Eagle, Nebraska Property Taxes
The median property tax rate in Eagle, Nebraska is 1.15%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Eagle, the typical annual property tax bill reaches $5,090, exceeding the national median of $2,690. Property taxes in Eagle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eagle'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 Eagle 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
Eagle, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$5,089
$4,722
Ownwell’s EAGLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAGLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAGLE 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 Eagle, Nebraska
Property taxes in Eagle, Nebraska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle is 1.15%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Eagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle 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 Eagle's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68347 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Eagle 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 Eagle Tax Rate
1.15%
Average Lancaster County Tax Rate
1.51%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68347 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Eagle, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eagle, Nebraska. The market value represents 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 Assessor 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 Eagle, 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. Eagle has a median home price of $442,500, with the highest and lowest median tax bills both recorded at $5,090 in zip code 68347. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eagle Assessed Value
$442,500
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 Eagle, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68347 | $442,500 | $442,500 | $442,500 | $442,500 | $442,500 |
Source: Ownwell
Property Tax Bills Across Eagle, Nebraska
In Eagle, Lancaster County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. Local tax rates, set by various taxing entities such as school districts, municipalities, and special districts, are then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $442,500 in Eagle, the property tax bill often hovers around $5,090. This amount is consistent across different percentiles, indicating a uniform tax rate in the area. Compared to the national median property tax rate of 0.99%, homeowners in Eagle experience a higher tax burden, reflecting the local government's funding needs for public services and infrastructure. These property taxes significantly impact homeowners by adding a considerable annual expense, influencing both the affordability of homeownership and the overall cost of living in the region.
Average Eagle Tax Bill
$5,090
Average Lancaster County Tax Bill
$3,561
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68347 | $5,090 | $5,090 | $5,090 | $5,090 | $5,090 |
Source: Ownwell