Jefferson County Property Taxes
The median property tax rate in Jefferson County is 1.75%, which is significantly higher than the national median of 0.99% and matches the Nebraska state median of 1.75%. With a median home value of $68,781, the typical annual property tax bill in Jefferson County is $1,295, which is below the national median of $2,690. Property taxes in Jefferson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Jefferson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fairbury or another part of Jefferson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jefferson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$1,204
Ownwell’s Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Jefferson with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Jefferson to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Jefferson County, Nebraska
Property taxes in Jefferson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Jefferson County is 1.75%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Jefferson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Jefferson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Fairbury has one of the higher property tax rates in Nebraska at 2.24%, while the city of Tobias boasts one of the lowest at 1.10%. Analyzing how Jefferson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | 1.09% | 1.10% | 1.11% | 1.11% | 1.17% |
| Barneston | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
| Beatrice | 1.18% | 1.19% | 1.19% | 1.22% | 1.22% |
| Daykin | 1.10% | 1.42% | 1.50% | 1.50% | 1.50% |
| De Witt | 1.18% | 1.18% | 1.19% | 1.19% | 1.19% |
| Diller | 1.20% | 1.22% | 1.43% | 1.57% | 1.57% |
| Endicott | 1.49% | 1.51% | 1.62% | 1.62% | 1.62% |
| Fairbury | 1.49% | 1.51% | 2.24% | 2.24% | 2.24% |
| Gladstone | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
| Harbine | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
| Hebron | 1.41% | 1.41% | 1.42% | 1.45% | 1.47% |
| Jansen | 1.14% | 1.19% | 1.51% | 2.22% | 2.22% |
| Mahaska | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| Plymouth | 1.17% | 1.19% | 1.75% | 1.75% | 1.75% |
| Reynolds | 1.50% | 1.78% | 1.78% | 1.78% | 1.78% |
| Steele City | 1.27% | 1.28% | 1.61% | 1.61% | 1.61% |
| Tobias | 1.10% | 1.10% | 1.10% | 1.10% | 1.11% |
| Western | 1.13% | 1.14% | 1.15% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson County, Nebraska
In Jefferson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Jefferson County Appraisal District. The assessed value, however, 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. Assessment notices in Jefferson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the median home price in Jefferson County is $68,781, with tax bills ranging from $600 at the 25th percentile to $5,437 at the 90th percentile. Tobias has the highest median tax bill at $12,780, while Reynolds has the lowest at $222. Being aware of these valuation processes in Jefferson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Jefferson County, Nebraska
Source: Ownwell
$14,981
$587,791
$1,160,601
Average Jefferson County Assessed Value
$68,781
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $105,091 | $115,026 | $187,320 | $385,245 | $550,288 |
| Barneston | $14,981 | $14,981 | $14,981 | $14,981 | $14,981 |
| Beatrice | $114,370 | $139,933 | $153,200 | $315,199 | $698,875 |
| Daykin | $32,410 | $63,453 | $109,564 | $252,974 | $837,424 |
| De Witt | $175,571 | $215,787 | $293,534 | $525,530 | $865,201 |
| Diller | $18,000 | $55,179 | $107,870 | $247,784 | $543,240 |
| Endicott | $5,237 | $25,419 | $54,376 | $125,599 | $242,437 |
| Fairbury | $14,690 | $29,708 | $59,924 | $143,115 | $287,297 |
| Gladstone | $23,919 | $23,919 | $23,919 | $23,919 | $23,919 |
| Harbine | $5,917 | $12,364 | $23,110 | $27,566 | $30,240 |
| Hebron | $490,444 | $500,436 | $517,089 | $600,118 | $649,935 |
| Jansen | $13,692 | $37,879 | $90,588 | $220,328 | $546,393 |
| Mahaska | $381,583 | $500,813 | $689,987 | $1,674,618 | $5,656,964 |
| Plymouth | $36,000 | $63,502 | $99,516 | $194,356 | $543,220 |
| Reynolds | $2,734 | $7,200 | $17,354 | $46,462 | $93,608 |
| Steele City | $4,461 | $13,944 | $30,115 | $126,765 | $280,658 |
| Tobias | $545,006 | $1,103,478 | $1,160,601 | $1,306,178 | $1,523,548 |
| Western | $102,981 | $114,003 | $129,503 | $211,933 | $316,886 |
Source: Ownwell
Property Tax Bills Across Jefferson County, Nebraska
In Jefferson County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined through periodic evaluations. For instance, the median home price in Jefferson County is $68,781. The tax bill can vary significantly, with the 25th percentile at $600 and the 75th percentile reaching $2,899. At the 90th percentile, homeowners might see bills as high as $5,437. Factors such as property location, improvements, and market trends play crucial roles in determining the assessed value. For instance, the highest median tax bill in the county is $12,780 in Tobias, while Reynolds has the lowest at $222. These variations can significantly impact homeowners, affecting their annual expenses and long-term financial planning. Compared to the national median property tax rate of 0.99%, Jefferson County presents a diverse range of tax obligations that homeowners must navigate.
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $1,167 | $1,278 | $2,668 | $4,249 | $6,006 |
| Barneston | $241 | $241 | $241 | $241 | $241 |
| Beatrice | $1,395 | $1,707 | $1,825 | $3,730 | $8,320 |
| Daykin | $461 | $887 | $1,719 | $3,277 | $10,041 |
| De Witt | $2,093 | $2,572 | $3,499 | $6,218 | $9,054 |
| Diller | $257 | $741 | $1,622 | $3,750 | $6,575 |
| Endicott | $79 | $276 | $835 | $1,897 | $3,559 |
| Fairbury | $280 | $607 | $1,250 | $2,937 | $4,945 |
| Gladstone | $360 | $360 | $360 | $360 | $360 |
| Harbine | $110 | $230 | $430 | $513 | $563 |
| Hebron | $7,186 | $7,219 | $7,274 | $8,472 | $9,191 |
| Jansen | $161 | $541 | $1,348 | $3,060 | $7,461 |
| Mahaska | $5,735 | $7,538 | $10,292 | $25,126 | $85,023 |
| Plymouth | $518 | $914 | $1,666 | $2,745 | $6,966 |
| Reynolds | $44 | $111 | $222 | $635 | $1,282 |
| Steele City | $63 | $187 | $656 | $1,630 | $3,589 |
| Tobias | $6,009 | $12,130 | $12,780 | $14,385 | $16,782 |
| Western | $1,332 | $1,367 | $1,852 | $2,388 | $3,606 |
Source: Ownwell