Concord, Nebraska Property Taxes
The median property tax rate in Concord, Nebraska is 1.71%, considerably higher than the national median of 0.99% but slightly lower than the Nebraska state median of 1.75%. With the median home value in Concord at $95,580, the typical annual property tax bill reaches $1,660, which is below the national median of $2,690. Property taxes in Concord 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 Concord'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 Concord 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
Concord, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$1,634
-$17,129
Ownwell’s Concord Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concord with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concord 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 Concord, Nebraska
Property taxes in Concord, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concord is 1.71%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Concord set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concord 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 Concord's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68728 zip code has both the highest and lowest median property tax rate of 1.71%. Understanding how these cities compare with Concord provides valuable insights into the varying tax landscape across Dixon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concord Tax Rate
1.71%
Average Dixon County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concord, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68728 | 1.13% | 1.25% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Concord, Nebraska
In Concord, 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 Dixon 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 Concord, 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. For instance, the median home price in Concord is $95,580, with tax bills varying significantly. The 25th percentile tax bill is $1,074, while the 75th percentile tax bill is $4,637. Notably, the highest median tax bill is $1,660 in the 68728 zip code, which also has the lowest median tax bill at the same amount. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Concord Assessed Value
$95,580
Average Dixon County Assessed Value
$96,112
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concord, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68728 | $33,244 | $63,222 | $95,580 | $380,598 | $804,116 |
Source: Ownwell
Property Tax Bills Across Concord, Nebraska
In Concord, located in Dixon County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate set by local taxing authorities. Homeowners in Concord experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,074, while the 75th percentile tax bill is $4,637. The 90th percentile tax bill can go up to $9,390, indicating that higher-value properties face significantly larger tax obligations. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. With a median home price of $95,580, homeowners must budget for these annual expenses, which can vary widely. Compared to the national median property tax rate of 0.99%, the property tax burden in Concord can be substantial, affecting household finances and the overall cost of homeownership in the area.
Average Concord Tax Bill
$1,660
Average Dixon County Tax Bill
$1,568
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Concord, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68728 | $586 | $1,074 | $1,660 | $4,637 | $9,390 |
Source: Ownwell