David City, Nebraska Property Taxes
The median property tax rate in David City, NE is 1.49%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in David City at $142,375, the typical annual property tax bill reaches $1,973, which is below the national median of $2,690. Property taxes in David City 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 David City'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 David City or another part of Butler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
David City, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$2,121
$1,969
Ownwell’s DAVID CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DAVID CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DAVID CITY 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 David City, Nebraska
Property taxes in David City, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in David City is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within David City set these rates annually, and they can vary significantly across different neighborhoods. Each year, David City 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 David City's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68632 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with David City 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 David City Tax Rate
1.49%
Average Butler County Tax Rate
1.49%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across David City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68632 | 1.08% | 1.09% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across David City, Nebraska
In David City, 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 Assessor's Office 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 David City, 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 David City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1,973 in zip code 68632, while the lowest median tax bill is also $1,973 in the same zip code.
Average David City Assessed Value
$142,375
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 David City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68632 | $38,841 | $78,580 | $142,375 | $230,700 | $385,787 |
Source: Ownwell
Property Tax Bills Across David City, Nebraska
Property tax bills in David City, Butler County, NE, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local county assessor and reflects the market value of the home. In David City, the median home price is $142,375. To calculate the property tax bill, this assessed value is multiplied by the local tax rate. Several factors influence the assessed value, including property size, location, and condition. Homeowners in David City can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,063 and the 75th percentile reaching $3,177. The 90th percentile tax bill goes up to $5,150. These property taxes provide essential funding for local services such as schools, infrastructure, and emergency services. While the national median property tax rate is 0.99%, it's crucial for homeowners to understand their local rates and assessed values to anticipate their annual tax obligations accurately.
Average David City Tax Bill
$1,973
Average Butler County Tax Bill
$1,858
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across David City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68632 | $540 | $1,063 | $1,973 | $3,177 | $5,150 |
Source: Ownwell