Steinauer, Nebraska Property Taxes
The median property tax rate in Steinauer, NE is 1.08%, slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $436,246 in Steinauer, the typical annual property tax bill amounts to $4,871, considerably surpassing the national median of $2,690. Property taxes in Steinauer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Steinauer'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 Steinauer 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
Steinauer, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$4,711
-$49,376
Ownwell’s Steinauer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steinauer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steinauer 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 Steinauer, Nebraska
Property taxes in Steinauer, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Steinauer is 1.08%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Steinauer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steinauer 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 Steinauer's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68441 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Steinauer 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 Steinauer Tax Rate
1.08%
Average Johnson County Tax Rate
1.77%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steinauer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68441 | 1.01% | 1.04% | 1.08% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Steinauer, Nebraska
In Steinauer, 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 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 Steinauer, 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 Steinauer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68441 has both the highest and lowest median tax bill at $4871.
Average Steinauer Assessed Value
$436,246
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 Steinauer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68441 | $293,050 | $346,748 | $436,246 | $525,743 | $579,441 |
Source: Ownwell
Property Tax Bills Across Steinauer, Nebraska
Property tax bills in Steinauer, located in Johnson County, NE, are determined by assessing the value of a property and applying the local tax rate. The assessed value is based on the market value of the home, which in Steinauer has a median home price of $436,246. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors are considered in this process, including the property's location, size, and any improvements made. Homeowners in Steinauer can expect tax bills to vary significantly. For instance, those in the 25th percentile pay around $3,712 annually, while those in the 75th percentile face bills closer to $6,029. At the 90th percentile, tax bills can reach up to $6,724. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their ability to afford other expenses. Compared to the national median property tax rate of 0.99%, Steinauer's rates reflect the local economic conditions and funding needs of the community.
Average Steinauer Tax Bill
$4,871
Average Johnson County Tax Bill
$1,604
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Steinauer, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68441 | $3,017 | $3,712 | $4,871 | $6,029 | $6,724 |
Source: Ownwell