Barneston, Nebraska Property Taxes
The median property tax rate in Barneston, NE is 1.71%, slightly lower than the Nebraska state median of 1.75% but still considerably higher than the national median of 0.99%. With the median home value in Barneston at $16,038, the typical annual property tax bill is approximately $246, which is well below the national median of $2,690. Property taxes in Barneston are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Barneston'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 Barneston or another part of Gage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barneston, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$274
Ownwell’s Barneston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barneston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barneston 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 Barneston, Nebraska
Property taxes in Barneston, Nebraska, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Barneston is 1.71%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Barneston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barneston 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 Barneston's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68309 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Barneston provides valuable insights into the varying tax landscape across Gage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barneston Tax Rate
1.71%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barneston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68309 | 1.70% | 1.71% | 1.71% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Barneston, Nebraska
In Barneston, 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 Gage 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 Barneston, 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 Barneston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68309 has the highest and lowest median tax bill at $246.
Average Barneston Assessed Value
$16,038
Average Gage County Assessed Value
$108,335
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barneston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68309 | $5,269 | $8,610 | $16,038 | $33,282 | $51,695 |
Source: Ownwell
Property Tax Bills Across Barneston, Nebraska
In Barneston, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. Homeowners in Gage County, where Barneston is located, see varying tax bills depending on several factors, including the property's assessed value and the local tax rate. For example, the median home price in Barneston is $16,038, and property tax bills range significantly. At the 25th percentile, homeowners pay around $130, while those at the 75th percentile pay approximately $554. The 90th percentile sees tax bills as high as $883. These tax bills are influenced by the local tax rate and the assessed value of the property. The highest median tax bill in the area is $246, found in the zip code 68309, which is the same as the lowest median tax bill. Compared to the national median property tax rate of 0.99%, Barneston's property tax rates can be considered relatively modest, providing some relief to homeowners.
Average Barneston Tax Bill
$246
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Barneston, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68309 | $78 | $130 | $246 | $554 | $883 |
Source: Ownwell