Obert, Nebraska Property Taxes
The median property tax rate in Obert, NE is 1.10%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Obert, the typical annual property tax bill is $285, significantly below the national median of $2,690. Property taxes in Obert are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Obert'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 Obert or another part of Cedar County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Obert, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$292
Ownwell’s OBERT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OBERT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OBERT 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 Obert, Nebraska
Property taxes in Obert, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Obert is 1.10%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Obert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Obert 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 Obert's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68757 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Obert provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Obert Tax Rate
1.10%
Average Cedar County Tax Rate
1.45%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Obert, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68757 | 0.88% | 1.10% | 1.10% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Obert, Nebraska
In Obert, 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 Cedar 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 Obert, 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. The highest median tax bill in Obert is $285 in the 68757 zip code, while the lowest median tax bill is also $285 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Obert Assessed Value
$26,502
Average Cedar County Assessed Value
$117,330
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Obert, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68757 | $6,568 | $15,591 | $26,502 | $39,331 | $151,951 |
Source: Ownwell
Property Tax Bills Across Obert, Nebraska
In Obert, Cedar County, NE, property tax bills are calculated using the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is based on various factors, including the property's market value, location, and any improvements made. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Obert, the median home price is $26,502. The property tax bills can vary significantly, with the 25th percentile tax bill being $162 and the 75th percentile reaching $466. At the 90th percentile, homeowners might see tax bills as high as $1,426. These figures indicate that while some homeowners pay relatively modest amounts, others might face higher tax bills based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Cedar County's property tax bills reflect the local economic conditions and property values, affecting homeowners differently depending on their property's assessed value.
Average Obert Tax Bill
$285
Average Cedar County Tax Bill
$1,639
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Obert, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68757 | $69 | $162 | $285 | $466 | $1,426 |
Source: Ownwell