Denton, Nebraska Property Taxes
The median property tax rate in Denton, Nebraska is 1.29%, 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 Denton at $441,450, the typical annual property tax bill reaches $5,580, significantly exceeding the national median of $2,690. Property taxes in Denton 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 Denton'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 Denton 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
Denton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$5,695
Ownwell’s Denton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Denton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Denton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular insights, scroll down for localized neighborhood information. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Denton, Nebraska
Property taxes in Denton, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denton is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within Denton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denton 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 Denton's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68339 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Denton provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denton Tax Rate
1.29%
Average Lancaster County Tax Rate
1.51%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68339 | 1.04% | 1.18% | 1.29% | 1.41% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Denton, Nebraska
In Denton, 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 Lancaster 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 Denton, 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 Denton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 68339 has the highest median tax bill at $5,580, which is significantly above the national median property tax rate of 0.99%.
Average Denton Assessed Value
$441,450
Average Lancaster County Assessed Value
$238,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68339 | $159,770 | $281,750 | $441,450 | $552,225 | $672,010 |
Source: Ownwell
Property Tax Bills Across Denton, Nebraska
In Denton, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local property tax rate to determine the annual tax bill. For example, in Lancaster County, where Denton is located, the median home price is $441,450. Property tax bills vary widely, with the 25th percentile tax bill at $3,675 and the 75th percentile reaching $7,121. The 90th percentile tax bill can go up to $8,663. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. Higher-valued homes generally face higher tax bills, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Denton's rates can be more burdensome for homeowners, especially for those with properties in higher price brackets. This system ensures that property taxes are proportionate to the value of the property, aiming for a fair distribution of the tax burden among residents.
Average Denton Tax Bill
$5,580
Average Lancaster County Tax Bill
$3,561
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Denton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68339 | $1,846 | $3,675 | $5,580 | $7,121 | $8,663 |
Source: Ownwell