Lorton, Otoe County, Nebraska Property Taxes
Median Lorton, 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 Lorton, NE home value: $29,230
Median annual Lorton, NE tax bill: $421, $1,979 lower than the national median property tax bill of $2,400.
How are property taxes in Otoe calculated?
Property taxes in Lorton, 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 Lorton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lorton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lorton, 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
$430
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Property Tax Rates Across Lorton, Otoe County, Nebraska
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties calculate their required budget to maintain services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Lorton, located in 31131, NE, the effective property tax rate offers a point of comparison with other cities in Nebraska, as well as the median property tax rates in the state and across the nation. Nebraska's median property tax rate stands at 1.47%, notably higher than the national median of 1.02%. When examining property taxes, it's essential to consider these variations, as they can significantly impact homeowners' financial responsibilities. Understanding the local tax landscape can help property owners make informed decisions and potentially explore opportunities for tax appeals and exemptions.
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 Lorton 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 Lorton, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68382 | 1.46% | 1.47% | 1.47% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Lorton, Otoe County, Nebraska
When examining property taxes in Lorton, 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 the season. 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 Lorton. For example, the median home price in Lorton is $29,230, with tax bills ranging significantly across the county. Zip code 68382 has the highest median home price at $31,060.
Property Tax Assessment Values Across Lorton, Otoe County, Nebraska
Source: Ownwell
$31,060
$203,400
$375,740
Median Lorton Market Value
$29,230
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 Lorton, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68382 | $2,374 | $9,670 | $31,060 | $43,340 | $62,884 |
Source: Ownwell
Property Tax Bills Across Lorton, Otoe County, Nebraska
Median Lorton Tax Bill
$421
Median Otoe County Tax Bill
$2,328
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Lorton, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68382 | $20 | $142 | $439 | $610 | $808 |
Source: Ownwell