Johnson, Nebraska Property Taxes
The median property tax rate in Johnson, NE is 1.00%, slightly above the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With the median home value in Johnson at $400,484, the typical annual property tax bill reaches $4,571, substantially exceeding the national median of $2,690. Property taxes in Johnson are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Johnson'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 Johnson 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
Johnson, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$4,005
-$41,971
Ownwell’s Johnson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson 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 Johnson, Nebraska
Property taxes in Johnson, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson 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 Johnson's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68378 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Johnson provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson Tax Rate
1.00%
Average Johnson County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68378 | 0.98% | 0.99% | 1.00% | 1.01% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Johnson, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Johnson, Nebraska. 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 Johnson 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 Johnson, 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. The zip code 68378 has the highest median tax bill at $4,571. By being aware of these valuation processes in Johnson, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnson Assessed Value
$400,484
Average Johnson County Assessed Value
$88,760
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68378 | $171,527 | $242,277 | $400,484 | $561,673 | $663,584 |
Source: Ownwell
Property Tax Bills Across Johnson, Nebraska
In Johnson, located in Johnson County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Johnson stands at $400,484. Homeowners can expect their tax bill to vary significantly depending on their property's specific assessed value and the applicable tax rate. For instance, those in the 25th percentile of tax bills pay around $2,433, whereas those in the 75th percentile face a much steeper bill of $6,380. Even higher, the 90th percentile tax bills can reach up to $7,564. Comparatively, the national median property tax rate is 0.99%, making Johnson's rates potentially higher for many homeowners. The highest median tax bill in the area is $4,571, recorded in the zip code 68378, which is also the lowest median tax bill, indicating a uniform tax rate across the region. These property tax bills significantly affect homeowners by influencing their annual budgeting and overall housing affordability.
Average Johnson Tax Bill
$4,571
Average Johnson County Tax Bill
$1,604
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68378 | $1,464 | $2,433 | $4,571 | $6,380 | $7,564 |
Source: Ownwell