Julian, Nebraska Property Taxes
The median property tax rate in Julian, NE is 2.00%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Julian, the typical annual property tax bill reaches $504, which is significantly lower than the national median of $2,690. Property taxes in Julian 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 Julian'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 Julian or another part of Nemaha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Julian, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$606
Ownwell’s Julian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Julian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Julian 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 Julian, Nebraska
Property taxes in Julian, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Julian is 2.00%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Julian set these rates annually, and they can vary considerably across different neighborhoods. Each year, Julian 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 Julian's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68379 has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these areas compare with Julian provides valuable insights into the varying tax landscape across Nemaha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Julian Tax Rate
2.00%
Average Nemaha County Tax Rate
1.57%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Julian, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68379 | 1.52% | 1.53% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Julian, Nebraska
In Julian, 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 Nemaha 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 Julian, 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 Julian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Julian, the median home price is $30,318, with tax bills ranging from $212 at the 25th percentile to $3,682 at the 90th percentile. The highest and lowest median tax bill is $504 in zip code 68379.
Average Julian Assessed Value
$30,318
Average Nemaha County Assessed Value
$86,266
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Julian, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68379 | $3,354 | $12,441 | $30,318 | $75,713 | $223,184 |
Source: Ownwell
Property Tax Bills Across Julian, Nebraska
In Julian, located in Nemaha County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth on the open market. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Several factors influence the tax bill, including the property's location, size, and improvements. For example, in Julian, the median home price is $30,318, and the tax bills vary significantly. The 25th percentile tax bill is $212, while the 75th percentile tax bill reaches $1,444, and the 90th percentile climbs to $3,682. These variations can significantly impact homeowners, as higher tax bills may strain household budgets, while lower bills might offer some financial relief. Compared to the national median property tax rate of 0.99%, Julian's property tax rates can be quite variable, reflecting the diverse property values and local tax policies within Nemaha County.
Average Julian Tax Bill
$504
Average Nemaha County Tax Bill
$1,413
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Julian, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68379 | $66 | $212 | $504 | $1,444 | $3,682 |
Source: Ownwell