Otoe, Otoe County, Nebraska Property Taxes

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

Median Otoe, NE effective property tax rate: 2.51%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Otoe, NE home value: $48,410
Median annual Otoe, NE tax bill: $1,120, $1,280 lower than the national median property tax bill of $2,400.

How are property taxes in Otoe calculated?

Property taxes in Otoe, 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 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 March 1, 2025

Otoe, Otoe County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.51%

Estimate Property Tax Bill

$1,215

$1,128

Ownwell’s Otoe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Otoe with just two data points. By entering your property's estimated assessed value, our calculator applies Otoe’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Otoe, Otoe County, Nebraska

Local government entities set tax rates, and these can vary significantly within a state. Each county estimates its required budget for services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

Otoe County in Nebraska features an effective property tax rate of 2.51%, which is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Otoe County might face higher property tax bills than the national average of $2400. When comparing Otoe County's rate to other cities in Nebraska, it stands out as being on the higher end of the spectrum. This can impact homeowners' decisions regarding property investments and financial planning. Understanding these rates is essential for property owners aiming to manage their expenses effectively. By being informed, homeowners can make better decisions and potentially seek assistance to appeal or reduce their property tax burdens.

Property Tax Rates Across Otoe, 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 Otoe Tax Rate

2.51%

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 Otoe, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68417	1.42%	1.44%	2.51%	2.51%	2.51%
68454	N/A	N/A	N/A	N/A	N/A

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 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 May. 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 Otoe. For example, the median home price in Otoe is $48,410, with tax bills ranging significantly across the county. Zip code 68417 has the highest median home price at $49,600.

Property Tax Assessment Values Across Otoe, Otoe County, Nebraska

Source: Ownwell

$31,060

$203,400

$375,740

Median Otoe Market Value

$48,410

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 Otoe, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68417	$7,512	$21,585	$49,600	$190,638	$338,801
68454	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Otoe, Otoe County, Nebraska

In Otoe, Nebraska, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value. For homeowners in Otoe, the median property tax bill is $1,120, which is below the national median of $2,400. The tax bill can vary significantly, with some homeowners paying as little as $480, while others may pay up to $4,752, depending on factors such as property size, location, and improvements. These taxes fund essential local services like schools, infrastructure, and emergency services, impacting the community's quality of life.

Ownwell offers valuable assistance to homeowners in Otoe by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners reduce their tax burden, ensuring they pay only their fair share. This service not only saves money but also provides peace of mind, knowing that one's property taxes are accurate and equitable.

Property Tax Bills Across Otoe, Otoe County, Nebraska

Source: Ownwell

$439

$2,958

$5,477

Median Otoe Tax Bill

$1,120

Median Otoe County Tax Bill

$2,328

Median Nebraska Tax Bill

$3,071

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	$102	$480	$1,120	$2,893	$4,752
68454	N/A	N/A	N/A	N/A	N/A

Source: Ownwell