Kimball, Banner County, Nebraska Property Taxes
Median Kimball, NE effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Kimball, NE home value: $220,922
Median annual Kimball, NE tax bill: $3,026, $626 higher than the national median property tax bill of $2,400.
How are property taxes in Banner County calculated?
Property taxes in Kimball, 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 Kimball’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kimball, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kimball, Banner County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.37%
Estimate Property Tax Bill
$3,027
$2,809
Property Tax Rates Across Kimball, Banner County, Nebraska
Local government entities determine tax rates, which can vary significantly within a state. Each county estimates its required budget for services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Kimball, located in Banner County, Nebraska, the effective property tax rate reflects these local calculations. Nebraska's median property tax rate is 1.37%, which is higher than the national median of 1.02%. This rate places Nebraska among the states with higher property tax burdens.
Kimball's property tax rate is a critical factor for homeowners, as it impacts the overall cost of homeownership. Comparing Kimball’s rate to other cities in Nebraska and the national average provides insight into how local taxes affect residents. Understanding these rates is essential for homeowners considering property tax appeals or exemptions, ensuring they are not overpaying compared to similar regions.
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 Kimball Tax Rate
1.37%
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 Kimball, Banner County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69145 | 1.36% | 1.37% | 1.37% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Kimball, Banner County, Nebraska
When examining property taxes in Kimball, NE, 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 Assessor 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 Kimball. For example, the median home price in Kimball is $220,922, with tax bills ranging significantly across the county. 69145 has the highest median home price at $220,922.
Property Tax Assessment Values Across Kimball, Banner County, Nebraska
Source: Ownwell
$133,954
$177,438
$220,922
Median Kimball Market Value
$220,922
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 Kimball, Banner County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69145 | $57,210 | $103,718 | $220,922 | $376,950 | $465,307 |
Source: Ownwell
Property Tax Bills Across Kimball, Banner County, Nebraska
In Kimball, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value, often lower than the market value, is then multiplied by the local tax rate to establish the tax bill. With a median home price of $220,922, homeowners in Kimball face varying tax bills, ranging from the 25th percentile at $1,430 to the 90th percentile at $6,388. The median tax bill in the nearby Banner County is $3,026, illustrating the potential variability in tax burdens within the region.
Property taxes can significantly impact homeowners, especially when bills exceed the national median of $2,400. For those facing higher tax bills, Ownwell offers a valuable service by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can help reduce the financial strain on homeowners, ensuring they pay only what is necessary and potentially saving them substantial amounts annually.
Median Kimball Tax Bill
$3,026
Median Banner County Tax Bill
$1,965
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Kimball, Banner County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69145 | $789 | $1,430 | $3,026 | $5,131 | $6,388 |
Source: Ownwell