Kramer, Lancaster County, Nebraska Property Taxes

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

Median Kramer, NE effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Kramer, NE home value: $116,300
Median annual Kramer, NE tax bill: $1,531, $869 lower than the national median property tax bill of $2,400.

How are property taxes in Lancaster calculated?

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

Last Updated March 1, 2025

Kramer, Lancaster County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.32%

Estimate Property Tax Bill

$1,535

$1,425

Ownwell’s Kramer Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kramer with just two data points. By entering your property's estimated assessed value, our calculator applies Kramer’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 county 31109. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kramer, Lancaster County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation is largely 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. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Kramer, situated in county 31109, Nebraska, the effective property tax rate reflects this localized approach. The county's tax rate is often compared to other cities in Nebraska and the national median. Nebraska's median property tax rate stands at 1.32%, significantly higher than the national median of 1.02%. This can result in a higher property tax bill for homeowners in Kramer compared to the national median of $2,400. Understanding these variances is crucial for homeowners looking to manage their property tax obligations effectively.

Property Tax Rates Across Kramer, Lancaster County, Nebraska

Source: Ownwell

1.14%

1.47%

1.80%

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 Kramer Tax Rate

1.32%

Median Effective Lancaster County Tax Rate

1.51%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kramer, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68333	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Kramer, Lancaster County, Nebraska

When examining property taxes in Kramer, 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 Lancaster 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 Lancaster 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 Kramer.

For example, the median home price in Kramer is $116,300, with tax bills ranging significantly across the county. 68501 has the highest median home price at $116,300.

Property Tax Assessment Values Across Kramer, Lancaster County, Nebraska

Source: Ownwell

$160,450

$345,425

$530,400

Median Kramer Market Value

$116,300

Median Lancaster County Market Value

$238,100

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kramer, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68333	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Kramer, Lancaster County, Nebraska

In Kramer, Nebraska, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The assessed value in Kramer is a percentage of the market value, which is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $116,300, homeowners can expect a tax bill around $1,531. This figure is significantly higher than the national median property tax bill of $2,400, reflecting the local tax rate's impact on homeowners. Factors such as property location, improvements, and local government budgets influence the assessed value and tax rate. Homeowners in Kramer can potentially reduce their property tax bills by appealing their property's assessed value. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners ensure that their property is not over-assessed. By leveraging local market data and expert negotiation, Ownwell can help homeowners achieve significant savings on their property tax bills.

Property Tax Bills Across Kramer, Lancaster County, Nebraska

Source: Ownwell

$2,267

$4,383

$6,499

Median Kramer Tax Bill

$1,531

Median Lancaster County Tax Bill

$3,561

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Kramer, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68333	N/A	N/A	N/A	N/A	N/A

Source: Ownwell