Tecumseh, Johnson County, Nebraska Property Taxes
Median Tecumseh, NE effective property tax rate: 2.06%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Tecumseh, NE home value: $71,880
Median annual Tecumseh, NE tax bill: $1,400, $1,000 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in Tecumseh, 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 Tecumseh’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tecumseh, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tecumseh, Johnson County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$1,704
$1,581
Property Tax Rates Across Tecumseh, Johnson County, Nebraska
Local government entities set tax rates, which can vary widely within a state. Each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Tecumseh, located in Johnson County, Nebraska, the effective property tax rate is notably higher than the national median of 1.02%. This rate is also higher than the median property tax rate for the state of Nebraska. Such a difference can be attributed to the unique budgetary needs and property values within the county.
When comparing Tecumseh’s property tax rate to other cities in Nebraska, it stands out as one of the highest in the state. This underscores the importance of understanding local tax dynamics and how they can impact property owners. By staying informed and possibly seeking property tax appeal services, residents can navigate these challenges more effectively.
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 Tecumseh Tax Rate
1.50%
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 Tecumseh, Johnson County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68450 | 0.95% | 1.03% | 1.50% | 1.54% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Tecumseh, Johnson County, Nebraska
When examining property taxes in Tecumseh, 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'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 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 Tecumseh.
For example, the median home price in Tecumseh is $71,880, with tax bills ranging significantly across the county. Zip code 68450 has the highest median home price at $71,880.
Property Tax Assessment Values Across Tecumseh, Johnson County, Nebraska
Source: Ownwell
$112,101
$348,562
$585,022
Median Tecumseh Market Value
$113,575
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 Tecumseh, Johnson County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68450 | $15,432 | $51,745 | $113,575 | $220,855 | $491,770 |
Source: Ownwell
Property Tax Bills Across Tecumseh, Johnson County, Nebraska
Median Tecumseh Tax Bill
$1,647
Median Johnson County Tax Bill
$1,727
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Tecumseh, Johnson County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68450 | $313 | $766 | $1,647 | $2,819 | $4,964 |
Source: Ownwell