Bertrand, Nebraska Property Taxes
The median property tax rate in Bertrand, NE is 2.14%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Bertrand, the typical annual property tax bill reaches $1,984, exceeding the national median of $2,690. Property taxes in Bertrand 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 Bertrand'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 Bertrand 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
Bertrand, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$2,349
Ownwell’s Bertrand Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bertrand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bertrand 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 Bertrand, Nebraska
Property taxes in Bertrand, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bertrand is 2.14%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Bertrand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bertrand 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 Bertrand's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68927 has the highest median property tax rate of 2.14%, while the same zip code also has the lowest median tax rate of 2.14%. Understanding how these cities compare with Bertrand provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bertrand Tax Rate
2.14%
Average Phelps County Tax Rate
1.69%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bertrand, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68927 | 1.12% | 1.14% | 2.14% | 2.14% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Bertrand, Nebraska
In Bertrand, 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 Phelps 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 Bertrand, 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 Bertrand is $109,770, with tax bills ranging from $1,149 at the 25th percentile to $6,611 at the 90th percentile. The zip code 68927 has both the highest and lowest median tax bill at $1,984. By understanding 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 Bertrand helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bertrand Assessed Value
$109,770
Average Phelps County Assessed Value
$118,096
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bertrand, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68927 | $27,776 | $58,665 | $109,770 | $192,763 | $542,619 |
Source: Ownwell
Property Tax Bills Across Bertrand, Nebraska
In Bertrand, located in Phelps 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, who evaluates the property’s market value and then applies an assessment ratio. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For instance, the median home price in Bertrand is $109,770. Homeowners in Bertrand can expect to pay varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $1,149, while those in the 75th percentile face bills of approximately $3,413. At the higher end, the 90th percentile sees tax bills nearing $6,611. These property taxes significantly impact homeowners, as they must budget for these annual expenses. Compared to the national median property tax rate of 0.99%, Bertrand's tax rates reflect the local economic conditions and funding needs for public services.
Average Bertrand Tax Bill
$1,984
Average Phelps County Tax Bill
$1,908
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bertrand, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68927 | $569 | $1,149 | $1,984 | $3,413 | $6,611 |
Source: Ownwell