Tecumseh, Otoe County, Nebraska Property Taxes

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

Median Tecumseh, NE effective property tax rate: 1.92%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Tecumseh, NE home value: $19,140
Median annual Tecumseh, NE tax bill: $368, $2,032 lower than the national median property tax bill of $2,400.

How are property taxes in Otoe calculated?

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

Last Updated March 1, 2025

Tecumseh, Otoe County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.92%

Estimate Property Tax Bill

$367

$341

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

Local government entities determine tax rates, which can significantly differ within a state. Each county annually estimates its necessary budget to provide public services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

You can compare Tecumseh’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Tecumseh, located in Otoe County, has a distinctive tax landscape. The median property tax rate in Nebraska is higher than the national median of 1.02%. This means property owners in Tecumseh might face higher tax bills compared to the national average, impacting the overall cost of homeownership. Understanding how these rates compare can provide valuable insights for property owners. Whether you're considering an appeal or exploring exemptions, being informed about these rates can empower you to make more strategic decisions regarding your property taxes.

Property Tax Rates Across Tecumseh, 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 Tecumseh Tax Rate

1.92%

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 Tecumseh, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Tecumseh, Otoe County, Nebraska

When examining property taxes in Tecumseh, 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 March. 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 Tecumseh. For example, the median home price in Tecumseh is $19,140, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Tecumseh, Otoe County, Nebraska

Source: Ownwell

$31,060

$203,400

$375,740

Median Tecumseh Market Value

$19,140

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 Tecumseh, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Tecumseh, Otoe County, Nebraska

In Tecumseh, located in Otoe County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $19,140, the property tax bill in Tecumseh is considerably lower than the national median, with amounts typically around $368, compared to the national median of $2,400. This difference highlights the affordability of property taxes in this region. However, even with lower rates, homeowners can still benefit from a reduction in their tax bills. Ownwell assists homeowners by reviewing their property assessments to identify potential inaccuracies or opportunities for exemptions. By filing appeals and ensuring that valuations are fair and accurate, Ownwell helps homeowners in Tecumseh potentially save on their property tax bills, ensuring they only pay what is necessary. This service provides peace of mind and financial relief to property owners.

Property Tax Bills Across Tecumseh, Otoe County, Nebraska

Source: Ownwell

$439

$2,958

$5,477

Median Tecumseh Tax Bill

$368

Median Otoe County Tax Bill

$2,328

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Tecumseh, Otoe County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell