Newcastle, Dixon County, Nebraska Property Taxes
Median Newcastle, NE effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Newcastle, NE home value: $105,365
Median annual Newcastle, NE tax bill: $1,280, $1,120 lower than the national median property tax bill of $2,400.
How are property taxes in Dixon calculated?
Property taxes in Newcastle, 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 Newcastle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newcastle, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newcastle, Dixon County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$918
$852
Property Tax Rates Across Newcastle, Dixon County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Newcastle, located in Dixon County, Nebraska, the effective property tax rate is 0.94%. This is below the national median property tax rate of 1.02%, offering a relatively favorable tax environment compared to many other areas in the country. The median property tax bill in Newcastle is also likely to be lower than the national median of $2,400, reflecting the lower tax rate. Nebraska's median property tax rate aligns with Newcastle's, indicating a consistent approach to property taxation across the state. By understanding these rates, property owners can better anticipate their tax responsibilities and manage their finances accordingly.
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 Newcastle Tax Rate
0.65%
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 Dixon County Tax Rate
1.10%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newcastle, Dixon County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68757 | 0.60% | 0.60% | 0.65% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Newcastle, Dixon County, Nebraska
When examining property taxes in Newcastle, 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 Dixon County Assessor's office 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 Dixon 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 Newcastle. For example, the median home price in Newcastle is $105,365, with tax bills ranging significantly across the county. Zip code 68757 has the highest median home price at $105,365.
Property Tax Assessment Values Across Newcastle, Dixon County, Nebraska
Source: Ownwell
$73,635
$261,225
$448,815
Median Newcastle Market Value
$141,280
Median Dixon County Market Value
$129,765
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newcastle, Dixon County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68757 | $29,662 | $68,895 | $141,280 | $296,428 | $605,598 |
Source: Ownwell
Property Tax Bills Across Newcastle, Dixon County, Nebraska
In Newcastle, property tax bills are calculated using the assessed value of a home, which is determined by the local assessor’s office. This assessed value is then multiplied by the tax rate set by local taxing authorities. With a median home price of $105,365, homeowners in Newcastle face a median property tax bill that can vary significantly. For instance, the 25th percentile tax bill is $658, while the 75th percentile reaches $2,494, and the 90th percentile climbs to $4,466. These figures highlight the potential burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Homeowners in Newcastle can benefit from Ownwell's property tax appeal services. By analyzing local property data and identifying discrepancies in assessments, Ownwell helps homeowners reduce their tax liabilities. Their expertise can lead to substantial savings, ensuring that homeowners pay only what is fair. This service is particularly valuable in a place like Newcastle, where property tax bills can significantly impact a homeowner's budget.
Median Newcastle Tax Bill
$1,178
Median Dixon County Tax Bill
$1,490
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Newcastle, Dixon County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68757 | $284 | $661 | $1,178 | $2,036 | $3,808 |
Source: Ownwell