Daykin, Nebraska Property Taxes
The median property tax rate in Daykin, NE is 1.50%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Daykin at $109,564, the typical annual property tax bill amounts to $1,719, still below the national median of $2,690. Property taxes in Daykin are based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Daykin'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 Daykin or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daykin, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,643
$1,525
Ownwell’s Daykin Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Daykin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daykin 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 Daykin, Nebraska
Property taxes in Daykin, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Daykin stands at 1.50%, which is significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Daykin set these rates annually, and they can vary across different neighborhoods. Each year, Daykin 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 Daykin's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the zip code 68338 has both the highest and lowest median property tax rate of 1.50%. Understanding how these areas compare with Daykin provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daykin Tax Rate
1.50%
Average Jefferson County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daykin, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68338 | 1.10% | 1.42% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Daykin, Nebraska
In Daykin, 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 Jefferson County 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 Daykin, 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. In Daykin, the median home price is $109,564, with the 25th percentile tax bill at $887 and the 75th percentile tax bill at $3,277. The zip code 68338 has the highest median tax bill at $1,719. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Daykin Assessed Value
$109,564
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 Daykin, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68338 | $32,410 | $63,453 | $109,564 | $252,974 | $837,424 |
Source: Ownwell
Property Tax Bills Across Daykin, Nebraska
In Daykin, located in Jefferson County, NE, property tax bills are calculated based on the assessed value of a home. The median home price in Daykin is $109,564. The local tax authorities determine the assessed value, which is a percentage of the home's market value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Daykin can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $887, while at the 75th percentile, it rises to $3,277. At the 90th percentile, it can reach as high as $10,041, reflecting the variability based on property values and local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Daykin may find their property tax bills to be quite variable, impacting their annual financial planning and overall cost of homeownership.
Average Daykin Tax Bill
$1,719
Average Jefferson County Tax Bill
$1,295
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Daykin, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68338 | $461 | $887 | $1,719 | $3,277 | $10,041 |
Source: Ownwell