Furnas County Property Taxes
The median property tax rate in Furnas County is 1.80%, which is significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Furnas County at $62,290, the typical annual property tax bill reaches $1,054, which is below the national median of $2,690. Property taxes in Furnas County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Furnas County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Beaver City or another part of Furnas County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Furnas County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,121
$1,040
Ownwell’s Furnas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Furnas with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Furnas to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Furnas County, Nebraska
Property taxes in Furnas County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Furnas County is 1.80%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Furnas County set these rates annually, and they can vary significantly between different areas within the county. Each year, Furnas County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Cambridge has one of the higher property tax rates in Nebraska at 1.86%, while the city of Stamford boasts one of the lowest at 1.28%. Analyzing how Furnas County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Furnas County Tax Rate
1.80%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Furnas County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | 1.32% | 1.82% | 1.82% | 1.82% | 1.82% |
| Beaver City | 1.26% | 1.57% | 1.76% | 1.76% | 1.76% |
| Cambridge | 1.35% | 1.86% | 1.86% | 1.86% | 1.86% |
| Edison | 1.29% | 1.33% | 1.71% | 1.74% | 1.74% |
| Hendley | 1.14% | 1.28% | 1.78% | 1.78% | 1.78% |
| Holbrook | 1.32% | 1.33% | 1.80% | 1.80% | 1.80% |
| Oxford | 1.27% | 1.28% | 1.80% | 1.80% | 1.80% |
| Stamford | 1.26% | 1.27% | 1.28% | 1.35% | 1.36% |
| Wilsonville | 1.11% | 1.33% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Furnas County, Nebraska
In Furnas County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Furnas County Appraisal District. The assessed value, however, 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. Assessment notices in Furnas County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The highest median tax bill in the county is in Stamford at $1,960, while Edison has the lowest at $391. Being aware of these valuation processes in Furnas County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Furnas County Assessed Value
$62,290
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Furnas County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | $32,171 | $52,685 | $82,475 | $134,708 | $225,925 |
| Beaver City | $5,250 | $18,545 | $40,260 | $81,980 | $209,708 |
| Cambridge | $29,786 | $48,401 | $89,035 | $164,241 | $263,057 |
| Edison | $2,236 | $7,160 | $22,280 | $56,596 | $166,375 |
| Hendley | $3,043 | $14,388 | $27,905 | $181,142 | $306,954 |
| Holbrook | $5,682 | $12,646 | $33,118 | $84,246 | $270,614 |
| Oxford | $8,838 | $27,015 | $48,340 | $98,490 | $205,325 |
| Stamford | $67,140 | $117,140 | $173,790 | $364,625 | $584,445 |
| Wilsonville | $2,608 | $6,680 | $29,950 | $80,469 | $346,756 |
Source: Ownwell
Property Tax Bills Across Furnas County, Nebraska
In Furnas County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the county is $62,290, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. Homeowners in Furnas County experience varying tax bills, with the 25th percentile at $459, the 75th percentile at $2,061, and the 90th percentile reaching up to $3,713. These figures highlight the disparity in tax burdens among residents. Compared to the national median property tax rate of 0.99%, homeowners in Furnas County may find their property taxes to be relatively manageable, depending on their property's assessed value. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners differently based on their property's worth and location.
Average Furnas County Tax Bill
$1,054
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Furnas County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arapahoe | $429 | $909 | $1,459 | $2,378 | $3,653 |
| Beaver City | $84 | $296 | $698 | $1,388 | $2,895 |
| Cambridge | $500 | $837 | $1,565 | $2,777 | $4,322 |
| Edison | $37 | $115 | $391 | $866 | $2,307 |
| Hendley | $31 | $199 | $523 | $2,367 | $3,877 |
| Holbrook | $92 | $216 | $550 | $1,290 | $3,595 |
| Oxford | $149 | $439 | $848 | $1,630 | $2,875 |
| Stamford | $859 | $1,291 | $1,960 | $4,621 | $7,920 |
| Wilsonville | $40 | $102 | $440 | $989 | $4,211 |
Source: Ownwell