Otoe, Otoe County, Nebraska Property Taxes
Property Taxes in Otoe, Nebraska
Median Otoe, Nebraska effective property tax rate: 2.16%, significantly higher than the national median of 1.02%, and higher than the Nebraska state median of 1.39%.
Median Otoe, Nebraska home value: $63,192
Median annual Otoe, Nebraska tax bill: $1,271, lower than the national median property tax bill of $2,400.
How are property taxes in Otoe calculated?
Property taxes in Otoe, Nebraska 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 Otoe's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Otoe, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Otoe, Otoe County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.16%
Estimate Property Tax Bill
$1,365
$1,267
How Does the Otoe Property Tax Calculator Work?
Use this Otoe property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Otoe's median effective tax rate of 2.16% — based on actual property records in Otoe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Otoe's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Otoe: rates range from 1271.00% in 68417 to 1271.00% in 68417, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Otoe.
About Otoe Property Taxes
About Property Taxes in Otoe, Otoe, Nebraska
Otoe’s median effective property tax rate of 2.16% is higher than the Nebraska state median of 1.39% and higher than the national median of 1.02%. This rate reflects the Otoe County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Otoe. Homeowners in ZIP code 68417 carry a median effective rate of 2.16%, while those in the same ZIP code pay 2.16%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Otoe County. Understanding which part of Otoe you live in can make a meaningful difference to your annual tax bill.
Otoe homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before June 30, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Otoe, Otoe County, Nebraska
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Otoe's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Tax Rate
2.16%
Our median effective property tax rate (tax bill Ă· 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
1.77%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Otoe, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68417 | 1.21% | 1.23% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Otoe, Otoe County, Nebraska
When examining property taxes in Otoe, 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.
Assessment notices:
In Otoe County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of June.
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. For example, the median home price in Otoe is $63,192, with tax bills ranging significantly across the county. ZIP code 68417 has the highest median home price at $63,192.
Property Tax Assessment Values Across Otoe, Otoe County, Nebraska
Source: Ownwell
$36,946
$226,075
$415,204
Median Otoe Market Value
$63,192
Median Otoe County Market Value
$165,200
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Otoe, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68417 | $7,410 | $26,985 | $63,192 | $266,556 | $450,604 |
Source: Ownwell
Property Tax Bills Across Otoe, Otoe County, Nebraska
Property tax bills in Otoe are based on the assessed value of a home and the local tax rates set by taxing authorities. For a home with a median home price of $63,192, the bill reflects how that value is taxed rather than the purchase price alone. Local budgets, school funding, and other public services all play a role in the final amount homeowners owe.
For many homeowners, the bill can vary widely. The 25th percentile tax bill is $579, while the 75th percentile tax bill is $3,395 and the 90th percentile tax bill is $5,475. The median tax bill is $1,271, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. This means some homeowners pay relatively modest amounts, while others face much higher bills depending on their home’s assessed value and the local tax rate.
Median Otoe Tax Bill
$1,271
Median Otoe County Tax Bill
$2,874
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Otoe, Otoe County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68417 | $179 | $579 | $1,271 | $3,395 | $5,475 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Otoe Tax Assessor | |
| Website | otoe.nebraskaassessors.com |