Comstock, Nebraska Property Taxes
The median property tax rate in Comstock, NE is 1.68%, which is higher than the national median of 0.99% but slightly lower than the Nebraska state median of 1.75%. With the median home value in Comstock at $45,774, the typical annual property tax bill is approximately $764, which is below the national median of $2,690. Property taxes in Comstock are calculated based on the assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Navigating Comstock’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 Comstock 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
Comstock, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$769
$714
Ownwell’s Comstock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comstock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comstock 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 Comstock, Nebraska
Property taxes in Comstock, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Comstock is 1.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within Comstock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comstock 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 Comstock's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68828 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Comstock provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comstock Tax Rate
1.68%
Average Custer County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comstock, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68828 | 1.13% | 1.16% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Comstock, Nebraska
In Comstock, 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 Custer 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 Comstock, 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 Comstock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Comstock are both $764, found in the zip code 68828.
Average Comstock Assessed Value
$45,774
Average Custer County Assessed Value
$99,711
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comstock, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68828 | $5,769 | $15,997 | $45,774 | $256,886 | $464,600 |
Source: Ownwell
Property Tax Bills Across Comstock, Nebraska
In Comstock, located in Custer County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local property tax rate to determine the tax bill. The property tax rate in Comstock is influenced by various factors including local government budgets, school district funding needs, and public services. For homeowners in Comstock, the median home price is $45,774. The tax bill can vary significantly, with the 25th percentile paying around $246 and the 75th percentile paying up to $3,093. At the higher end, the 90th percentile tax bill reaches $5,985. The highest and lowest median tax bills in the area are both $764, found in the zip code 68828. These property taxes are crucial for funding essential services like education, emergency services, and infrastructure, directly impacting the quality of life for residents.
Average Comstock Tax Bill
$764
Average Custer County Tax Bill
$1,435
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Comstock, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68828 | $98 | $246 | $764 | $3,093 | $5,985 |
Source: Ownwell