Exeter, Nebraska Property Taxes
The median property tax rate in Exeter, NE is 1.82%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Exeter, the typical annual property tax bill reaches $1,415, exceeding the national median of $2,690. Property taxes in Exeter 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 Exeter'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 Exeter 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
Exeter, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,492
Ownwell’s Exeter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Exeter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Exeter 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 Exeter, Nebraska
Property taxes in Exeter, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Exeter is 1.82%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Exeter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Exeter 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 Exeter's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68351 has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Exeter provides valuable insights into the varying tax landscape across Fillmore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Exeter Tax Rate
1.82%
Average Fillmore County Tax Rate
1.63%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Exeter, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68351 | 0.89% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Exeter, Nebraska
In Exeter, 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 Fillmore County Appraisal District 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 Exeter, 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 Exeter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,415 in zip code 68351, while the lowest median tax bill is also $1,415 in the same zip code.
Average Exeter Assessed Value
$82,005
Average Fillmore County Assessed Value
$93,580
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Exeter, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68351 | $20,545 | $44,399 | $82,005 | $149,296 | $348,063 |
Source: Ownwell
Property Tax Bills Across Exeter, Nebraska
In Exeter, located in Fillmore County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Exeter typically see a range of property tax bills, from the 25th percentile at $782 to the 75th percentile at $2,296, with the 90th percentile reaching up to $4,643. The median home price in Exeter is $82,005, and the property tax rate in Fillmore County is closely aligned with the national median property tax rate of 0.99%. Various factors influence the final tax bill, including property improvements, neighborhood changes, and local government budgets. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding how these elements interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Exeter Tax Bill
$1,415
Average Fillmore County Tax Bill
$1,380
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Exeter, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68351 | $357 | $782 | $1,415 | $2,296 | $4,643 |
Source: Ownwell