Bristow, Nebraska Property Taxes
The median property tax rate in Bristow, NE is 1.49%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Bristow, the typical annual property tax bill reaches $300, exceeding the national median of $2,690. Property taxes in Bristow 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 Bristow'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 Bristow 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
Bristow, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$300
Ownwell’s Bristow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bristow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bristow 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 Bristow, Nebraska
Property taxes in Bristow, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristow is 1.49%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Bristow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristow 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 Bristow's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68719 has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Bristow provides valuable insights into the varying tax landscape across Boyd County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bristow Tax Rate
1.49%
Average Boyd County Tax Rate
1.36%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bristow, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68719 | 1.03% | 1.04% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Bristow, Nebraska
In Bristow, 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 Boyd County Assessor 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 Bristow, 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. Being aware of these valuation processes in Bristow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bristow is $20,165, with tax bills ranging from $128 at the 25th percentile to $4,443 at the 90th percentile. The highest and lowest median tax bills are both found in the 68719 zip code, each at $300.
Average Bristow Assessed Value
$20,165
Average Boyd County Assessed Value
$47,040
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bristow, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68719 | $5,195 | $8,590 | $20,165 | $120,935 | $423,490 |
Source: Ownwell
Property Tax Bills Across Bristow, Nebraska
In Bristow, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as the home's size, location, and market conditions play a crucial role in determining the assessed value. For homeowners in Bristow, the median home price is $20,165, which serves as a baseline for tax calculations. The tax bill varies significantly across different percentiles. For instance, homeowners in the 25th percentile face a tax bill of $128, while those in the 75th percentile pay around $1,327. The 90th percentile sees a steep increase, with tax bills reaching up to $4,443. Compared to the national median property tax rate of 0.99%, Bristow's tax rates can be quite variable, impacting homeowners differently based on their home's assessed value. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Bristow Tax Bill
$300
Average Boyd County Tax Bill
$645
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bristow, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68719 | $76 | $128 | $300 | $1,327 | $4,443 |
Source: Ownwell