Lewellen, Nebraska Property Taxes
The median property tax rate in Lewellen, NE is 1.21%, which is higher than the national median of 0.99%, yet lower than Nebraska's state median of 1.75%. With the median home value in Lewellen at $51,748, the typical annual property tax bill reaches $550, which is significantly below the national median of $2,690. Property taxes in Lewellen are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lewellen'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 Lewellen or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lewellen, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$626
Ownwell’s Lewellen Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Lewellen. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Lewellen to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you plan your finances better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Garden County for tax purposes and includes any applicable exemptions, ensuring a precise calculation.
Property Tax Rates Across Lewellen, Nebraska
Property taxes in Lewellen, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewellen is 1.21%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Lewellen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewellen 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 Lewellen's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69147 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Lewellen 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 Lewellen Tax Rate
1.21%
Average Garden County Tax Rate
1.21%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewellen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69147 | 0.91% | 0.93% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lewellen, Nebraska
In Lewellen, 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 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 Lewellen, 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 Lewellen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $550.00, found in the 69147 zip code, which is notably higher than the national median property tax rate of 0.99%.
Average Lewellen Assessed Value
$51,748
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 Lewellen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69147 | $9,448 | $21,340 | $51,748 | $162,705 | $324,334 |
Source: Ownwell
Property Tax Bills Across Lewellen, Nebraska
In Lewellen, located in Garden County, NE, property tax bills are calculated based on the assessed value of a property. The tax bill is determined by multiplying the assessed value by the local tax rate. Several factors are considered in this calculation, including the property's market value, any applicable exemptions, and the specific tax rate set by the local government. For instance, the median home price in Lewellen is $51,748, and property tax rates are applied to this value to determine the annual tax bill. Homeowners in Lewellen can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $246, while the 75th percentile tax bill is approximately $1,514. At the 90th percentile, some homeowners might see tax bills as high as $3,054. These variations can impact homeowners' financial planning and budgeting, making it essential to understand how property taxes are assessed and calculated. Compared to the national median property tax rate of 0.99%, Lewellen's rates can offer a different financial landscape for property owners.
Average Lewellen Tax Bill
$550
Average Garden County Tax Bill
$810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewellen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69147 | $101 | $246 | $550 | $1,514 | $3,054 |
Source: Ownwell