Surprise, Nebraska Property Taxes
The median property tax rate in Surprise, NE is 1.44%, which is higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Surprise at $96,150, the typical annual property tax bill amounts to $1,099, falling below the national median of $2,690. Property taxes in Surprise are calculated based on the tax assessed value, which often comes in below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Surprise'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 Surprise or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Surprise, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,385
Ownwell’s Surprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Surprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Surprise 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 Surprise, Nebraska
Property taxes in Surprise, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Surprise stands at 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Surprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Surprise 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 Surprise's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68667 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Surprise 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 Surprise Tax Rate
1.44%
Average Butler County Tax Rate
1.49%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Surprise, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68667 | 1.07% | 1.07% | 1.44% | 1.45% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Surprise, Nebraska
In Surprise, 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 Surprise, 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 Surprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68667 in Surprise has a median tax bill of $1,099, which can help homeowners gauge their expected tax liabilities.
Average Surprise Assessed Value
$96,150
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 Surprise, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68667 | $6,360 | $38,456 | $96,150 | $187,602 | $688,634 |
Source: Ownwell
Property Tax Bills Across Surprise, Nebraska
In Surprise, property tax bills are calculated based on the assessed value of a home, which is determined by the Butler County tax assessor. The assessed value typically reflects a percentage of the property's market value. For instance, with a median home price of $96,150, homeowners can expect their tax bills to vary significantly. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax rate in Surprise is compared to the national median property tax rate of 0.99%. Homeowners in the 25th percentile might pay around $460, while those in the 75th percentile could see bills as high as $1,982. For the top 10% of properties, tax bills can soar to $7,761. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly. With the highest and lowest median tax bills both at $1,099 in the 68667 zip code, it’s clear that property taxes can vary widely within the region, impacting homeowners differently based on their specific property attributes.
Average Surprise Tax Bill
$1,099
Average Butler County Tax Bill
$1,858
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Surprise, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68667 | $85 | $460 | $1,099 | $1,982 | $7,761 |
Source: Ownwell