Avoca, Otoe County, Nebraska Property Taxes

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

Median Avoca, NE effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Avoca, NE home value: $253,798
Median annual Avoca, NE tax bill: $3,640, $1,240 higher than the national median property tax bill of $2,400.

How are property taxes in Otoe County calculated?

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

Last Updated March 1, 2025

Avoca, Otoe County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$3,655

$3,391

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

Property Tax Rates Across Avoca, Otoe County, Nebraska

Local government entities, such as those in Avoca, NE, set property tax rates that can vary significantly within the state. This variation occurs because each year, counties like Otoe estimate the budget required to provide essential services. They then divide this amount by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. Though votes and legislation play roles in establishing these rates and budgets, this is the core process undertaken annually.

In Avoca, the effective property tax rate can be compared to other cities in Nebraska, as well as to the state and national medians. Nebraska's median property tax rate stands at 1.44%, which is above the national median of 1.02%. This indicates that, on average, property owners in Nebraska, including those in Avoca, may experience a higher tax burden compared to the national average. Understanding these differences can help property owners make informed decisions and potentially seek tax appeal services if they believe their property's assessed value does not accurately reflect its market value.

Property Tax Rates Across Avoca, 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 Avoca Tax Rate

1.44%

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 Avoca, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68307	1.27%	1.42%	1.44%	1.44%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Avoca, Otoe County, Nebraska

When examining property taxes in Avoca, 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 Otoe 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 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 Avoca. For example, the median home price in Avoca is $253,798, with tax bills ranging significantly across the county. Zip code 68307 has the highest median home price at $253,798.

Property Tax Assessment Values Across Avoca, Otoe County, Nebraska

Source: Ownwell

$31,060

$203,400

$375,740

Median Avoca Market Value

$253,798

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 Avoca, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68307	$137,516	$183,708	$253,798	$394,978	$492,123

Source: Ownwell

Property Tax Bills Across Avoca, Otoe County, Nebraska

In Avoca, Nebraska, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, and local taxing authorities set the rates. For homeowners in Avoca, understanding the nuances of property tax calculations is crucial, as tax bills can vary significantly. The median home price in Avoca is $253,798, which influences the amount homeowners pay in taxes. Tax bills here range from the 25th percentile at $2,513 to the 90th percentile at $7,019, with the highest median tax bill recorded at $3,640. This is above the national median property tax bill of $2,400, highlighting the potential for savings. Homeowners can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell assists Avoca homeowners by providing expert property tax appeal services, potentially reducing their tax burden and ensuring a fair assessment. This service can lead to significant savings, offering financial relief and peace of mind.

Property Tax Bills Across Avoca, Otoe County, Nebraska

Source: Ownwell

$439

$2,958

$5,477

Median Avoca Tax Bill

$3,640

Median Otoe County Tax Bill

$2,328

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Avoca, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68307	$1,827	$2,513	$3,640	$5,454	$7,019

Source: Ownwell