Sumner, Nebraska Property Taxes
The median property tax rate in Sumner, NE is 1.91%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Sumner at $81,177, the typical annual property tax bill reaches $1,550, exceeding the national median of $2,690. Property taxes in Sumner 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 Sumner'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 Sumner 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
Sumner, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,550
$1,439
Ownwell’s Sumner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sumner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumner 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 Sumner, Nebraska
Property taxes in Sumner, Nebraska, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumner is 1.91%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Sumner set these rates annually, and they can vary across different neighborhoods. Each year, Sumner 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 Sumner's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68878 has both the highest and lowest median property tax rate of 1.91%. Understanding how these areas compare with Sumner 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 Sumner Tax Rate
1.91%
Average Dawson County Tax Rate
1.81%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68878 | 1.41% | 1.42% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Sumner, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sumner, Dawson County, 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 local assessment authorities 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 Sumner, 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 Sumner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median tax bill in the area ranges significantly, with the highest median tax bill recorded at $1,550 in zip code 68878. Knowing this can empower homeowners to take proactive steps in managing their property taxes.
Average Sumner Assessed Value
$81,177
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 Sumner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68878 | $8,880 | $37,180 | $81,177 | $181,176 | $569,280 |
Source: Ownwell
Property Tax Bills Across Sumner, Nebraska
In Sumner, located in Dawson County, NE, property tax bills are calculated based on the assessed value of a home combined with the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $81,177, homeowners can expect to pay a property tax bill that varies significantly. The 25th percentile tax bill is around $645, while the 75th percentile tax bill reaches $2,636. At the higher end, the 90th percentile tax bill can be as much as $8,207. These variations are influenced by factors such as the property’s location, size, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Sumner’s property tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Sumner Tax Bill
$1,550
Average Dawson County Tax Bill
$1,900
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68878 | $145 | $645 | $1,550 | $2,636 | $8,207 |
Source: Ownwell