Adams, Otoe County, Nebraska Property Taxes

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

Median ADAMS, NE effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ADAMS, NE home value: $278,174
Median annual ADAMS, NE tax bill: $4,409, $2,009 higher than the national median property tax bill of $2,400.

How are property taxes in Otoe calculated?

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

Last Updated March 1, 2025

Adams, Otoe County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$4,395

$4,079

Ownwell’s ADAMS Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ADAMS with just two data points. By entering your property's estimated assessed value, our calculator applies ADAMS’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 31131. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Adams, Otoe County, Nebraska

Local government entities in Nebraska, like in other states, set property tax rates, which can vary significantly within the state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While setting these rates involves votes and legal considerations, this is essentially the annual process.

In Adams, located in Otoe County, property tax rates align with the state's median rate of 1.58%, which is notably higher than the national median of 1.02%. The effective property tax rate in Adams is the same as the highest and lowest rates within Nebraska, indicating a uniformity in the tax burden across the state. When compared to the national median property tax bill of $2400, residents in Adams experience a comparatively higher tax rate, reflecting the state's reliance on property taxes for funding local services. Understanding these rates can help homeowners in Adams better navigate their property tax obligations and explore potential avenues for appeals or exemptions.

Property Tax Rates Across Adams, Otoe County, Nebraska

Source: Ownwell

1.44%

1.97%

2.51%

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 Adams Tax Rate

1.58%

Median Effective Otoe County Tax Rate

1.92%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Adams, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68301	1.47%	1.48%	1.58%	1.70%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Adams, Otoe County, Nebraska

When examining property taxes in ADAMS, NE, 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 Otoe County Appraisal District 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 Otoe 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 ADAMS. For example, the median home price in ADAMS is $278,174, with tax bills ranging significantly across the county. 68301 has the highest median home price at $278,174.

Property Tax Assessment Values Across Adams, Otoe County, Nebraska

Source: Ownwell

$31,060

$203,400

$375,740

Median Adams Market Value

$278,174

Median Otoe County Market Value

$121,530

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Adams, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68301	$160,084	$202,850	$278,174	$359,343	$503,876

Source: Ownwell

Property Tax Bills Across Adams, Otoe County, Nebraska

In Adams, located in Otoe County, Nebraska, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $278,174, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets and school funding needs influence these rates. Homeowners in Adams experience a property tax bill that typically ranges from $2,909 at the 25th percentile to $8,279 at the 90th percentile, with a median tax bill of $4,409. This is significantly higher than the national median property tax bill of $2,400, impacting homeowners by increasing their annual financial obligations. Ownwell can assist homeowners by analyzing their property assessments to identify potential discrepancies or overvaluations. By filing appeals and seeking exemptions, Ownwell helps reduce tax liabilities, ensuring homeowners only pay what is fair. This service not only saves money but also provides peace of mind to property owners in Adams.

Property Tax Bills Across Adams, Otoe County, Nebraska

Source: Ownwell

$439

$2,958

$5,477

Median Adams Tax Bill

$4,409

Median Otoe County Tax Bill

$2,328

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Adams, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68301	$2,162	$2,909	$4,409	$5,698	$8,279

Source: Ownwell