Octavia, Butler County, Nebraska Property Taxes

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

Median Octavia, NE effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Octavia, NE home value: $11,280. Median annual Octavia, NE tax bill: $174, $2,226 lower than the national median property tax bill of $2,400.

How are property taxes in Butler calculated?

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

Last Updated March 1, 2025

Octavia, Butler County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$135

$126

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

Property Tax Rates Across Octavia, Butler County, Nebraska

Local government entities determine tax rates, leading to considerable variation within a state. This is because each county annually estimates its budgetary needs for services and divides this by the total value of all taxable properties in its jurisdiction. This calculation results in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the core of the annual process.

You can compare Octavia’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Octavia, located in Butler County, has a property tax rate that stands out compared to the national median of 1.02%. Nebraska as a whole has a median property tax rate of 1.54%, which is significantly higher than the national average. This means that homeowners in Octavia may face higher property tax bills compared to other parts of the country. Understanding these rates can help property owners in Octavia make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Octavia, Butler County, Nebraska

Source: Ownwell

0.75%

0.97%

1.20%

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 Octavia Tax Rate

1.20%

Median Effective Butler County Tax Rate

1.16%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Octavia, Butler County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68632	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Octavia, Butler County, Nebraska

When examining property taxes in Octavia, 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 Appraisal District 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 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 Octavia. For example, the median home price in Octavia is $11,280, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Octavia, Butler County, Nebraska

Source: Ownwell

$45,075

$176,030

$306,985

Median Octavia Market Value

$11,280

Median Butler County Market Value

$157,312

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Octavia, Butler County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68632	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Octavia, Butler County, Nebraska

In Octavia, located in Butler County, Nebraska, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value often reflects a percentage of the home's market value, which is then multiplied by the local tax rate to determine the tax bill. In Octavia, the property tax bill is notably low, with the 25th, 75th, and 90th percentiles all at $174, significantly below the national median property tax bill of $2,400. This low tax bill can be attributed to the relatively modest median home price of $11,280 in the area. Homeowners in Octavia benefit from these lower tax obligations, making homeownership more affordable compared to other regions. However, it's still crucial for homeowners to ensure their property is not over-assessed. This is where Ownwell can assist by providing property tax appeal and exemption services, potentially reducing tax bills further. By leveraging expertise in local tax regulations, Ownwell helps homeowners secure the most accurate assessments and maximize savings.

Property Tax Bills Across Octavia, Butler County, Nebraska

Source: Ownwell

$328

$1,353

$2,378

Median Octavia Tax Bill

$136

Median Butler County Tax Bill

$1,593

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Octavia, Butler County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68632	N/A	N/A	N/A	N/A	N/A

Source: Ownwell