Bee, Nebraska Property Taxes
The median property tax rate in BEE, NE is 1.06%, slightly higher than the national median of 0.99% but considerably lower than Nebraska's state median of 1.75%. With the median home value in BEE, the typical annual property tax bill reaches $5,208, significantly exceeding the national median of $2,690. Property taxes in BEE are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding BEE'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 BEE 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
Bee, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$5,166
$4,794
Ownwell’s BEE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BEE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BEE 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 Bee, Nebraska
Property taxes in BEE, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in BEE is 1.06%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within BEE set these rates annually, and they can vary significantly across different neighborhoods. Each year, BEE 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 BEE's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68314 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with BEE provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bee Tax Rate
1.06%
Average Butler County Tax Rate
1.49%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bee, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68314 | 1.05% | 1.05% | 1.06% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Bee, Nebraska
In BEE, 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 Butler 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 BEE, 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. For instance, the median home price in BEE is $487,340, with tax bills ranging from $2,169 at the 25th percentile to $8,163 at the 90th percentile. The zip code with the highest median tax bill is 68314, amounting to $5,208. 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 BEE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bee Assessed Value
$487,340
Average Butler County Assessed Value
$140,672
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bee, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68314 | $126,425 | $203,422 | $487,340 | $597,441 | $780,015 |
Source: Ownwell
Property Tax Bills Across Bee, Nebraska
In BEE, located in Butler County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor’s office. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in BEE, the tax rate is influenced by various factors including the county’s budget needs, school district funding, and other local levies. The median home price in BEE is $487,340, resulting in a range of tax bills. Homeowners in the 25th percentile pay around $2,169, while those in the 75th percentile face bills up to $6,306. The 90th percentile sees tax bills as high as $8,163. These figures indicate a significant variation in tax bills, reflecting differences in property values and specific neighborhood levies. The highest and lowest median tax bills in the area are both recorded at $5,208 in zip code 68314, aligning closely with the national median property tax rate of 0.99%. This variability in property tax bills can significantly impact homeowners' financial planning and overall cost of living.
Average Bee Tax Bill
$5,208
Average Butler County Tax Bill
$1,858
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bee, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68314 | $1,346 | $2,169 | $5,208 | $6,306 | $8,163 |
Source: Ownwell