Oshkosh, Nebraska Property Taxes
The median property tax rate in Oshkosh, NE is 1.27%, which is significantly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $69,040 in Oshkosh, the typical annual property tax bill amounts to $787, which is below the national median of $2,690. Property taxes in Oshkosh are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Familiarizing yourself with Oshkosh's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Oshkosh or another part of Garden County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Oshkosh, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$877
Ownwell’s Oshkosh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oshkosh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oshkosh 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 Oshkosh, Nebraska
Property taxes in Oshkosh, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oshkosh is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Oshkosh set these rates annually, and they can vary across different neighborhoods. Each year, Oshkosh 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 Oshkosh's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69154 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Oshkosh 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 Oshkosh Tax Rate
1.27%
Average Garden County Tax Rate
1.21%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oshkosh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69154 | 0.93% | 0.95% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Oshkosh, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oshkosh, Nebraska. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated 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 Oshkosh, 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. For example, the median home price in Oshkosh is $69,040, with tax bills ranging from $381 at the 25th percentile to $2,195 at the 90th percentile. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oshkosh Assessed Value
$69,040
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 Oshkosh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69154 | $16,221 | $34,118 | $69,040 | $119,312 | $221,366 |
Source: Ownwell
Property Tax Bills Across Oshkosh, Nebraska
In Oshkosh, Garden County, NE, property tax bills are calculated based on the assessed value of a homeowner’s property and the local tax rate. The median home price in Oshkosh is $69,040, and homeowners can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $381, while the 75th percentile tax bill reaches up to $1,354. At the 90th percentile, tax bills can climb to $2,195. These tax bills are influenced by multiple factors, including the property's assessed value, local government budgets, and specific levies for services like schools and infrastructure. The local tax rate in Oshkosh is a crucial determinant, and it is essential for homeowners to be aware of any changes in this rate. Comparatively, the national median property tax rate stands at 0.99%. Understanding how these elements interact helps homeowners anticipate their financial responsibilities and plan accordingly. Accurate assessment and awareness can significantly impact a homeowner's budget and long-term financial planning.
Average Oshkosh Tax Bill
$787
Average Garden County Tax Bill
$810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Oshkosh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69154 | $172 | $381 | $787 | $1,354 | $2,195 |
Source: Ownwell