Peru, Otoe County, Nebraska Property Taxes

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

Median Peru, NE effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Peru, NE home value: $509,750
Median annual Peru, NE tax bill: $8,363, $5,963 higher than the national median property tax bill of $2,400.

How are property taxes in Otoe calculated?

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

Last Updated March 1, 2025

Peru, Otoe County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.45%

Estimate Property Tax Bill

$5,722

$5,310

Ownwell’s Peru Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Peru with just two data points. By entering your property's estimated assessed value, our calculator applies Peru’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 Peru, Otoe County, Nebraska

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is due to each county's annual budget estimation process. Counties calculate their required budget for services and divide it by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. Although the process involves votes and laws, this is essentially how it works each year.

In Peru, located in Otoe County, Nebraska, the effective property tax rate is a key factor for homeowners to consider. Nebraska's median property tax rate stands at 1.64%, which is notably higher than the national median of 1.02%. This difference highlights the importance of understanding local tax rates, as they can significantly impact the financial responsibilities of property owners. By comparing Peru's property tax rate to other cities in Nebraska and the national median, residents can gain valuable insights into their property tax obligations. Understanding these rates can help homeowners make informed decisions about their property investments and financial planning.

Property Tax Rates Across Peru, Otoe County, Nebraska

Source: Ownwell

1.22%

1.70%

2.18%

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 Peru Tax Rate

1.45%

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 Peru, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Peru, Otoe County, Nebraska

When examining property taxes in Peru, 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's Office 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 Peru. For example, the median home price in Peru is $509,750, with tax bills ranging significantly across the county, reflecting the diverse property values and tax rates within the region.

Property Tax Assessment Values Across Peru, Otoe County, Nebraska

Source: Ownwell

$36,946

$226,075

$415,204

Median Peru Market Value

$394,654

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 Peru, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Peru, Otoe County, Nebraska

In Peru, located in Otoe County, NE, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The county applies a tax rate to this assessed value to calculate the annual tax bill. Homeowners in Peru face tax bills that can vary significantly, with the 25th percentile at $3,531 and the 75th percentile reaching $10,121. This variability highlights the importance of accurate assessments and the potential for discrepancies. Homeowners may find themselves paying more than necessary if their property is over-assessed. With a national median property tax bill of $2,400, many residents in Peru pay significantly higher taxes. This is where Ownwell can make a difference. By providing expert property tax appeal services, Ownwell helps homeowners ensure their property is correctly assessed, potentially lowering their tax bills. This not only saves money but also alleviates the financial burden on homeowners, making property ownership more affordable and sustainable.

Property Tax Bills Across Peru, Otoe County, Nebraska

Source: Ownwell

$487

$3,110

$5,733

Median Peru Tax Bill

$5,701

Median Otoe County Tax Bill

$2,874

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Peru, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell