Holbrook, Furnas County, Nebraska Property Taxes

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

Median Holbrook, NE effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Holbrook, NE home value: $33,118
Median annual Holbrook, NE tax bill: $550, $1,850 lower than the national median property tax bill of $2,400.

How are property taxes in Furnas County calculated?

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

Last Updated March 1, 2025

Holbrook, Furnas County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.8%

Estimate Property Tax Bill

$596

$553

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

Property Tax Rates Across Holbrook, Furnas County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their 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 basic annual process. In Holbrook, located in Furnas County, Nebraska, the effective property tax rate stands at 1.80%. This rate is notably higher than the national median property tax rate of 1.02%. Nebraska's median property tax rate also aligns at 1.80%, which is consistent with the rate in Holbrook. This comparison highlights how property tax rates in Nebraska can be higher than the national average, impacting homeowners' annual tax bills. Understanding these variations is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Holbrook, Furnas County, Nebraska

Source: Ownwell

1.28%

1.57%

1.86%

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 Holbrook Tax Rate

1.80%

Median Effective Furnas County Tax Rate

1.80%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Holbrook, Furnas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68948	1.32%	1.33%	1.80%	1.80%	1.80%

Source: Ownwell

Property Tax Assessment Values Across Holbrook, Furnas County, Nebraska

When examining property taxes in Holbrook, 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. The Furnas County Assessor 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 Furnas 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 Holbrook. For example, the median home price in Holbrook is $33,118, with tax bills ranging significantly across the county. 68948 has the highest median home price at $33,118.

Property Tax Assessment Values Across Holbrook, Furnas County, Nebraska

Source: Ownwell

$22,280

$98,035

$173,790

Median Holbrook Market Value

$33,118

Median Furnas County Market Value

$62,290

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Holbrook, Furnas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68948	$5,682	$12,646	$33,118	$84,246	$270,614

Source: Ownwell

Property Tax Bills Across Holbrook, Furnas County, Nebraska

In Holbrook, located in Furnas County, Nebraska, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Holbrook is $33,118, contributing to a property tax bill that typically ranges from $216 at the 25th percentile to $3,595 at the 90th percentile. The median tax bill is notably lower than the national median of $2,400. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Holbrook may find that their property tax bills can be a significant financial consideration, particularly if their home’s assessed value does not accurately reflect its market value. Ownwell offers assistance by providing property tax appeal services, potentially reducing tax burdens for homeowners. By ensuring that assessments are fair and accurate, Ownwell helps homeowners save on their property tax bills, offering peace of mind and financial relief.

Property Tax Bills Across Holbrook, Furnas County, Nebraska

Source: Ownwell

$391

$1,176

$1,960

Median Holbrook Tax Bill

$550

Median Furnas County Tax Bill

$1,054

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Holbrook, Furnas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68948	$92	$216	$550	$1,290	$3,595

Source: Ownwell