Lexington, Dawson County, Nebraska Property Taxes

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

Median Lexington, NE effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Lexington, NE home value: $98,720
Median annual Lexington, NE tax bill: $1,719, $681 lower than the national median property tax bill of $2,400.

How are property taxes in Dawson calculated?

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

Last Updated March 1, 2025

Lexington, Dawson County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$1,787

$1,658

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

Property Tax Rates Across Lexington, Dawson County, Nebraska

Local government entities are responsible for setting tax rates, which can differ significantly 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Lexington, located in Dawson County, Nebraska, the effective property tax rate is a notable point of comparison. Nebraska's median property tax rate stands at 1.81%, significantly higher than the national median of 1.02%. This places Nebraska among the states with higher property tax rates. When comparing Lexington's tax rate to other cities within Nebraska, one can observe that it aligns with the state's median rate, which is consistent across the state. Understanding these tax rates is crucial for property owners looking to manage their tax liabilities effectively. By staying informed about local property tax trends, homeowners can make informed decisions about their properties and finances.

Property Tax Rates Across Lexington, Dawson County, Nebraska

Source: Ownwell

1.22%

1.74%

2.26%

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 Lexington Tax Rate

1.81%

Median Effective Dawson County Tax Rate

1.81%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lexington, Dawson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68850	1.43%	1.81%	1.81%	1.81%	1.81%

Source: Ownwell

Property Tax Assessment Values Across Lexington, Dawson County, Nebraska

When examining property taxes in Lexington, 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. Dawson County 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 Dawson 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 Lexington.

For example, the median home price in Lexington is $98,720, with tax bills ranging significantly across the county. Zip code 68850 has the highest median home price at $98,720.

Property Tax Assessment Values Across Lexington, Dawson County, Nebraska

Source: Ownwell

$51,098

$207,279

$363,459

Median Lexington Market Value

$98,720

Median Dawson County Market Value

$101,091

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lexington, Dawson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68850	$8,223	$52,447	$98,720	$152,364	$217,322

Source: Ownwell

Property Tax Bills Across Lexington, Dawson County, Nebraska

In Lexington, located in Dawson County, NE, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The median home price in Lexington is $98,720, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $938, while at the 75th percentile, it reaches $2,652, and at the 90th percentile, it climbs to $3,673. Despite these variations, the median tax bill in Lexington stands at $1,719, which is below the national median property tax bill of $2,400. This discrepancy highlights how property taxes can impact homeowners differently depending on their property's assessed value. Ownwell offers a valuable service to homeowners by helping them navigate the complexities of property tax assessments. By reviewing assessments and identifying potential savings, Ownwell assists homeowners in appealing their property taxes, potentially reducing their tax burden and ensuring they are not overpaying.

Property Tax Bills Across Lexington, Dawson County, Nebraska

Source: Ownwell

$732

$2,730

$4,728

Median Lexington Tax Bill

$1,719

Median Dawson County Tax Bill

$1,900

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Lexington, Dawson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68850	$153	$938	$1,719	$2,652	$3,673

Source: Ownwell