Naper, Nebraska Property Taxes
The median property tax rate in Naper, NE is 1.05%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Naper at $131,570, the typical annual property tax bill is $1,695, which is below the national median of $2,690. Property taxes in Naper are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Naper'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 Naper 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
Naper, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,381
$1,282
Ownwell’s Naper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naper 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 Naper, Nebraska
Property taxes in Naper, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naper is 1.05%, slightly higher than the U.S. national median of 0.99%. Local government entities within Naper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naper 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 Naper's effective property tax rate to other areas in Nebraska and the national median. For comparison, the 68755 zip code has both the highest and lowest median property tax rate of 1.05%. Understanding how these cities compare with Naper 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 Naper Tax Rate
1.05%
Average Boyd County Tax Rate
1.36%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naper, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68755 | 1.04% | 1.04% | 1.05% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Naper, Nebraska
In Naper, 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 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 Naper, 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 Naper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,695 in the 68755 zip code, while the lowest is also $1,695 in the same zip code.
Average Naper Assessed Value
$131,570
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 Naper, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68755 | $6,205 | $21,610 | $131,570 | $358,555 | $564,061 |
Source: Ownwell
Property Tax Bills Across Naper, Nebraska
In Naper, Boyd County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $131,570. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $265 and the 75th percentile reaching up to $3,756. At the 90th percentile, tax bills can be as high as $5,843. These taxes are used to fund essential public services like schools, roads, and emergency services. Several factors influence the final tax bill, including the home's assessed value, which is determined by the county assessor, and the local tax rate set by various taxing entities. Homeowners with higher-valued properties will generally pay more in taxes. For example, the highest median tax bill recorded in the area is $1,695, which is relatively low compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Naper Tax Bill
$1,695
Average Boyd County Tax Bill
$645
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Naper, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68755 | $84 | $265 | $1,695 | $3,756 | $5,843 |
Source: Ownwell