Gothenburg, Nebraska Property Taxes
The median property tax rate in Gothenburg, NE is 1.94%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Gothenburg, the typical annual property tax bill reaches $2,156, slightly below the national median of $2,690. Property taxes in Gothenburg 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 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
1.94%
Estimate Property Tax Bill
$2,249
Ownwell’s Gothenburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gothenburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gothenburg 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 Gothenburg, Nebraska
Property taxes in Gothenburg, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gothenburg is 1.94%, significantly higher than both the Nebraska state median 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 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Gothenburg 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 Gothenburg Tax Rate
1.94%
Average Dawson County Tax Rate
1.81%
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 | 1.49% | 1.94% | 1.94% | 1.94% | 1.94% |
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 Dawson 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 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. 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 Gothenburg 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 $2,156 in the 69138 zip code, while the lowest is also $2,156 in the same zip code.
Average Gothenburg Assessed Value
$115,922
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 Gothenburg, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69138 | $39,235 | $71,423 | $115,922 | $184,183 | $293,170 |
Source: Ownwell
Property Tax Bills Across Gothenburg, Nebraska
In Gothenburg, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio. Factors such as location, property size, and home improvements can influence the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Gothenburg can expect to pay a range of property taxes. For instance, the tax bill at the 25th percentile is around $1,265, while at the 75th percentile, it reaches $3,421. At the 90th percentile, homeowners might see tax bills as high as $5,473. The median home price in Gothenburg is $115,922, and the median property tax rate in Dawson County is comparable to the national median of 0.99%. This system ensures that property taxes are proportionate to the property's value, directly affecting homeowners by contributing to local services and infrastructure.
Average Gothenburg Tax Bill
$2,156
Average Dawson County Tax Bill
$1,900
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 | $581 | $1,265 | $2,156 | $3,421 | $5,473 |
Source: Ownwell