Bayard, Banner County, Nebraska Property Taxes
Median Bayard, NE effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bayard, NE home value: $186,882
Median annual Bayard, NE tax bill: $2,622, $222 higher than the national median property tax bill of $2,400.
How are property taxes in Banner County calculated?
Property taxes in Bayard, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bayard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bayard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bayard, Banner County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.64%
Estimate Property Tax Bill
$3,065
$2,844
Ownwell’s Bayard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bayard with just two data points.
By entering your property's estimated assessed value, our calculator applies Bayard’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in 31007.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Bayard, Banner County, Nebraska
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bayard Tax Rate
1.64%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Banner County Tax Rate
1.37%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bayard, Banner County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69334 | 1.27% | 1.63% | 1.64% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Bayard, Banner County, Nebraska
When examining property taxes in Bayard, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Banner County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Banner County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bayard. For example, the median home price in Bayard is $186,882, with tax bills ranging significantly across the county. Zip code 69334 has the highest median home price at $186,882.
Property Tax Assessment Values Across Bayard, Banner County, Nebraska
Source: Ownwell
$133,954
$177,438
$220,922
Median Bayard Market Value
$186,882
Median Banner County Market Value
$144,301
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bayard, Banner County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69334 | $71,374 | $91,228 | $186,882 | $250,330 | $275,451 |
Source: Ownwell
Property Tax Bills Across Bayard, Banner County, Nebraska
In Bayard, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the local county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and market trends can influence the assessed value. For homeowners in Bayard, the median property tax bill is $2,622, which is higher than the national median of $2,400. This can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell helps homeowners in Bayard reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with the current market conditions, Ownwell can identify opportunities for reductions. Their team of experts works diligently to file appeals and secure exemptions, potentially saving homeowners hundreds or even thousands of dollars, thus easing the financial pressure of high property taxes.
Median Bayard Tax Bill
$2,622
Median Banner County Tax Bill
$1,965
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Bayard, Banner County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69334 | $446 | $1,355 | $2,622 | $4,109 | $4,548 |
Source: Ownwell