Danbury, Nebraska Property Taxes
The median property tax rate in Danbury, Nebraska is 1.55%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $27,632 in Danbury, the typical annual property tax bill amounts to $390, which is significantly below the national median of $2,690. Property taxes in Danbury are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Danbury's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Danbury or another part of Red Willow County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Danbury, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$428
Ownwell’s Danbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danbury 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 Danbury, Nebraska
Property taxes in Danbury, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danbury is 1.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Danbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danbury 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 Danbury's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69026 has both the highest and the lowest median property tax rate of 1.55%. Understanding how these areas compare with Danbury provides valuable insights into the varying tax landscape across Red Willow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danbury Tax Rate
1.55%
Average Red Willow County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danbury, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69026 | 1.08% | 1.09% | 1.55% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Danbury, Nebraska
In Danbury, 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 Red Willow 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 Danbury, 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 Danbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Danbury is $390 in the 69026 zip code, which is the same for the lowest median tax bill.
Average Danbury Assessed Value
$27,632
Average Red Willow County Assessed Value
$101,885
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danbury, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69026 | $2,756 | $11,059 | $27,632 | $101,164 | $273,170 |
Source: Ownwell
Property Tax Bills Across Danbury, Nebraska
In Danbury, located in Red Willow 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 then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, its location, and any improvements or modifications made to the home. Homeowners in Danbury can expect a range of property tax bills. For instance, the tax bill at the 25th percentile is $125, while at the 75th percentile, it rises to $1,308. The tax bill at the 90th percentile reaches $3,196. These figures highlight the variability in property tax bills within the area, influenced by differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Danbury's property tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Danbury Tax Bill
$390
Average Red Willow County Tax Bill
$1,615
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Danbury, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69026 | $29 | $125 | $390 | $1,308 | $3,196 |
Source: Ownwell