Lisco, Nebraska Property Taxes
The median property tax rate in Lisco, NE is 0.95%, slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With a median home value of $98,298 in Lisco, the typical annual property tax bill amounts to $961, which is well below the national median of $2,690. Property taxes in Lisco are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lisco'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 Lisco 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
Lisco, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$934
Ownwell’s Lisco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lisco 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 Lisco, Nebraska
Property taxes in Lisco, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lisco is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Lisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lisco 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 Lisco's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69148 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Lisco 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 Lisco Tax Rate
0.95%
Average Garden County Tax Rate
1.21%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lisco, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69148 | 0.93% | 0.94% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Lisco, Nebraska
In Lisco, 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 local 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 Lisco, 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 Lisco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Lisco is $961 in the 69148 zip code, while the lowest median tax bill is also $961 in the same zip code. This uniformity highlights the importance of understanding local valuation processes to ensure you are not overpaying on your property taxes.
Average Lisco Assessed Value
$98,298
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 Lisco, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69148 | $11,742 | $38,678 | $98,298 | $331,730 | $491,423 |
Source: Ownwell
Property Tax Bills Across Lisco, Nebraska
In Lisco, located in Garden 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 Lisco is $98,298, and the assessed value typically reflects a percentage of this market value. The tax rate is applied to the assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property characteristics, local tax rates, and any applicable exemptions. For instance, the 25th percentile tax bill in Lisco is $285, while the 75th percentile tax bill is $3,128. Homeowners at the 90th percentile face tax bills around $4,763. These figures illustrate the variability in tax burdens depending on property value and specific circumstances. Compared to the national median property tax rate of 0.99%, Lisco's tax bills can be relatively high or low, impacting homeowners differently. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Lisco Tax Bill
$961
Average Garden County Tax Bill
$810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lisco, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69148 | $109 | $285 | $961 | $3,128 | $4,763 |
Source: Ownwell