Burr, Otoe County, Nebraska Property Taxes
Median BURR, NE effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median BURR, NE home value: $125,516
Median annual BURR, NE tax bill: $2,109, $291 lower than the national median property tax bill of $2,400.
How are property taxes in Otoe calculated?
Property taxes in BURR, 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 BURR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BURR, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Burr, Otoe County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.47%
Estimate Property Tax Bill
$1,845
$1,712
Property Tax Rates Across Burr, Otoe County, Nebraska
Local government entities in Nebraska are responsible for setting property tax rates, which can vary significantly within the state. This variation is due to the fact that each county annually estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and legislative measures play a role in setting these rates and budgets, this is essentially the annual process.
In Burr, located in Otoe County, the effective property tax rate offers a point of comparison to other cities in Nebraska, as well as to the median property tax rates in the state and across the U.S. Nebraska's median property tax rate stands at 1.47%, which is notably higher than the national median of 1.02%. This comparison highlights the relatively high property tax burden in Nebraska. Understanding these rates is crucial for property owners seeking to manage their tax liabilities 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 Burr Tax Rate
1.47%
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 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 Burr, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68324 | 1.43% | 1.44% | 1.47% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Burr, Otoe County, Nebraska
When examining property taxes in Burr, 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 April. 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 Burr.
For example, the median home price in Burr is $125,516, with tax bills ranging significantly across the county. Zip code 68324 has the highest median home price at $131,502.
Property Tax Assessment Values Across Burr, Otoe County, Nebraska
Source: Ownwell
$31,060
$203,400
$375,740
Median Burr Market Value
$125,516
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 Burr, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68324 | $21,090 | $45,955 | $131,502 | $276,974 | $559,065 |
Source: Ownwell
Property Tax Bills Across Burr, Otoe County, Nebraska
Median Burr Tax Bill
$2,109
Median Otoe County Tax Bill
$2,328
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Burr, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68324 | $406 | $874 | $2,125 | $4,200 | $8,053 |
Source: Ownwell