Johnson Lake, Nebraska Property Taxes
The median property tax rate in Johnson Lake, NE is 1.22%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $302,474 in Johnson Lake, the typical annual property tax bill reaches $3,693, surpassing the national median of $2,690. Property taxes in Johnson Lake are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Johnson Lake'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 Johnson Lake 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
Johnson Lake, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$3,690
$3,424
Ownwell’s Johnson Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson Lake 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 Johnson Lake, Nebraska
Property taxes in Johnson Lake, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson Lake is 1.22%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Johnson Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson Lake 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 Johnson Lake'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 1.22%, while the 68937 zip code has the lowest median tax rate of 1.22%. Understanding how these cities compare with Johnson Lake 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 Johnson Lake 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 Johnson Lake, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68937 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| 69138 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Johnson Lake, Nebraska
In Johnson Lake, 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 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 Johnson Lake, 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. The median home price in Johnson Lake is $302,474, with tax bills varying significantly. For instance, the highest median tax bill is $5,271 in the 69138 zip code, while the lowest is $3,688 in the 68937 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnson Lake Assessed Value
$302,474
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 Johnson Lake, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68937 | $159,234 | $225,957 | $302,079 | $394,218 | $487,272 |
| 69138 | $431,760 | $431,760 | $431,760 | $431,760 | $431,760 |
Source: Ownwell
Property Tax Bills Across Johnson Lake, Nebraska
Property tax bills in Johnson Lake, located in Dawson County, NE, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in Johnson Lake typically see a variety of tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is around $2,766, while at the 75th percentile, it's approximately $4,817, and at the 90th percentile, it can reach up to $5,961. These figures show significant variability, reflecting differences in property values and assessments within the area. The median home price in Johnson Lake is about $302,474, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Johnson Lake may experience higher or lower rates based on local tax policies and property valuations. This variability in property tax bills can significantly impact homeowners' annual expenses, making it crucial to understand how these calculations are made.
Average Johnson Lake Tax Bill
$3,693
Average Dawson County Tax Bill
$1,900
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson Lake, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68937 | $1,899 | $2,766 | $3,688 | $4,805 | $5,972 |
| 69138 | $5,271 | $5,271 | $5,271 | $5,271 | $5,271 |
Source: Ownwell