Dodge, Nebraska Property Taxes
The median property tax rate in Dodge, NE is 0.88%, which is notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Dodge, the typical annual property tax bill reaches $4,414, surpassing the national median of $2,690. Property taxes in Dodge are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dodge'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 Dodge 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
Dodge, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$4,528
$4,202
Ownwell’s Dodge Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Dodge. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dodge to provide an accurate estimate of your property tax bill. This valuable tool allows you to understand your potential tax liabilities, helping you make informed decisions. For those interested in more detailed information, localized trends at the neighborhood level are available by scrolling down. Your property’s assessed value, determined by the county, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Dodge, Nebraska
Property taxes in Dodge, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodge is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Dodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodge 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 Dodge's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68633 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Dodge 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 Dodge Tax Rate
0.88%
Average Cuming County Tax Rate
1.19%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68633 | 0.86% | 0.87% | 0.88% | 0.89% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Dodge, Nebraska
In Dodge, 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 Cuming 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 Dodge, 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 Dodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,414 in the 68633 zip code, while the lowest is also $4,414 in the same zip code. This highlights the uniformity in the median tax bills within the region.
Average Dodge Assessed Value
$514,545
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 Dodge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68633 | $194,684 | $260,796 | $514,545 | $840,295 | $1,216,827 |
Source: Ownwell
Property Tax Bills Across Dodge, Nebraska
In Dodge, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Dodge is $514,545, and property tax bills vary significantly. For instance, homeowners in the 25th percentile pay around $2,300 annually, while those in the 75th percentile face bills of approximately $7,625. At the 90th percentile, the tax bill can reach up to $11,103. Several factors influence the property tax bill, including property size, location, and any applicable exemptions. These taxes are crucial for funding local services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Dodge's rates can represent a substantial portion of a homeowner’s annual expenses. Understanding how these taxes are calculated helps homeowners budget effectively and take advantage of any available exemptions to reduce their tax burden.
Average Dodge Tax Bill
$4,414
Average Cuming County Tax Bill
$1,766
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodge, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68633 | $1,714 | $2,300 | $4,414 | $7,625 | $11,103 |
Source: Ownwell