Eagle, Nebraska Property Taxes
The median property tax rate in Eagle, Nebraska is 1.61%, notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $331,120 in Eagle, the typical annual property tax bill amounts to $5,295, surpassing the national median of $2,690. Property taxes in Eagle are calculated based on the tax assessed value, often below the market value due to 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
1.61%
Estimate Property Tax Bill
$5,331
$4,947
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle is 1.61%, 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 zip code 68347 has both the highest and the lowest median property tax rate of 1.61%. Understanding how these areas compare with Eagle provides valuable insights into the varying tax landscape across Otoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Tax Rate
1.61%
Average Otoe County Tax Rate
1.92%
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 | 1.60% | 1.60% | 1.61% | 1.61% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Eagle, Nebraska
In Eagle, 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 Otoe 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. 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. In Eagle, the median home price is $331,120, with tax bills ranging from $4,153 at the 25th percentile to $7,867 at the 90th percentile. The zip code 68347 has the highest and lowest median tax bill, both at $5,295. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eagle Assessed Value
$331,120
Average Otoe County Assessed Value
$121,530
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 | $199,538 | $255,448 | $331,120 | $392,800 | $487,388 |
Source: Ownwell
Property Tax Bills Across Eagle, Nebraska
In Eagle, located in Otoe County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Eagle, the median home price is $331,120. The property tax rate in this area is used to compute the annual tax bill, which can vary significantly across different percentiles. For instance, at the 25th percentile, homeowners can expect a tax bill of approximately $4,153, while those at the 75th percentile might see a bill around $6,249. At the higher end, the 90th percentile tax bill reaches up to $7,867. These figures illustrate how property taxes can fluctuate based on the assessed value of homes in the area. Compared to the national median property tax rate of 0.99%, Eagle's tax bills reflect the specific local assessments and rates, impacting homeowners' annual financial obligations significantly.
Average Eagle Tax Bill
$5,295
Average Otoe County Tax Bill
$2,328
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 | $3,039 | $4,153 | $5,295 | $6,249 | $7,867 |
Source: Ownwell