Liberty, Nebraska Property Taxes
The median property tax rate in Liberty, Nebraska is 1.08%, slightly higher than the national median of 0.99%, yet significantly lower than the Nebraska state median of 1.75%. With a median home value of $318,645 in Liberty, the typical annual property tax bill reaches $3,335, surpassing the national median of $2,690. Property taxes in Liberty are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Liberty'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 Liberty 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
Liberty, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,441
Ownwell’s Liberty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberty 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 Liberty, Nebraska
Property taxes in Liberty, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberty is 1.08%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty 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 Liberty's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68381 zip code has the highest median property tax rate of 1.08%, while the 68381 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Liberty provides valuable insights into the varying tax landscape across Pawnee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberty Tax Rate
1.08%
Average Pawnee County Tax Rate
1.35%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberty, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68381 | 1.01% | 1.08% | 1.08% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Liberty, Nebraska
In Liberty, 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 Pawnee 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 Liberty, 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. The median home price in Liberty is $318,645, with tax bills ranging from $2,141 at the 25th percentile to $5,250 at the 75th percentile, and up to $7,012 at the 90th percentile. The zip code with the highest and lowest median tax bill is 68381, with a median tax bill of $3,335. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Liberty Assessed Value
$318,645
Average Pawnee County Assessed Value
$62,218
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberty, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68381 | $80,156 | $198,042 | $318,645 | $486,709 | $699,291 |
Source: Ownwell
Property Tax Bills Across Liberty, Nebraska
In Liberty, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $318,645, the tax rate in Pawnee County plays a crucial role in determining the final tax bill. Factors such as the property's location, size, and any improvements made can influence its assessed value. Homeowners in Liberty can expect their tax bills to vary significantly. The 25th percentile tax bill is around $2,141, while the 75th percentile reaches up to $5,250. At the higher end, the 90th percentile tax bill can be as much as $7,012. Compared to the national median property tax rate of 0.99%, these figures highlight how local assessments and rates impact what homeowners ultimately pay. Understanding these factors is essential for homeowners to anticipate their annual property tax obligations and budget accordingly. Accurate assessments ensure that property taxes are fairly distributed, reflecting the true value and condition of each property.
Average Liberty Tax Bill
$3,335
Average Pawnee County Tax Bill
$947
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68381 | $878 | $2,141 | $3,335 | $5,250 | $7,012 |
Source: Ownwell