Craig, Burt County, Nebraska Property Taxes
Median Craig, NE effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Craig, NE home value: $102,860
Median annual Craig, NE tax bill: $1,555, $845 lower than the national median property tax bill of $2,400.
How are property taxes in Burt County calculated?
Property taxes in Craig, 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 Craig’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Craig, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Craig, Burt County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$1,435
$1,331
Property Tax Rates Across Craig, Burt County, Nebraska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties calculate their required budget to provide essential services and divide it by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and adherence to laws, this is essentially how it unfolds annually.
In Craig, located in Burt County, the effective property tax rate is 1.46%. This rate positions Craig at the higher end of the spectrum within Nebraska, where it also represents the state’s highest median property tax rate. In comparison, the national median property tax rate is 1.02%. Additionally, the national median property tax bill stands at $2,400, providing a useful benchmark for understanding Craig's property tax context.
Understanding these figures helps property owners in Craig and Burt County better grasp how their local rates compare to both state and national levels. This knowledge is crucial for making informed decisions regarding property investments and financial planning.
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 Craig Tax Rate
1.03%
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 Burt County Tax Rate
1.51%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Craig, Burt County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68019 | 0.81% | 0.90% | 1.03% | 1.61% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Craig, Burt County, Nebraska
When examining property taxes in Craig, 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 Burt 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 Burt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Craig. For example, the median home price in Craig is $102,860, with tax bills ranging significantly across the county. Zip code 68019 has the highest median home price at $102,860.
Property Tax Assessment Values Across Craig, Burt County, Nebraska
Source: Ownwell
$92,592
$261,455
$430,317
Median Craig Market Value
$139,296
Median Burt County Market Value
$129,064
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Craig, Burt County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68019 | $29,746 | $69,792 | $139,296 | $322,488 | $683,843 |
Source: Ownwell
Property Tax Bills Across Craig, Burt County, Nebraska
Median Craig Tax Bill
$1,654
Median Burt County Tax Bill
$1,734
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Craig, Burt County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68019 | $297 | $876 | $1,654 | $3,474 | $6,465 |
Source: Ownwell