Brewster, Nebraska Property Taxes
The median property tax rate in Brewster, NE is 0.84%, considerably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Brewster at $89,443, the typical annual property tax bill reaches $831, significantly below the national median of $2,690. Property taxes in Brewster are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brewster's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brewster or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brewster, Nebraska Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$3,500
Ownwell’s Brewster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brewster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brewster 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 Brewster, Nebraska
Property taxes in Brewster, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brewster is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Brewster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brewster 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 Brewster's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68821 has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Brewster provides valuable insights into the varying tax landscape across Blaine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brewster Tax Rate
0.84%
Average Blaine County Tax Rate
0.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brewster, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68821 | 0.82% | 0.83% | 0.84% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Brewster, Nebraska
In Brewster, 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 Blaine 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 Brewster, 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 Brewster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brewster both stand at $831.00, specifically in the zip code 68821.
Average Brewster Assessed Value
$89,443
Average Blaine County Assessed Value
$93,464
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brewster, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68821 | $4,460 | $33,825 | $89,443 | $219,658 | $405,021 |
Source: Ownwell
Property Tax Bills Across Brewster, Nebraska
In Brewster, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Brewster is $89,443. Property taxes are determined by multiplying the assessed value by the local tax rate, which is influenced by the county's budget needs and voter-approved measures. For homeowners, this means the amount they pay can vary significantly depending on their property's assessed value and the specific tax rate applied. In Brewster, the property tax bill at the 25th percentile is $349, while at the 75th percentile, it rises to $1,794. At the 90th percentile, it reaches $3,341. These figures illustrate the range of property tax bills homeowners might expect. The highest and lowest median tax bills in the county both stand at $831, indicating some consistency in tax rates across different areas within the county. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Brewster Tax Bill
$831
Average Blaine County Tax Bill
$986
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Brewster, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68821 | $50 | $349 | $831 | $1,794 | $3,341 |
Source: Ownwell