Fremont, Nebraska Property Taxes
The median property tax rate in Fremont, Nebraska is 1.79%, notably higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $141,361 in Fremont, the typical annual property tax bill comes to $2,544, which is still below the national median of $2,690. Property taxes in Fremont are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Fremont'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 Fremont or another part of Dodge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fremont, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,530
$2,348
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Nebraska
Property taxes in Fremont, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.79%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68025 zip code has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Fremont provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
1.79%
Average Dodge County Tax Rate
1.79%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | 1.57% | 1.79% | 1.79% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Nebraska
In Fremont, 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 Dodge 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 Fremont, 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 Fremont is $141,361, with tax bills ranging from $1,653 at the 25th percentile to $4,935 at the 90th percentile. The highest and lowest median tax bills are both found in the 68025 zip code, amounting to $2,544. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Fremont Assessed Value
$141,361
Average Dodge County Assessed Value
$133,688
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $15,022 | $88,544 | $141,361 | $193,155 | $275,258 |
Source: Ownwell
Property Tax Bills Across Fremont, Nebraska
In Fremont, located in Dodge County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Fremont is $141,361, and property taxes are calculated by applying the local tax rate to this assessed value. Various factors influence the final tax bill, including the property's location, size, and improvements. For homeowners, this means that a property with a median value might expect a tax bill around the 25th percentile at $1,653, while those at the higher end could see bills reach the 75th percentile at $3,484, or even up to the 90th percentile at $4,935. The highest median tax bill in the area is $2,544, which is notably higher than the national median property tax rate of 0.99%. These figures highlight the significant impact property taxes can have on homeowners, influencing their annual financial planning and overall cost of homeownership.
Average Fremont Tax Bill
$2,544
Average Dodge County Tax Bill
$2,379
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $738 | $1,653 | $2,544 | $3,484 | $4,935 |
Source: Ownwell