Bellevue, Nebraska Property Taxes
The median property tax rate in Bellevue, NE is 1.92%, considerably higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Bellevue at $215,316, the typical annual property tax bill reaches $4,054, far exceeding the national median of $2,690. Property taxes in Bellevue 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 Bellevue'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 Bellevue or another part of Sarpy County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellevue, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$4,134
$3,836
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Nebraska
Property taxes in Bellevue, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 1.92%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other regions in Nebraska and the national median. For comparison, the 68147 zip code has the highest median property tax rate of 1.96%, while the 68005 zip code has the lowest median tax rate of 1.89%. Understanding how these areas compare with Bellevue provides valuable insights into the varying tax landscape across Sarpy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
1.92%
Average Sarpy County Tax Rate
1.93%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68005 | 1.80% | 1.86% | 1.89% | 1.96% | 2.04% |
| 68123 | 1.62% | 1.85% | 1.92% | 2.00% | 2.22% |
| 68147 | 1.79% | 1.87% | 1.96% | 2.04% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Nebraska
In Bellevue, 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 Sarpy 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. Assessment notices in Bellevue 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. For example, the median home price in Bellevue is $215,316, with tax bills ranging from $3,151 at the 25th percentile to $6,449 at the 90th percentile. The highest median tax bill is $4,731 in zip code 68123, while the lowest is $3,426 in zip code 68147. 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 Bellevue Assessed Value
$215,316
Average Sarpy County Assessed Value
$239,278
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68005 | $106,767 | $149,536 | $184,145 | $224,440 | $275,242 |
| 68123 | $188,730 | $215,908 | $248,715 | $295,382 | $352,711 |
| 68147 | $114,534 | $146,174 | $177,698 | $229,964 | $311,293 |
Source: Ownwell
Property Tax Bills Across Bellevue, Nebraska
Property tax bills in Bellevue, located in Sarpy County, NE, are determined by the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, set by the county assessor. This value is then multiplied by the local tax rate to calculate the annual tax bill. In Bellevue, the property tax rate is relatively high compared to the national median of 0.99%, with homeowners often seeing substantial variations in their tax bills. For instance, the tax bill at the 25th percentile is $3,151, while at the 75th percentile, it rises to $5,102. The 90th percentile tax bill can reach up to $6,449, reflecting the differences in property values within the city. The highest median tax bill recorded in the area is $4,731 in the 68123 zip code, whereas the lowest is $3,426 in the 68147 zip code. These factors significantly impact homeowners, influencing their financial planning and housing affordability.
Average Bellevue Tax Bill
$4,054
Average Sarpy County Tax Bill
$4,476
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68005 | $1,899 | $2,801 | $3,474 | $4,215 | $5,268 |
| 68123 | $3,246 | $4,047 | $4,731 | $5,780 | $7,043 |
| 68147 | $1,923 | $2,792 | $3,426 | $4,396 | $6,192 |
Source: Ownwell