Fullerton, Nebraska Property Taxes
The median property tax rate in Fullerton, NE is 1.88%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Fullerton, the typical annual property tax bill reaches $1,686, exceeding the national median of $2,690. Property taxes in Fullerton 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 Fullerton'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 Fullerton 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
Fullerton, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,802
$1,673
Ownwell’s FULLERTON Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in FULLERTON. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in FULLERTON to provide an accurate estimate of your property tax bill. This tool is designed to give you a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more specific trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring an accurate calculation for tax purposes.
Property Tax Rates Across Fullerton, Nebraska
Property taxes in Fullerton, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fullerton is 1.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fullerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fullerton 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 Fullerton's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68638 has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these figures compare with Fullerton provides valuable insights into the varying tax landscape across Nance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fullerton Tax Rate
1.88%
Average Nance County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fullerton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68638 | 1.25% | 1.27% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Fullerton, Nebraska
In Fullerton, 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 Nance 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 Fullerton, 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 Fullerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 68638 has the highest and lowest median tax bill at $1,686.
Average Fullerton Assessed Value
$95,868
Average Nance County Assessed Value
$104,025
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fullerton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68638 | $19,542 | $47,024 | $95,868 | $172,700 | $406,622 |
Source: Ownwell
Property Tax Bills Across Fullerton, Nebraska
In Fullerton, located in Nance County, NE, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Fullerton is $95,868. Property tax rates in Fullerton are applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including local government budgets, school district funding needs, and public service requirements. Homeowners in Fullerton experience a range of property tax bills. At the 25th percentile, the tax bill is $789, while at the 75th percentile, it rises to $2,931. For those at the 90th percentile, the tax bill can reach $5,393. Compared to the national median property tax rate of 0.99%, Fullerton's rates reflect the community's specific financial needs and priorities. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting decisions related to property purchases and investments. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Fullerton Tax Bill
$1,686
Average Nance County Tax Bill
$1,688
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Fullerton, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68638 | $317 | $789 | $1,686 | $2,931 | $5,393 |
Source: Ownwell