Potter, Banner County, Nebraska Property Taxes

Name: Property Tax Bills Across Potter, Banner County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Potter, NE effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Potter, NE home value: $133,954
Median annual Potter, NE tax bill: $1,852, $548 lower than the national median property tax bill of $2,400.

How are property taxes in Banner County calculated?

Property taxes in Potter, 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 Potter’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Potter, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Potter, Banner County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$1,849

$1,715

Ownwell’s Potter Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Potter with just two data points. By entering your property's estimated assessed value, our calculator applies Potter’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 Banner County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Potter, Banner County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variability arises because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Potter’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Potter, Banner County, Nebraska

Source: Ownwell

1.37%

1.51%

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 Potter Tax Rate

1.38%

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 Potter, Banner County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69156	1.36%	1.37%	1.38%	1.38%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Potter, Banner County, Nebraska

When examining property taxes in Potter, 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 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 March. 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 Potter.

For example, the median home price in Potter is $133,954, with tax bills ranging significantly across the county. Zip code 69156 has the highest median home price at $133,954.

Property Tax Assessment Values Across Potter, Banner County, Nebraska

Source: Ownwell

$133,954

$177,438

$220,922

Median Potter Market Value

$133,954

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 Potter, Banner County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69156	$43,429	$93,108	$133,954	$224,582	$357,785

Source: Ownwell

Property Tax Bills Across Potter, Banner County, Nebraska

In Potter, located in Banner County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the tax bill. With a median home price of $133,954, homeowners in Potter experience a median property tax bill that is notably lower than the national median of $2,400. Tax bills in the area range significantly, with the 25th percentile at $1,167 and the 75th percentile at $3,091, indicating variability depending on property specifics and location within the county. The highest median tax bill recorded in the area is $1,852, which is below the national level. For homeowners, these taxes can represent a substantial annual expense, impacting financial planning and homeownership costs. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax liabilities. By reviewing assessments and identifying possible inaccuracies or exemptions, Ownwell assists homeowners in ensuring they pay only their fair share.

Property Tax Bills Across Potter, Banner County, Nebraska

Source: Ownwell

$1,840

$2,433

$3,026

Median Potter Tax Bill

$1,852

Median Banner County Tax Bill

$1,965

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Potter, Banner County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69156	$380	$1,167	$1,852	$3,091	$4,889

Source: Ownwell