Jackson, Nebraska Property Taxes
The median property tax rate in Jackson, NE is 1.56%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Jackson, the typical annual property tax bill reaches $2,821, exceeding the national median of $2,690. Property taxes in Jackson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jackson'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 Jackson 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
Jackson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,984
$2,769
Ownwell’s Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson 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 Jackson, Nebraska
Property taxes in Jackson, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson is 1.56%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68743 has the highest median property tax rate of 1.56%, while the same zip code also represents the lowest median tax rate of 1.56%. Understanding how these areas compare with Jackson provides valuable insights into the varying tax landscape across Dakota County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jackson Tax Rate
1.56%
Average Dakota County Tax Rate
1.91%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68743 | 1.14% | 1.52% | 1.56% | 1.57% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jackson, 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 Dakota County Assessor 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 Jackson, 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Dakota County is 68743, with a median tax bill of $2,821.
Average Jackson Assessed Value
$191,262
Average Dakota County Assessed Value
$134,320
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jackson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68743 | $76,765 | $121,548 | $191,262 | $280,272 | $408,426 |
Source: Ownwell
Property Tax Bills Across Jackson, Nebraska
In Jackson, Dakota County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Jackson is $191,262. Property tax rates are applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value and, consequently, the tax bill. Homeowners in Jackson can expect to pay property taxes within a range, with the 25th percentile tax bill at $1,723 and the 75th percentile reaching $4,508. For those at the higher end, the 90th percentile tax bill can be as much as $6,094. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. The highest and lowest median tax bills in Jackson are both $2,821, indicating a relatively consistent tax rate across the area. These property taxes are essential for funding local services such as schools, infrastructure, and public safety, directly impacting homeowners and their community.
Average Jackson Tax Bill
$2,821
Average Dakota County Tax Bill
$2,267
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68743 | $982 | $1,723 | $2,821 | $4,508 | $6,094 |
Source: Ownwell