Doniphan, Nebraska Property Taxes
The median property tax rate in Doniphan, NE is 1.39%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Doniphan at $218,329, the typical annual property tax bill reaches $3,067, surpassing the national median of $2,690. Property taxes in Doniphan are calculated based on the tax-assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Doniphan'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 Doniphan 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
Doniphan, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$3,035
Ownwell’s Doniphan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Doniphan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doniphan 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 Doniphan, Nebraska
Property taxes in Doniphan, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doniphan is 1.56%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Doniphan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doniphan 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 Doniphan's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68832 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Doniphan provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doniphan Tax Rate
1.39%
Average Hall County Tax Rate
1.65%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doniphan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68832 | 1.20% | 1.35% | 1.39% | 1.64% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Doniphan, Nebraska
In Doniphan, 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 Hall County Assessor's Office 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 Doniphan, 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 Doniphan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Doniphan is $3,067 in the 68832 zip code, while the lowest median tax bill is also $3,067 in the same zip code.
Average Doniphan Assessed Value
$218,329
Average Hall County Assessed Value
$168,820
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doniphan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68832 | $88,419 | $146,210 | $218,329 | $327,634 | $463,620 |
Source: Ownwell
Property Tax Bills Across Doniphan, Nebraska
In Doniphan, located in Hall 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 reflects a percentage of the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, a median home price in Doniphan is $218,329. Homeowners in the 25th percentile can expect a tax bill around $2,169, while those in the 75th percentile might see bills closer to $4,770. At the 90th percentile, tax bills can reach up to $6,301. These property taxes are essential for funding local services like schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Doniphan's rates can significantly impact homeowners, influencing their financial planning and overall cost of living.
Average Doniphan Tax Bill
$3,067
Average Hall County Tax Bill
$2,705
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Doniphan, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68832 | $1,232 | $2,169 | $3,067 | $4,770 | $6,301 |
Source: Ownwell