Sutherland, Nebraska Property Taxes
The median property tax rate in Sutherland, NE is 0.92%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $217,848 in Sutherland, the typical annual property tax bill is around $2,003, falling below the national median of $2,690. Property taxes in Sutherland are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Sutherland'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 Sutherland 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
Sutherland, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$2,004
Ownwell’s Sutherland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sutherland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sutherland 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 Sutherland, Nebraska
Property taxes in Sutherland, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sutherland is 1.45%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Sutherland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutherland 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 Sutherland's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69165 zip code has the highest median property tax rate of 1.45%, while the 69165 zip code has the lowest median tax rate of 1.45%. Understanding how these cities compare with Sutherland provides valuable insights into the varying tax landscape across Lincoln, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sutherland Tax Rate
0.92%
Average Keith County Tax Rate
1.22%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | 0.91% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Sutherland, Nebraska
In Sutherland, 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 Sutherland, 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 Sutherland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Sutherland are both $2003.00, found in the 69165 zip code.
Property Tax Assessment Values Across Sutherland, Nebraska
Source: Ownwell
$94,970
$1,018,158
$1,941,345
Average Sutherland Assessed Value
$217,848
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 Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | $27,818 | $132,315 | $217,848 | $456,650 | $1,061,926 |
Source: Ownwell
Property Tax Bills Across Sutherland, Nebraska
In Sutherland, Nebraska, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the Keith County Assessor's Office and reflects a percentage of the home's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Sutherland, the median home price is $217,848. Property tax bills can vary significantly, with the 25th percentile at $1,217 and the 75th percentile reaching $4,173. The 90th percentile even sees tax bills as high as $9,617. The highest median tax bill in the region is $2,003, which is consistent across the 69165 zip code. These tax bills directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Sutherland's property tax rates can be seen as relatively moderate, affecting the overall affordability and cost of living in the area.
Average Sutherland Tax Bill
$2,003
Average Keith County Tax Bill
$1,583
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutherland, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69165 | $256 | $1,217 | $2,003 | $4,173 | $9,617 |
Source: Ownwell