Callaway, Custer County, Nebraska Property Taxes

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

Median CALLAWAY, NE effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median CALLAWAY, NE home value: $108,221
Median annual CALLAWAY, NE tax bill: $1,374, $1,026 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

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

Last Updated March 1, 2025

Callaway, Custer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$1,493

$1,386

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

Property Tax Rates Across Callaway, Custer County, Nebraska

Local government entities determine tax rates, which can vary significantly within Nebraska. Each county, including 31041, estimates its required budget for public services annually and divides this by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual procedure.

In Callaway, the effective property tax rate is 1.38%, which is higher than the national median of 1.02%. Compared to other cities in Nebraska, Callaway’s rate aligns with the state’s median, indicating a consistent approach across the region. Homeowners in Callaway experience a property tax bill that reflects this rate, which is higher than the national median bill of $2400. Understanding these rates is crucial for property owners as they impact the overall cost of homeownership. By staying informed, property owners can better manage their expenses and explore potential tax appeal opportunities to reduce their financial burden.

Property Tax Rates Across Callaway, Custer County, Nebraska

Source: Ownwell

0.90%

1.37%

1.84%

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 Callaway Tax Rate

1.38%

Median Effective Custer County Tax Rate

1.38%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Callaway, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68825	1.06%	1.08%	1.38%	1.38%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Callaway, Custer County, Nebraska

When examining property taxes in Callaway, NE, 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 Custer 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. Assessment notices: In Custer 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 Callaway. For example, the median home price in Callaway is $108,221, with tax bills ranging significantly across the county. 68825 has the highest median home price at $108,221.

Property Tax Assessment Values Across Callaway, Custer County, Nebraska

Source: Ownwell

$45,774

$230,230

$414,686

Median Callaway Market Value

$108,221

Median Custer County Market Value

$99,711

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Callaway, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68825	$23,380	$54,938	$108,221	$230,602	$436,008

Source: Ownwell

Property Tax Bills Across Callaway, Custer County, Nebraska

In Callaway, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the home, which in Callaway, is influenced by factors such as location, size, and condition of the property. The median home price in Callaway is $108,221, with property tax bills ranging from $686 at the 25th percentile to $5,018 at the 90th percentile. This variability highlights the impact of differing home values and tax rates on homeowners. The median property tax bill in Callaway is $1,374, which is below the national median of $2,400, offering some relief to homeowners. However, for those facing higher tax bills, Ownwell can provide valuable assistance. By reviewing property assessments and ensuring they are accurate, Ownwell helps homeowners identify potential savings. Our expertise in property tax appeals can lead to significant reductions in tax bills, easing the financial burden on homeowners in Callaway.

Property Tax Bills Across Callaway, Custer County, Nebraska

Source: Ownwell

$764

$3,241

$5,717

Median Callaway Tax Bill

$1,374

Median Custer County Tax Bill

$1,435

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Callaway, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68825	$270	$686	$1,374	$2,865	$5,018

Source: Ownwell