Lakeside, Nebraska Property Taxes
The median property tax rate in Lakeside, NE is 1.35%, 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 $183,323 in Lakeside, the typical annual property tax bill amounts to $1,781, which is below the national median of $2,690. Property taxes in Lakeside are based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Lakeside's property tax system, exploring available exemptions, and identifying potential reductions can result in significant annual savings. Whether you're in the heart of Lakeside or another part of Sheridan County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lakeside, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,475
$2,297
Ownwell’s Lakeside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakeside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakeside 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 Lakeside, Nebraska
Property taxes in Lakeside, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lakeside is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lakeside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakeside 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 Lakeside's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69351 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Lakeside provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lakeside Tax Rate
1.35%
Average Sheridan County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakeside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69351 | 1.23% | 1.33% | 1.35% | 1.41% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Lakeside, Nebraska
In Lakeside, 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 Sheridan 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 Lakeside, 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. In Lakeside, the median home price is $183,323, and property tax bills can vary significantly, with the 25th percentile at $877 and the 75th percentile at $4,102. The highest and lowest median tax bill is $1,781 in zip code 69351. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lakeside Assessed Value
$183,323
Average Sheridan County Assessed Value
$70,524
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lakeside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69351 | $5,652 | $65,082 | $183,323 | $294,356 | $486,112 |
Source: Ownwell
Property Tax Bills Across Lakeside, Nebraska
In Lakeside, Sheridan County, NE, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $183,323. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile of tax bills around $877, while those in the 75th percentile can reach up to $4,102. For properties at the 90th percentile, tax bills can soar to $6,728. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bills in Sheridan County both stand at $1,781, highlighting a relatively consistent tax rate within the area. Compared to the national median property tax rate of 0.99%, Lakeside's property taxes can be considered moderate, but individual circumstances can lead to higher or lower tax obligations. Homeowners must stay informed about their property's assessed value and any changes in local tax rates to manage their tax liabilities effectively.
Average Lakeside Tax Bill
$1,781
Average Sheridan County Tax Bill
$1,197
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakeside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69351 | $78 | $877 | $1,781 | $4,102 | $6,728 |
Source: Ownwell