Davenport, Fillmore County, Nebraska Property Taxes

Local government entities set tax rates, which can vary widely within a state. This variation is due to the annual process where each county estimates its required budget to provide services and divides that by the total 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.

In Davenport, located in Fillmore County, the effective property tax rate provides a unique perspective on how local taxation compares to broader trends. The median property tax rate in Nebraska stands at 1.14%, which is higher than the national median of 1.02%. This suggests that property owners in Davenport may experience slightly higher property tax bills compared to the national average. However, understanding how these rates are determined can offer valuable insights into the local government's financial needs and priorities. Comparing Davenport’s effective rate to other cities in Nebraska and the median rates across the state and the U.S. can help property owners make informed decisions regarding their property investments and tax obligations.

Property tax bills in Davenport, located in Fillmore County, Nebraska, are calculated based on the assessed value of a property. The assessed value is determined by the local assessor and reflects the market value of the property. In Davenport, the property tax bill can vary significantly, with the 25th percentile tax bill at $429 and the 75th percentile at $2,768. This indicates a wide range of property values and corresponding tax obligations. The median home price in the area is $182,105, which helps provide a baseline for understanding typical tax bills. Compared to the national median property tax bill of $2,400, Davenport's tax bills can be either lower or higher, depending on the property's assessed value.

Homeowners in Davenport can potentially save on their property tax bills with Ownwell's expertise. By leveraging our property tax appeal and exemption services, homeowners can ensure their property is accurately assessed and explore opportunities for exemptions, ultimately reducing their tax burden. This service is especially beneficial for those with higher tax bills, such as those in the 90th percentile, where bills can reach up to $7,802.