Elk Creek, Johnson County, Nebraska Property Taxes
Median ELK CREEK, NE effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ELK CREEK, NE home value: $114,361
Median annual ELK CREEK, NE tax bill: $1,536, $864 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in ELK CREEK, 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 ELK CREEK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELK CREEK, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elk Creek, Johnson County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$1,462
$1,357
Property Tax Rates Across Elk Creek, Johnson County, Nebraska
Local government entities are responsible for setting tax rates, and these can differ significantly across various areas within a state. This is primarily because each county calculates its budgetary needs annually to fund essential services and then divides this by the total assessed value of all taxable properties within its boundaries. This calculation determines the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is essentially the annual process.
In Elk Creek, located in Johnson County, NE, the effective property tax rate is a point of interest. When compared to other cities within Nebraska, Elk Creek's rate offers insight into the broader taxation landscape. Nebraska's median property tax rate stands at 1.42%, which is notably higher than the national median of 1.02%. This means that property owners in Nebraska, including those in Elk Creek, generally face higher tax obligations compared to the national average. Understanding these differences can assist property owners in making informed decisions regarding property investments and tax appeals.
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 Elk Creek Tax Rate
1.01%
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 Johnson County Tax Rate
1.31%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elk Creek, Johnson County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68348 | 0.66% | 0.96% | 1.01% | 1.38% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Elk Creek, Johnson County, Nebraska
When examining property taxes in Elk Creek, 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 Johnson 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.
In Johnson 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 Elk Creek.
For example, the median home price in Elk Creek is $114,361, with tax bills ranging significantly across the county. Zip code 68348 has the highest median home price at $114,361.
Property Tax Assessment Values Across Elk Creek, Johnson County, Nebraska
Source: Ownwell
$112,101
$348,562
$585,022
Median Elk Creek Market Value
$144,795
Median Johnson County Market Value
$129,124
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elk Creek, Johnson County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68348 | $9,815 | $28,049 | $144,795 | $416,064 | $645,157 |
Source: Ownwell
Property Tax Bills Across Elk Creek, Johnson County, Nebraska
In Elk Creek, Johnson County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $114,361, with property tax bills varying widely. Many homeowners find themselves paying between $233 and $4,131, with some reaching up to $6,475. This variability can significantly impact a homeowner's budget, especially when compared to the national median property tax bill of $2,400.
Factors affecting these bills include the property's assessed value, local tax rates, and any applicable exemptions. High property tax bills can be burdensome, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially reduce their tax liabilities. Our team works diligently to ensure that assessments are fair and accurate, maximizing savings and ensuring peace of mind. With Ownwell's assistance, Elk Creek homeowners can navigate the complexities of property taxes more effectively.
Median Elk Creek Tax Bill
$1,570
Median Johnson County Tax Bill
$1,727
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Elk Creek, Johnson County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68348 | $103 | $385 | $1,570 | $3,646 | $6,086 |
Source: Ownwell