Dunbar, Otoe County, Nebraska Property Taxes
Median Dunbar, NE effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Dunbar, NE home value: $108,775
Median annual Dunbar, NE tax bill: $1,603, $797 lower than the national median property tax bill of $2,400.
How are property taxes in Otoe County calculated?
Property taxes in Dunbar, 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 Dunbar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dunbar, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dunbar, Otoe County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$1,795
$1,666
Ownwell’s Dunbar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dunbar with just two data points. By entering your property's estimated assessed value, our calculator applies Dunbar’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 Dunbar, Otoe County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This is primarily because each county estimates its required budget annually to provide essential services. They then divide this budget by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual process is the core of how tax rates are determined.
In Dunbar, located in Otoe County, the effective property tax rate is a significant consideration for homeowners. Compared to other cities in Nebraska, Dunbar's tax rate reflects the county's budgetary needs and the total taxable property value. The median property tax rate in Nebraska is notably higher than the national median of 1.02%, highlighting the state's approach to funding local services through property taxes. Understanding these rates is crucial for property owners as they navigate their financial planning and obligations.
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 Dunbar Tax Rate
1.65%
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 Dunbar, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68346 | 1.40% | 1.42% | 1.64% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Dunbar, Otoe County, Nebraska
When examining property taxes in Dunbar, 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 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 March. 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 Dunbar.
For example, the median home price in Dunbar is $108,775, with tax bills ranging significantly across the county. Zip code 68346 has the highest median home price at $114,405.
Property Tax Assessment Values Across Dunbar, Otoe County, Nebraska
Source: Ownwell
$31,060
$203,400
$375,740
Median Dunbar Market Value
$108,775
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 Dunbar, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68346 | $17,915 | $47,285 | $114,405 | $282,052 | $585,870 |
Source: Ownwell
Property Tax Bills Across Dunbar, Otoe County, Nebraska
Median Dunbar Tax Bill
$1,603
Median Otoe County Tax Bill
$2,328
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Dunbar, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68346 | $181 | $656 | $1,664 | $4,319 | $8,470 |
Source: Ownwell