Lebanon, Red Willow County, Nebraska Property Taxes

Name: Property Tax Bills Across Lebanon, Red Willow County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lebanon, NE effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Lebanon, NE home value: $14,033
Median annual Lebanon, NE tax bill: $217, $2,183 lower than the national median property tax bill of $2,400.

How are property taxes in Red Willow calculated?

Property taxes in Lebanon, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lebanon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lebanon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lebanon, Red Willow County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$218

$202

Ownwell’s Lebanon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lebanon with just two data points. By entering your property's estimated assessed value, our calculator applies Lebanon’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Red Willow County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lebanon, Red Willow County, Nebraska

Local government entities set tax rates, and these can vary significantly across a state. This variation is because each county annually estimates its budget needs for providing services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Lebanon, located in Red Willow County, Nebraska, the effective property tax rate offers an interesting perspective when compared to other cities within the state and the national median. Nebraska’s median property tax rate stands at 1.55%, which is higher than the national median of 1.02%. This indicates that property owners in Nebraska might face higher property tax bills compared to the national average, potentially impacting decisions on property investment and ownership. Understanding these local and state tax dynamics is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Lebanon, Red Willow County, Nebraska

Source: Ownwell

1.29%

1.52%

1.75%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lebanon Taxx Rate

1.55%

Median Effective Red Willow County Taxx Rate

1.75%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Lebanon, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69036	1.09%	1.55%	1.55%	1.55%	1.55%

Source: Ownwell

Property Tax Assessment Values Across Lebanon, Red Willow County, Nebraska

When examining property taxes in Lebanon, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Red Willow County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Red Willow County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lebanon.

For example, the median home price in Lebanon is $14,033, with tax bills ranging significantly across the county. Zip code 69036 has the highest median home price at $14,033.

Property Tax Assessment Values Across Lebanon, Red Willow County, Nebraska

Source: Ownwell

$14,033

$179,820

$345,607

Median Lebanon Market Value

$14,033

Median Red Willow County Market Value

$101,885

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Lebanon, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69036	$1,662	$3,016	$14,033	$34,733	$114,935

Source: Ownwell

Property Tax Bills Across Lebanon, Red Willow County, Nebraska

In Lebanon, located in Red Willow County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Several factors, including property size, location, and condition, influence the assessed value. Homeowners in Lebanon face a median tax bill of $217, significantly lower than the national median property tax bill of $2400. However, tax bills can vary widely, with the 25th percentile at $44 and the 90th percentile reaching $1600. This variation can impact homeowners' financial planning, making it crucial to ensure that assessments are accurate. Ownwell can help homeowners in Lebanon by reviewing their property assessments and identifying potential errors or discrepancies that could lead to higher tax bills. By filing appeals on behalf of homeowners, Ownwell aims to secure fair assessments and potentially lower property tax obligations, providing significant savings for property owners.

Property Tax Bills Across Lebanon, Red Willow County, Nebraska

Source: Ownwell

$217

$2,471

$4,724

Median Lebanon Tax Bill

$217

Median Red Willow County Tax Bill

$1,615

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Lebanon, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69036	$21	$44	$217	$512	$1,600

Source: Ownwell