Beemer, Nebraska Property Taxes
The median property tax rate in Beemer, NE is 1.44%, which is above the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Beemer at $116,430, the typical annual property tax bill is around $1,544, which is less than the national median of $2,690. Property taxes in Beemer are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Beemer's property tax system, exploring the available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you reside in the center of Beemer or another part of Cuming County, a solid grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Beemer, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,677
Ownwell’s Beemer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beemer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beemer 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 Beemer, Nebraska
Property taxes in Beemer, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beemer is 1.44%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Beemer set these rates annually, and they can vary across different neighborhoods. Each year, Beemer 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 Beemer's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68716 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 Beemer provides valuable insights into the varying tax landscape across Cuming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beemer Tax Rate
1.44%
Average Cuming County Tax Rate
1.19%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beemer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68716 | 0.93% | 1.01% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Beemer, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beemer, Nebraska. 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 Cuming 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 Beemer, 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 highest median tax bill in the area is $1,544 in the 68716 zip code, while the lowest median tax bill is also $1,544 in the same zip code. 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 Beemer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beemer Assessed Value
$116,430
Average Cuming County Assessed Value
$148,485
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beemer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68716 | $26,457 | $62,635 | $116,430 | $218,402 | $553,125 |
Source: Ownwell
Property Tax Bills Across Beemer, Nebraska
In Beemer, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $116,430 in Cuming County, the assessed value is then multiplied by the local tax rate to determine the annual tax bill. This tax rate can vary, but the national median property tax rate is 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Beemer experience a range of tax bills, with the 25th percentile at $848 and the 75th percentile at $2,599. The 90th percentile can see tax bills as high as $5,642. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations.
Average Beemer Tax Bill
$1,544
Average Cuming County Tax Bill
$1,766
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Beemer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68716 | $301 | $848 | $1,544 | $2,599 | $5,642 |
Source: Ownwell