Eustis, Nebraska Property Taxes
The median property tax rate in Eustis, NE is 1.22%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value in Eustis, the typical annual property tax bill reaches $4,728, exceeding the national median of $2,690. Property taxes in Eustis are calculated based on the assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Eustis'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 Eustis 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
Eustis, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$4,434
$4,115
Ownwell’s Eustis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eustis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eustis 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 Eustis, Nebraska
Property taxes in Eustis, Nebraska, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eustis is 1.22%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Eustis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eustis 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 Eustis's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69028 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Eustis provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eustis Tax Rate
1.22%
Average Dawson County Tax Rate
1.81%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eustis, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69028 | 1.21% | 1.21% | 1.22% | 1.22% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Eustis, Nebraska
In Eustis, 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 Dawson 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 Eustis, 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 Eustis 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 $4,728 in the 69028 zip code, while the lowest median tax bill is also $4,728 in the same zip code.
Average Eustis Assessed Value
$363,459
Average Dawson County Assessed Value
$101,091
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eustis, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69028 | $190,939 | $230,824 | $363,459 | $530,928 | $838,279 |
Source: Ownwell
Property Tax Bills Across Eustis, Nebraska
In Eustis, property tax bills are calculated based on the assessed value of a home, which is determined by the Dawson County assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Eustis, the median home price is $363,459, and the median property tax rate in the area is reflective of the county's needs and budget requirements. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Eustis can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $3,331, while at the 75th percentile, it can reach up to $6,582. At the 90th percentile, tax bills can be as high as $10,423. This variation underscores the importance of understanding how property assessments and tax rates impact overall tax obligations. Compared to the national median property tax rate of 0.99%, Eustis homeowners may find their rates competitive, yet it's crucial to stay informed and proactive in managing these expenses.
Average Eustis Tax Bill
$4,728
Average Dawson County Tax Bill
$1,900
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Eustis, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69028 | $2,379 | $3,331 | $4,728 | $6,582 | $10,423 |
Source: Ownwell