Dunning, Nebraska Property Taxes
The median property tax rate in Dunning, NE is 0.82%, 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 $342,049 in Dunning, the typical annual property tax bill amounts to $2,841, slightly above the national median of $2,690. Property taxes in Dunning are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Dunning'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 Dunning or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunning, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,805
$2,603
Ownwell’s Dunning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunning 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 Dunning, Nebraska
Property taxes in Dunning, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunning is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Dunning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunning 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 Dunning's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68833 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Dunning provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunning Tax Rate
0.82%
Average Logan County Tax Rate
1.06%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunning, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68833 | 0.76% | 0.78% | 0.82% | 0.86% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Dunning, Nebraska
In Dunning, 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 Logan 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 Dunning, 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. For example, the zip code 68833 has the highest and lowest median tax bill at $2,841. 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 Dunning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunning Assessed Value
$342,049
Average Logan County Assessed Value
$110,350
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunning, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68833 | $315,321 | $325,344 | $342,049 | $358,754 | $368,777 |
Source: Ownwell
Property Tax Bills Across Dunning, Nebraska
In Dunning, Logan County, NE, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the property's market value. Factors such as location, property size, and recent sales of similar properties play a significant role in determining this value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Dunning, the median home price is $342,049, and homeowners can expect tax bills to vary. For instance, the 25th percentile tax bill is $2,567, while the 75th percentile reaches $3,115. At the 90th percentile, the tax bill can go up to $3,280. These property taxes significantly impact homeowners, as they contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Dunning's tax rates and bills highlight the local government's reliance on property taxes to fund essential services.
Average Dunning Tax Bill
$2,841
Average Logan County Tax Bill
$1,462
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunning, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68833 | $2,403 | $2,567 | $2,841 | $3,115 | $3,280 |
Source: Ownwell