Gothenburg, Nebraska Property Taxes
The median property tax rate in Gothenburg, NE is 1.40%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $284,980, the typical annual property tax bill in Gothenburg amounts to $3,619, surpassing the national median of $2,690. Property taxes here are based on the tax assessed value, which is usually lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Gothenburg'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 Gothenburg 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
Gothenburg, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,990
$3,702
Ownwell’s Gothenburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gothenburg with just two simple data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Gothenburg to provide an estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities. For those interested in more granular details, additional localized information is available by scrolling down. Your property's assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Gothenburg, Nebraska
Property taxes in Gothenburg, Nebraska, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Gothenburg is 1.40%, significantly higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Gothenburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gothenburg 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 Gothenburg's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69138 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Gothenburg 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 Gothenburg Tax Rate
1.40%
Average Custer County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gothenburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69138 | 1.06% | 1.08% | 1.40% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Gothenburg, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gothenburg, 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 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 Gothenburg, 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 median home price in Gothenburg is $284,980, with tax bills ranging from $2,184 at the 25th percentile to $8,934 at the 90th percentile. The highest and lowest median tax bills both stand at $3,619 in the 69138 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gothenburg Assessed Value
$284,980
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 Gothenburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69138 | $114,840 | $183,874 | $284,980 | $508,703 | $653,964 |
Source: Ownwell
Property Tax Bills Across Gothenburg, Nebraska
In Gothenburg, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Gothenburg, the median home price is $284,980. With the national median property tax rate at 0.99%, homeowners can expect their tax bills to vary significantly. Several factors influence the final tax bill, including property location, assessed value, and any applicable exemptions. Homeowners in the 25th percentile can expect a tax bill around $2,184, while those in the 75th percentile may see bills as high as $6,649. For those in the 90th percentile, tax bills can reach up to $8,934. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the quality of life in the community. High property taxes can impact affordability, while lower taxes may reflect fewer services available to residents.
Average Gothenburg Tax Bill
$3,619
Average Custer County Tax Bill
$1,435
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gothenburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69138 | $1,616 | $2,184 | $3,619 | $6,649 | $8,934 |
Source: Ownwell