Plattsmouth, Nebraska Property Taxes
The median property tax rate in Plattsmouth, NE is 1.99%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Plattsmouth, the typical annual property tax bill reaches $3,170, exceeding the national median of $2,690. Property taxes in Plattsmouth 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 Plattsmouth'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 Plattsmouth 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
Plattsmouth, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$3,777
Ownwell’s Plattsmouth Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Plattsmouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plattsmouth 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 Plattsmouth, Nebraska
Property taxes in Plattsmouth, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plattsmouth is 1.99%, notably higher than the U.S. national median of 0.99%. Local government entities within Plattsmouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plattsmouth 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 Plattsmouth's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68048 zip code has the highest median property tax rate of 1.99%, while the same zip code also has the lowest median tax rate of 1.99%. Understanding how these cities compare with Plattsmouth provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plattsmouth Tax Rate
1.99%
Average Cass County Tax Rate
1.72%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plattsmouth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68048 | 1.44% | 1.44% | 1.99% | 1.99% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Plattsmouth, Nebraska
In Plattsmouth, 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 Cass 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 Plattsmouth, 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 Plattsmouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Plattsmouth is $189,820. The highest median tax bill is $3,170 in zip code 68048, while the lowest median tax bill is also $3,170 in the same zip code.
Average Plattsmouth Assessed Value
$189,820
Average Cass County Assessed Value
$194,901
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plattsmouth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68048 | $52,573 | $113,728 | $189,820 | $308,136 | $437,417 |
Source: Ownwell
Property Tax Bills Across Plattsmouth, Nebraska
In Plattsmouth, located in Cass County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Plattsmouth, the median home price is $189,820, and tax bills can vary significantly. The 25th percentile tax bill is around $1,896, while the 75th percentile tax bill can go up to $5,321. At the 90th percentile, homeowners might pay as much as $7,336. Compared to the national median property tax rate of 0.99%, these figures illustrate the potential variability in property tax burdens within the area. Homeowners need to be aware of these factors as they directly impact their annual financial obligations and overall cost of homeownership.
Average Plattsmouth Tax Bill
$3,170
Average Cass County Tax Bill
$3,260
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Plattsmouth, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68048 | $477 | $1,896 | $3,170 | $5,321 | $7,336 |
Source: Ownwell