Dunning, Nebraska Property Taxes
The median property tax rate in Dunning, Nebraska is 1.53%, notably higher than the national median of 0.99%, yet lower than the Nebraska state median of 1.75%. With the median home value in Dunning at $66,873, the typical annual property tax bill amounts to $772, which is below the national median of $2,690. Property taxes in Dunning are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dunning'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 Dunning or another part of Blaine County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunning, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,023
$949
Ownwell’s Dunning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunning 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 Dunning, Nebraska
Property taxes in Dunning, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunning is 1.53%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Dunning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunning 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 Dunning's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68833 zip code has the highest median property tax rate of 1.53%, while the same 68833 zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Dunning provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunning Tax Rate
1.53%
Average Blaine County Tax Rate
0.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunning, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68833 | 0.81% | 0.82% | 1.53% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Dunning, Nebraska
In Dunning, 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 Blaine 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 Dunning 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 Dunning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dunning, the zip code with the highest median tax bill is 68833, with a median tax bill of $772. Understanding these details can help homeowners make informed decisions about their property taxes.
Average Dunning Assessed Value
$66,873
Average Blaine County Assessed Value
$93,464
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunning, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68833 | $4,875 | $18,346 | $66,873 | $189,280 | $432,093 |
Source: Ownwell
Property Tax Bills Across Dunning, Nebraska
Property tax bills in Dunning, located in Blaine County, NE, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For example, with a median home price of $66,873, the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Dunning can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $252, while at the 75th percentile, it rises to $1,788. The 90th percentile sees tax bills as high as $3,533. These variations can significantly affect homeowners, impacting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Dunning's property tax rates reflect the local economic conditions and funding needs for public services.
Average Dunning Tax Bill
$772
Average Blaine County Tax Bill
$986
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunning, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68833 | $62 | $252 | $772 | $1,788 | $3,533 |
Source: Ownwell