Bellwood, Butler County, Nebraska Property Taxes
Median Bellwood, NE effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bellwood, NE home value: $145,985
Median annual Bellwood, NE tax bill: $1,876, $524 lower than the national median property tax bill of $2,400.
How are property taxes in Butler County calculated?
Property taxes in Bellwood, 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 Bellwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bellwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bellwood, Butler County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$1,606
$1,490
Property Tax Rates Across Bellwood, Butler County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variation occurs 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, this is the annual process in a nutshell.
In Bellwood, located in Butler County, NE, the effective property tax rate is a reflection of the county's financial needs and property values. The median property tax rate in Nebraska stands at 1.10%, which is slightly above the national median of 1.02%. This rate indicates how property taxes in Bellwood compare to other areas. Notably, Bellwood shares its property tax rate with other regions in Nebraska, such as those in the zip code 68624, highlighting a uniformity in tax rates across certain locations within the state.
Understanding these rates and how they are determined can empower property owners to make informed decisions and potentially explore tax appeal and exemption opportunities.
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 Bellwood Tax Rate
1.10%
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 Butler County Tax Rate
1.49%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bellwood, Butler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68624 | 1.08% | 1.09% | 1.10% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Bellwood, Butler County, Nebraska
When examining property taxes in Bellwood, 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 Butler 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 Butler 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 Bellwood.
For example, the median home price in Bellwood is $145,985, with tax bills ranging significantly across the county. Zip code 68624 has the highest median home price at $145,985.
Property Tax Assessment Values Across Bellwood, Butler County, Nebraska
Source: Ownwell
$42,318
$172,608
$302,898
Median Bellwood Market Value
$145,985
Median Butler County Market Value
$140,672
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bellwood, Butler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68624 | $25,375 | $71,870 | $145,985 | $243,762 | $485,089 |
Source: Ownwell
Property Tax Bills Across Bellwood, Butler County, Nebraska
Median Bellwood Tax Bill
$1,876
Median Butler County Tax Bill
$1,858
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Bellwood, Butler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68624 | $268 | $804 | $1,876 | $2,932 | $5,598 |
Source: Ownwell