Du Bois, Nebraska Property Taxes
The median property tax rate in Du Bois, NE is 1.16%, 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 $293,566 in Du Bois, the typical annual property tax bill amounts to $3,733, surpassing the national median of $2,690. Property taxes in Du Bois are based on the assessed value, which is often below market value due to exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Du Bois's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Du Bois or another part of Richardson County, understanding the local property tax system is crucial for both homeowners and real estate investors.
Last Updated June 14, 2024
Du Bois, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$3,405
Ownwell’s DU BOIS Property Tax Bill Calculator allows homeowners, real estate investors, and potential property owners to estimate their annual property taxes in DU BOIS with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in DU BOIS to provide an accurate estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities with ease. For those interested in more granular details, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Du Bois, Nebraska
Property taxes in Du Bois, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Du Bois is 1.16%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Du Bois set these rates annually, and they can vary significantly across different neighborhoods. Each year, Du Bois 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 Du Bois's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68345 zip code has the highest median property tax rate of 1.16%, while the same 68345 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Du Bois provides valuable insights into the varying tax landscape across Richardson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Du Bois Tax Rate
1.16%
Average Richardson County Tax Rate
1.91%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Du Bois, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68345 | 1.14% | 1.14% | 1.16% | 1.21% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Du Bois, Nebraska
In Du Bois, 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 Richardson 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 Du Bois, 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 Du Bois helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Richardson County is $3,733 in zip code 68345, while the lowest is also in zip code 68345, indicating a uniformity in tax bills across the area.
Average Du Bois Assessed Value
$293,566
Average Richardson County Assessed Value
$51,575
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Du Bois, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68345 | $42,091 | $107,620 | $293,566 | $414,338 | $441,467 |
Source: Ownwell
Property Tax Bills Across Du Bois, Nebraska
In Du Bois, Richardson County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is a percentage of the property's market value, reflecting its worth in the real estate market. For instance, with a median home price of $293,566, the assessed value plays a critical role in determining the final tax bill. Various factors influence the tax bill, including property size, location, and any improvements made. Homeowners in Du Bois can expect tax bills to vary significantly. For example, the 25th percentile tax bill is $1,233, while the 75th percentile tax bill is $4,940, and the 90th percentile tax bill reaches up to $5,976. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Du Bois residents experience a wide range of tax burdens depending on their property's assessed value.
Average Du Bois Tax Bill
$3,733
Average Richardson County Tax Bill
$905
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Du Bois, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68345 | $487 | $1,233 | $3,733 | $4,940 | $5,976 |
Source: Ownwell