Brule, Nebraska Property Taxes
The median property tax rate in Brule, NE is 1.22%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $118,560 in Brule, the typical annual property tax bill amounts to $1,497, which is below the national median of $2,690. Property taxes in Brule are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Brule's property tax system, leveraging available exemptions, and identifying potential reductions can result in substantial yearly savings. Whether you're residing in Brule or investing in property there, a thorough understanding of the local property tax landscape is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Brule, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,446
Ownwell’s Brule Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brule with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brule 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 Brule, Nebraska
Property taxes in Brule, Nebraska, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Brule is 1.22%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Brule set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brule 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 Brule's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69127 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Brule provides valuable insights into the varying tax landscape across Keith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brule Tax Rate
1.22%
Average Keith County Tax Rate
1.22%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brule, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69127 | 1.02% | 1.02% | 1.22% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Brule, Nebraska
In Brule, 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 Keith 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 Brule, 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 Brule helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Brule is found in zip code 69127, amounting to $1,497.
Average Brule Assessed Value
$118,560
Average Keith County Assessed Value
$113,500
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brule, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69127 | $20,680 | $44,148 | $118,560 | $280,582 | $512,251 |
Source: Ownwell
Property Tax Bills Across Brule, Nebraska
In Brule, located in Keith County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Brule is $118,560. While the national median property tax rate is 0.99%, local rates can vary, impacting homeowners differently. Several factors influence the tax bill, including property location, size, and any applicable exemptions. In Brule, the tax bill ranges from $533 at the 25th percentile to $5,820 at the 90th percentile, reflecting diverse property values and tax rates within the area. The highest median tax bill in the region is $1,497, found in the 69127 zip code. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly affecting homeowners by contributing to the quality of life and overall community development.
Average Brule Tax Bill
$1,497
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Brule, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69127 | $245 | $533 | $1,497 | $3,219 | $5,820 |
Source: Ownwell