Bassett, Brown County, Nebraska Property Taxes
Median Bassett, NE effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bassett, NE home value: $175,485
Median annual Bassett, NE tax bill: $1,847, $553 lower than the national median property tax bill of $2,400.
How are property taxes in Brown County calculated?
Property taxes in Bassett, 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 Bassett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bassett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bassett, Brown County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$1,843
$1,710
Property Tax Rates Across Bassett, Brown County, Nebraska
Local government entities have the authority to set tax rates, which can differ significantly across regions. This is primarily because each county, like Brown County, annually estimates its budgetary needs to provide essential services. The required budget is divided by the total value of all taxable property within the county, resulting in the property tax rate. This is the process that determines how much property owners will pay in taxes each year. While the process involves various votes and legal considerations, this is the basic annual procedure.
In Bassett, located in Brown County, the effective property tax rate can be compared to other cities in Nebraska, as well as the median property tax rates in both the state and the U.S. The median property tax rate in Nebraska is slightly higher than the national median. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively. By being informed about local tax rates, property owners can make better financial decisions and potentially save money through appeals or exemptions.
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 Bassett Tax Rate
1.05%
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 Brown County Tax Rate
1.50%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bassett, Brown County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bassett, Brown County, Nebraska
When examining property taxes in Bassett, 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 Brown County Assessor's Office 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 Brown 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 Bassett.
For example, the median home price in Bassett is $175,485, with tax bills ranging significantly across the county. The tax bill at the 25th, 75th, and 90th percentiles is $1,847.
Property Tax Assessment Values Across Bassett, Brown County, Nebraska
Source: Ownwell
$84,072
$118,836
$153,600
Median Bassett Market Value
$175,485
Median Brown County Market Value
$87,245
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bassett, Brown County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bassett, Brown County, Nebraska
In Bassett, located in Brown County, Nebraska, property tax bills are determined by the assessed value of a home, which is derived from the market value. The median home price in Bassett is $175,485. Property taxes are then calculated by applying the local tax rate to this assessed value. While the national median property tax rate is 1.02%, property tax bills in Bassett are consistent, with the 25th, 75th, and 90th percentiles all at $1,847. This consistent tax bill suggests a stable rate applied to homes in the area.
For homeowners, these taxes can represent a significant expense, impacting monthly budgets and long-term financial planning. However, Ownwell can assist homeowners in Bassett by identifying opportunities for tax appeals and exemptions. Our experts analyze property assessments to ensure they're fair and accurate, potentially lowering tax liabilities. By leveraging local knowledge and expertise, Ownwell helps homeowners reduce their property tax bills, providing peace of mind and financial relief.
Median Bassett Tax Bill
$1,847
Median Brown County Tax Bill
$1,181
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Bassett, Brown County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell