Gretna, Nebraska Property Taxes
The median property tax rate in Gretna, NE is 1.87%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Gretna, the typical annual property tax bill reaches $12,802, exceeding the national median of $2,690. Property taxes in Gretna 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 Gretna'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 Gretna 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
Gretna, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$13,711
Ownwell’s Gretna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gretna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gretna 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 Gretna, Nebraska
Property taxes in Gretna, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gretna is 1.87%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Gretna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gretna 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 Gretna's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68028 has the same median property tax rate of 1.87%. Understanding how these areas compare with Gretna provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gretna Tax Rate
1.87%
Average Douglas County Tax Rate
1.96%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gretna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68028 | 1.75% | 1.80% | 1.87% | 1.98% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Gretna, Nebraska
In Gretna, 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 Douglas 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 Gretna, 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 Gretna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68028, with a median tax bill of $12,802.
Average Gretna Assessed Value
$733,190
Average Douglas County Assessed Value
$206,800
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gretna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68028 | $182,600 | $403,330 | $733,190 | $998,060 | $1,266,600 |
Source: Ownwell
Property Tax Bills Across Gretna, Nebraska
In Gretna, located in Douglas County, NE, property tax bills are calculated based on the assessed value of a home. The county assessor determines this value annually, considering factors such as the property's size, location, and market conditions. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $733,190, homeowners in Gretna can expect varying tax bills. The 25th percentile tax bill is around $7,790, while the 75th percentile reaches up to $18,647. The 90th percentile tax bill can go as high as $26,014. Interestingly, the highest and lowest median tax bills in the area are both $12,802, found in the zip code 68028. These property taxes significantly impact homeowners, as they represent a substantial annual expense. Compared to the national median property tax rate of 0.99%, Douglas County's rates can lead to higher tax bills, reflecting the area's higher property values and local tax policies.
Average Gretna Tax Bill
$12,802
Average Douglas County Tax Bill
$3,997
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gretna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68028 | $2,217 | $7,790 | $12,802 | $18,647 | $26,014 |
Source: Ownwell