Nebraska City, Otoe County, Nebraska Property Taxes

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

Median Nebraska City, NE effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, but lower than the NE state median of 1.75%. Median Nebraska City, NE home value: $100,562. Median annual Nebraska City, NE tax bill: $2,034, $366 lower than the national median property tax bill of $2,400.

How are property taxes in Otoe calculated?

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

Last Updated March 1, 2025

Nebraska City, Otoe County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.13%

Estimate Property Tax Bill

$2,142

$1,988

Ownwell’s Nebraska City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nebraska City with just two data points.

By entering your property's estimated assessed value, our calculator applies Nebraska City’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 Nebraska City, Otoe County, Nebraska

Local government entities in Nebraska set tax rates, which can vary widely within the state. Each year, counties like Otoe estimate their required budget to provide essential services, dividing that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell. In Nebraska City, located in Otoe County, the effective property tax rate stands at 2.13%. This rate is significantly higher than the national median property tax rate of 1.02%. Comparing Nebraska City's rate to other cities within Nebraska, it's clear that property taxes here are on the higher end. This high rate can lead to substantial property tax bills, especially when compared to the national median property tax bill of $2400. It's crucial for property owners in Nebraska City to be aware of these rates and consider seeking property tax appeal services to potentially lower their tax burden.

Property Tax Rates Across Nebraska City, 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 Nebraska City Tax Rate

2.13%

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 Nebraska City, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68410	1.64%	2.13%	2.13%	2.13%	2.13%
68418	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Nebraska City, Otoe County, Nebraska

When examining property taxes in Nebraska City, 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 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 Nebraska City.

For example, the median home price in Nebraska City is $100,562, with tax bills ranging significantly across the county. Zip code 68410 has the highest median home price at $100,792.

Property Tax Assessment Values Across Nebraska City, Otoe County, Nebraska

Source: Ownwell

$31,060

$203,400

$375,740

Median Nebraska City Market Value

$100,562

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 Nebraska City, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68410	$25,037	$50,460	$100,792	$166,860	$271,818
68418	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Nebraska City, Otoe County, Nebraska

In Nebraska City, located in Otoe County, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Nebraska City experience a median property tax bill of approximately $2,036, which is slightly below the national median of $2,400. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. Property taxes can significantly impact homeowners, as they represent a substantial annual cost.

Ownwell offers valuable assistance to homeowners in Nebraska City by helping them navigate the complexities of property tax assessments. By providing expert guidance and support in filing appeals or applying for exemptions, Ownwell can help homeowners potentially lower their tax bills. This can lead to significant savings, reducing the financial burden on homeowners and allowing them to allocate resources to other important areas.

Property Tax Bills Across Nebraska City, Otoe County, Nebraska

Source: Ownwell

$439

$2,958

$5,477

Median Nebraska City Tax Bill

$2,034

Median Otoe County Tax Bill

$2,328

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Nebraska City, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68410	$332	$932	$2,036	$3,394	$5,020
68418	N/A	N/A	N/A	N/A	N/A

Source: Ownwell