Lyons, Cuming County, Nebraska Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total assessed 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, in a nutshell, this is the annual process.

You can compare Lyons’ effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

In Lyons, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office. The median home price in Lyons is $530,490, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value, ultimately affecting the homeowner's tax bill. For instance, the 25th percentile tax bill is $4,394, while the 75th percentile reaches $7,099, and the top 10% of tax bills are as high as $9,290. This variability highlights the significant impact of property assessments on tax obligations.

With property tax bills in Lyons often surpassing the national median of $2,400, homeowners may find themselves paying more than the average. This is where Ownwell can make a difference. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities, ensuring they only pay what is fair and equitable.