Lemoyne, Nebraska Property Taxes
The median property tax rate in Lemoyne, NE is 1.22%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Lemoyne being $97,125, the typical annual property tax bill amounts to $1,149, surpassing the national median of $2,690. Property taxes in Lemoyne 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 Lemoyne'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 Lemoyne 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
Lemoyne, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,185
$1,100
Ownwell’s Lemoyne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lemoyne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lemoyne 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 Lemoyne, Nebraska
Property taxes in Lemoyne, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lemoyne is 2.01%, significantly higher than both the Nebraska state median of 1.73% and the U.S. national median of 0.99%. Local government entities within Lemoyne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lemoyne 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 Lemoyne's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69146 has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Lemoyne 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 Lemoyne 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 Lemoyne, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69146 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Lemoyne, Nebraska
In Lemoyne, 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 Lemoyne, 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 Lemoyne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lemoyne is $97,125, with tax bills ranging from $620 at the 25th percentile to $4,118 at the 90th percentile. The highest and lowest median tax bills are both found in the 69146 zip code, valued at $1,149.
Average Lemoyne Assessed Value
$97,125
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 Lemoyne, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69146 | $31,952 | $52,521 | $97,125 | $220,735 | $336,933 |
Source: Ownwell
Property Tax Bills Across Lemoyne, Nebraska
In Lemoyne, located in Keith County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a role in determining the assessed value. For homeowners in Lemoyne, the median home price is $97,125. With property tax bills ranging from the 25th percentile at $620 to the 75th percentile at $2,651, and even reaching the 90th percentile at $4,118, the financial impact can vary significantly. The highest median tax bill in the area is $1,149, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes are a significant part of homeownership costs, affecting both monthly budgets and long-term financial planning.
Average Lemoyne Tax Bill
$1,149
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lemoyne, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69146 | $377 | $620 | $1,149 | $2,651 | $4,118 |
Source: Ownwell