Bertrand, Nebraska Property Taxes
The median property tax rate in Bertrand, NE is 1.16%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $288,786, the typical annual property tax bill in Bertrand amounts to $3,365, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bertrand'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 Bertrand 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
Bertrand, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$3,350
$3,109
Ownwell’s Bertrand Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bertrand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bertrand 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 Bertrand, Nebraska
Property taxes in Bertrand, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bertrand is 1.16%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Bertrand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bertrand 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 Bertrand's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68927 zip code has the highest median property tax rate of 1.16%, while the 68927 zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Bertrand provides valuable insights into the varying tax landscape across Gosper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bertrand Tax Rate
1.16%
Average Gosper County Tax Rate
1.11%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bertrand, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68927 | 1.15% | 1.15% | 1.16% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Bertrand, Nebraska
In Bertrand, 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 Gosper 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 Bertrand, 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 Bertrand is $288,786. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest and lowest median tax bills in the area are both $3,365, found in zip code 68927. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bertrand Assessed Value
$288,786
Average Gosper County Assessed Value
$179,048
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bertrand, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68927 | $114,976 | $182,715 | $288,786 | $646,036 | $973,128 |
Source: Ownwell
Property Tax Bills Across Bertrand, Nebraska
In Bertrand, located in Gosper County, NE, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the property's market value. Homeowners in Bertrand can expect a range of property tax bills, with the 25th percentile at $2,130 and the 75th percentile reaching $7,441. For those at the 90th percentile, tax bills can be as high as $11,187, indicating a significant variation based on property values and specific circumstances. The median home price in Bertrand is $288,786, which plays a crucial role in determining the overall tax burden. Compared to the national median property tax rate of 0.99%, Bertrand's rates can lead to substantial tax bills for homeowners. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these factors when budgeting for their annual expenses.
Average Bertrand Tax Bill
$3,365
Average Gosper County Tax Bill
$2,112
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bertrand, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68927 | $1,243 | $2,130 | $3,365 | $7,441 | $11,187 |
Source: Ownwell