Lakeside, Nebraska Property Taxes
The median property tax rate in Lakeside, NE is 0.94%, slightly below the national median of 0.99% and significantly lower than Nebraska's state median of 1.75%. With the median home value in Lakeside at $401,599, the typical annual property tax bill reaches $3,755, surpassing the national median of $2,690. Property taxes in Lakeside are based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lakeside'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 Lakeside 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
Lakeside, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$3,775
$3,503
Ownwell’s Lakeside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakeside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakeside 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 Lakeside, Nebraska
Property taxes in Lakeside, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lakeside is 0.94%, which is just below the U.S. national median of 0.99%. Local government entities within Lakeside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakeside 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 Lakeside's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69351 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Lakeside provides valuable insights into the varying tax landscape across Garden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lakeside Tax Rate
0.94%
Average Garden County Tax Rate
1.21%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakeside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69351 | 0.94% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Lakeside, Nebraska
In Lakeside, 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 Garden 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 Lakeside, 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 Lakeside 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 $3,755 in the 69351 zip code, while the lowest is also $3,755 in the same zip code.
Average Lakeside Assessed Value
$401,599
Average Garden County Assessed Value
$72,185
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lakeside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69351 | $131,501 | $182,125 | $401,599 | $445,216 | $476,252 |
Source: Ownwell
Property Tax Bills Across Lakeside, Nebraska
In Lakeside, Garden County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the tax bill. For homeowners, the median home price in Lakeside is $401,599. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,707 and the 75th percentile tax bill at $4,168. The 90th percentile tax bill reaches $4,469. These figures are crucial for homeowners as they reflect the financial responsibility tied to property ownership. The highest median tax bill in the region is $3,755, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Lakeside anticipate their annual property tax expenses and budget accordingly. The property tax system ensures that the tax burden is distributed relative to property values, impacting all homeowners in the area.
Average Lakeside Tax Bill
$3,755
Average Garden County Tax Bill
$810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakeside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69351 | $1,241 | $1,707 | $3,755 | $4,168 | $4,469 |
Source: Ownwell