Lyons, Nebraska Property Taxes
The median property tax rate in Lyons, NE is 0.99%, aligning perfectly with the national median of 0.99% but still lower than the Nebraska state median of 1.75%. With the median home value in Lyons at $530,490, the typical annual property tax bill reaches $6,241, significantly surpassing the national median of $2,690. Property taxes in Lyons are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lyons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lyons 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
Lyons, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$5,252
$4,874
Ownwell’s Lyons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyons 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 Lyons, Nebraska
Property taxes in Lyons, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 1.27%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons' effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68038 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Lyons 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 Lyons Tax Rate
0.99%
Average Cuming County Tax Rate
1.19%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68038 | 0.97% | 0.98% | 0.99% | 1.18% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Nebraska
In Lyons, 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 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 Lyons, 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 Lyons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68038, amounting to $6,241 annually.
Average Lyons Assessed Value
$530,490
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 Lyons, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68038 | $310,068 | $432,545 | $530,490 | $652,855 | $759,300 |
Source: Ownwell
Property Tax Bills Across Lyons, Nebraska
Property tax bills in Lyons, located in Cuming County, NE, are calculated based on the assessed value of a property and the local tax rate. Homeowners in Lyons face a median home price of $530,490. The assessed value is a critical factor, as it determines the portion of the property’s market value subject to taxation. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. In Lyons, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $4,394, while the 75th percentile tax bill rises to $7,099, and the 90th percentile tax bill reaches $9,290. This variation highlights the impact of property values and the assessed rate on individual tax obligations. Homeowners in Lyons should be aware that their property taxes can significantly influence their annual financial planning, particularly when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate and manage their property tax responsibilities.
Average Lyons Tax Bill
$6,241
Average Cuming County Tax Bill
$1,766
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68038 | $3,019 | $4,394 | $6,241 | $7,099 | $9,290 |
Source: Ownwell