Fremont, Nebraska Property Taxes
The median property tax rate in Fremont, NE is 1.51%, considerably higher than the national median of 0.99%, yet lower than the Nebraska state median of 1.75%. With a median home value of $24,055 in Fremont, the typical annual property tax bill is $273, which is significantly below the national median of $2,690. Property taxes in Fremont are calculated based on the tax assessed value, often reduced by exemptions such as those for primary residences and agricultural properties. Understanding Fremont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fremont or another part of the city, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fremont, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$363
$337
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Nebraska
Property taxes in Fremont, Nebraska, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68025 has both the highest and lowest median property tax rate of 1.51%. Understanding how these areas compare with Fremont provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
1.51%
Average Washington County Tax Rate
1.71%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | 1.49% | 1.51% | 1.51% | 1.51% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Nebraska
In Fremont, 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 Dodge 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. In Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fremont are both $273.00, found in the 68025 zip code.
Average Fremont Assessed Value
$24,055
Average Washington County Assessed Value
$234,648
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $9,557 | $13,040 | $24,055 | $225,430 | $668,193 |
Source: Ownwell
Property Tax Bills Across Fremont, Nebraska
In Fremont, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by local county assessors and typically reflects a percentage of the market value. For homeowners in Fremont, the median home price stands at $24,055. Property tax rates are applied to this assessed value to generate the annual tax bill. Several factors influence the final tax amount, including the specific tax rate set by local taxing authorities and any applicable exemptions or abatements. For example, the tax bill for the 25th percentile is $184, while homeowners at the 75th percentile face a tax bill of $3,407. At the 90th percentile, the tax bill can reach as high as $9,992. Understanding these figures is crucial for homeowners, as property taxes directly impact annual housing costs. With Fremont's tax rates, homeowners can better plan their finances and anticipate their yearly obligations. The highest and lowest median tax bills in Fremont both stand at $273, reflecting the uniformity in tax assessments within the zip code 68025.
Average Fremont Tax Bill
$273
Average Washington County Tax Bill
$4,036
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68025 | $85 | $184 | $273 | $3,407 | $9,992 |
Source: Ownwell