Beaver Crossing, Nebraska Property Taxes
The median property tax rate in Beaver Crossing, NE is 1.33%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $138,636, the typical annual property tax bill in Beaver Crossing is around $1,685, falling short of the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural land. Grasping the nuances of Beaver Crossing's property tax system, exploring available exemptions, and finding ways to reduce your tax burden can lead to substantial yearly savings. Whether you're residing in Beaver Crossing or investing in real estate within Seward County, understanding the local property tax landscape is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Beaver Crossing, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,844
Ownwell’s Beaver Crossing Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Beaver Crossing to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed information, neighborhood-level trends are available for deeper insights. Your property’s assessed value, determined by Seward County, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Beaver Crossing, Nebraska
Property taxes in Beaver Crossing, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver Crossing is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Beaver Crossing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver Crossing 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 Beaver Crossing's effective property tax rate to other areas and the national median. For comparison, the zip code 68313 has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Beaver Crossing provides valuable insights into the varying tax landscape across Seward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Crossing Tax Rate
1.33%
Average Seward County Tax Rate
1.59%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver Crossing, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68313 | 0.94% | 0.95% | 1.33% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Beaver Crossing, Nebraska
In Beaver Crossing, 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 Seward 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 Beaver Crossing, 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 Beaver Crossing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 68313 has both the highest and lowest median tax bill at $1,685.
Property Tax Assessment Values Across Beaver Crossing, Nebraska
Source: Ownwell
$70,780
$392,825
$714,870
Average Beaver Crossing Assessed Value
$138,636
Average Seward County Assessed Value
$185,126
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver Crossing, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68313 | $28,335 | $62,169 | $138,636 | $266,671 | $509,464 |
Source: Ownwell
Property Tax Bills Across Beaver Crossing, Nebraska
In Beaver Crossing, Seward County, NE, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The tax rate is set by local taxing authorities and is applied to the assessed value to calculate the tax bill. For homeowners in Beaver Crossing, the median home price is $138,636. Tax bills can vary significantly, with the 25th percentile tax bill at $792 and the 75th percentile at $2,847. At the 90th percentile, homeowners might see tax bills as high as $5,141. The highest and lowest median tax bills in the area both stand at $1,685, reflecting a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Beaver Crossing's tax rates can influence homeowners' financial planning and property investment decisions. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Beaver Crossing Tax Bill
$1,685
Average Seward County Tax Bill
$2,810
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver Crossing, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68313 | $285 | $792 | $1,685 | $2,847 | $5,141 |
Source: Ownwell