.54% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Thurston County, Nebraska
In Thurston County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Thurston County Appraisal District. The assessed value, however, 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 Thurston County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Cities like Bancroft have the highest median tax bill at $5,116, while Macy has the lowest at $349. Being aware of these valuation processes in Thurston County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Thurston County, Nebraska
Source: Ownwell
$2,065
$200,162
$398,258
Average Thurston County Assessed Value
$86,240
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thurston County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bancroft | $68,029 | $80,781 | $398,258 | $563,204 | $829,783 |
| Decatur | $44,800 | $63,022 | $127,145 | $280,032 | $666,662 |
| Emerson | $21,827 | $33,448 | $61,640 | $100,925 | $364,892 |
| Macy | $3,245 | $9,124 | $20,558 | $47,569 | $246,193 |
| Pender | $41,672 | $70,425 | $123,230 | $203,390 | $427,904 |
| Rosalie | $6,987 | $21,121 | $35,580 | $111,431 | $387,605 |
| Thurston | $19,726 | $33,152 | $114,290 | $255,695 | $586,761 |
| Wakefield | $60,614 | $148,271 | $294,368 | $440,464 | $528,122 |
| Walthill | $3,985 | $9,585 | $25,665 | $91,225 | $332,360 |
| Winnebago | $8,780 | $19,575 | $95,130 | $206,430 | $406,940 |
Source: Ownwell
Property Tax Bills Across Thurston County, Nebraska
In Thurston County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Thurston County is $86,240, which provides a baseline for understanding local tax obligations. Factors such as property location, size, and condition can influence the assessed value, and subsequently, the tax bill. For instance, homeowners in Bancroft face the highest median tax bill in the county at $5,116, while those in Macy encounter the lowest at $349. The tax bill can vary significantly, with the 25th percentile at $608 and the 75th percentile at $3,310, reflecting the diversity in property values and conditions. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners need to be aware of these factors as they can significantly impact their annual financial planning and overall cost of homeownership.
Average Thurston County Tax Bill
$1,554
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Thurston County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bancroft | $987 | $1,087 | $5,116 | $7,288 | $10,699 |
| Decatur | $578 | $980 | $2,050 | $4,560 | $8,575 |
| Emerson | $357 | $579 | $1,000 | $1,625 | $5,530 |
| Macy | $58 | $152 | $349 | $880 | $4,915 |
| Pender | $789 | $1,364 | $2,440 | $3,944 | $7,033 |
| Rosalie | $143 | $494 | $813 | $1,535 | $5,283 |
| Thurston | $311 | $589 | $1,658 | $3,432 | $8,051 |
| Wakefield | $904 | $2,211 | $4,390 | $6,569 | $7,876 |
| Walthill | $107 | $292 | $749 | $1,608 | $5,157 |
| Winnebago | $171 | $373 | $1,690 | $3,840 | $6,142 |
Source: Ownwell