Burt County Property Taxes
The median property tax rate in Burt County is 2.13%, which is significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Burt County at $83,382, the typical annual property tax bill comes to $1,641, which is still below the national median of $2,690. Property taxes in Burt 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 Burt 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 Tekamah or another part of Burt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burt County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$1,776
Ownwell’s Burt County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Burt County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Burt 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 Burt County, Nebraska
Property taxes in Burt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Burt County is 2.13%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Burt County set these rates annually, and they can vary significantly between different areas within the county. Each year, Burt 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. The following data compares Burt County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Lyons has one of the higher property tax rates in Nebraska at 2.35%, while the city of Hooper boasts one of the lowest at 1.21%. Analyzing how Burt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Burt County Tax Rate
2.13%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burt County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bancroft | 1.19% | 1.26% | 1.37% | 1.49% | 1.56% |
| Craig | 1.21% | 1.24% | 1.46% | 2.15% | 2.15% |
| Decatur | 1.26% | 1.62% | 2.07% | 2.07% | 2.07% |
| Herman | 1.21% | 1.23% | 1.25% | 1.26% | 1.26% |
| Hooper | 1.21% | 1.21% | 1.21% | 1.22% | 1.22% |
| Lyons | 1.48% | 1.60% | 2.35% | 2.35% | 2.35% |
| Mondamin | 1.24% | 1.24% | 1.24% | 1.24% | 1.24% |
| Oakland | 1.41% | 1.44% | 2.16% | 2.16% | 2.16% |
| Tekamah | 1.24% | 1.26% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Burt County, Nebraska
In Burt 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 Burt 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 Burt 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. Burt County's highest median tax bill is in Herman at $5,489, while the lowest is in Mondamin at $417. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Burt County Assessed Value
$83,382
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burt County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bancroft | $82,457 | $100,734 | $131,196 | $161,657 | $179,934 |
| Craig | $15,629 | $40,146 | $102,860 | $240,388 | $532,044 |
| Decatur | $10,456 | $21,172 | $44,539 | $113,516 | $317,130 |
| Herman | $67,983 | $136,072 | $441,071 | $857,552 | $1,560,187 |
| Hooper | $220,941 | $282,792 | $385,876 | $488,961 | $550,812 |
| Lyons | $23,260 | $41,084 | $77,686 | $155,353 | $407,513 |
| Mondamin | $8,479 | $12,762 | $31,386 | $55,727 | $75,382 |
| Oakland | $30,625 | $53,486 | $88,376 | $177,325 | $465,291 |
| Tekamah | $27,420 | $53,937 | $93,516 | $170,778 | $326,652 |
Source: Ownwell
Property Tax Bills Across Burt County, Nebraska
In Burt County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. The median home price in Burt County is $83,382, and property tax bills vary significantly across different percentiles. For instance, homeowners in the 25th percentile pay around $783 annually, while those in the 75th percentile face a tax bill of approximately $3,070. At the 90th percentile, the tax bill can reach up to $6,095. Comparatively, Burt County’s property tax rates can be higher than the national median property tax rate of 0.99%, especially in areas like Herman, where the median tax bill is $5,489. Conversely, homeowners in Mondamin benefit from lower tax bills, with a median of $417. These variations can significantly impact homeowners' financial planning and budgeting.
Average Burt County Tax Bill
$1,641
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Burt County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bancroft | $1,234 | $1,393 | $1,658 | $1,923 | $2,082 |
| Craig | $255 | $743 | $1,555 | $3,479 | $7,168 |
| Decatur | $186 | $367 | $858 | $1,961 | $5,230 |
| Herman | $808 | $1,558 | $5,489 | $10,360 | $19,104 |
| Hooper | $2,688 | $3,430 | $4,666 | $5,902 | $6,643 |
| Lyons | $471 | $850 | $1,715 | $3,138 | $6,432 |
| Mondamin | $104 | $155 | $417 | $707 | $933 |
| Oakland | $580 | $1,064 | $1,827 | $3,216 | $7,479 |
| Tekamah | $448 | $932 | $1,820 | $3,113 | $5,503 |
Source: Ownwell