Lynch, Boyd County, Nebraska Property Taxes

Name: Property Tax Bills Across Lynch, Boyd County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lynch, Nebraska effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Lynch, Nebraska home value: $36,815
Median annual Lynch, Nebraska tax bill: $451, $1,949 lower than the national median property tax bill of $2,400.

How are property taxes in Boyd County calculated?

Property taxes in Lynch, Nebraska are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lynch’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lynch, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lynch, Boyd County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$387

$359

Ownwell’s Lynch Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lynch with just two data points. By entering your property's estimated assessed value, our calculator applies Lynch’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Boyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lynch, Boyd County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Lynch, located in Boyd County, Nebraska, the effective property tax rate is 1.05%. This rate aligns with the highest and lowest median tax rates within the state, which also stand at 1.05%. Compared to the national median property tax rate of 1.02%, Lynch's rate is slightly higher. However, the national median property tax bill is $2,400, providing a benchmark for comparison.

Understanding these rates is crucial for property owners, as they directly impact the annual cost of owning a home. By appealing property tax assessments or seeking exemptions, residents in Lynch can potentially reduce their tax burden. This knowledge empowers property owners to make informed decisions and manage their expenses effectively.

Property Tax Rates Across Lynch, Boyd County, Nebraska

Source: Ownwell

1.05%

1.29%

1.54%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lynch Taxx Rate

1.05%

Median Effective Boyd County Taxx Rate

1.36%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Lynch, Boyd County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68746	1.02%	1.04%	1.05%	1.36%	1.36%
68755	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lynch, Boyd County, Nebraska

When examining property taxes in Lynch, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Boyd County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Boyd County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lynch.

For example, the median home price in Lynch is $36,815, with tax bills ranging significantly across the county. Zip code 68746 has the highest median home price at $36,075.

Property Tax Assessment Values Across Lynch, Boyd County, Nebraska

Source: Ownwell

$20,165

$75,868

$131,570

Median Lynch Market Value

$36,815

Median Boyd County Market Value

$47,040

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Lynch, Boyd County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68746	$8,123	$14,945	$36,075	$77,055	$278,759
68755	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lynch, Boyd County, Nebraska

In Lynch, Nebraska, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location, size, and condition. In Boyd County, the median home price stands at $36,815, with property tax bills ranging from $152 at the 25th percentile to $2,875 at the 90th percentile. This range highlights the variability in tax bills that homeowners can experience based on their property's assessed value and location. Compared to the national median property tax bill of $2,400, Lynch's tax bills can be significantly lower, offering potential savings for homeowners. However, these savings can be maximized with proper tax management. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring that they are not overpaying. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities, offering peace of mind and financial relief.

Property Tax Bills Across Lynch, Boyd County, Nebraska

Source: Ownwell

$300

$998

$1,695

Median Lynch Tax Bill

$451

Median Boyd County Tax Bill

$645

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Lynch, Boyd County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68746	$88	$151	$450	$971	$2,876
68755	N/A	N/A	N/A	N/A	N/A

Source: Ownwell