Burwell, Rock County, Nebraska Property Taxes

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its budgetary needs for services and divides that by the total assessed value of all taxable properties within its borders, resulting in the property tax rate. Although votes and legislation play roles in establishing tax rates and budgets, this is essentially the yearly procedure.

In Burwell, located in Garfield County, Nebraska, the effective property tax rate is a reflection of this process. The median property tax rate in Nebraska is 1.54%, which is higher than the national median of 1.02%. Meanwhile, Burwell's property tax rate offers a distinct comparison to other cities within the state. Nebraska's median property tax bill is $2,164, slightly below the national median of $2,400. This comparison provides valuable insight into how Burwell's property tax landscape fits within the broader context of Nebraska and the United States. Understanding these nuances can empower property owners to make informed decisions about their tax obligations and potential savings.

In Burwell, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For homeowners in Rock County, the median property tax bill is notably below the national median, indicating a more favorable tax environment. However, there is still a broad range in tax bills, with the 25th percentile at $775 and the 90th percentile reaching $4014. This variation can be attributed to differences in property values and local tax rates.

Homeowners in Burwell can benefit from understanding how these factors influence their tax bills. By ensuring their property's assessed value accurately reflects its market value, they can avoid overpaying. Ownwell offers expert property tax consulting services to help homeowners in Burwell challenge their assessments and secure exemptions. By leveraging local expertise and a thorough understanding of property tax laws, Ownwell can potentially reduce tax burdens, allowing homeowners to save significantly on their property tax bills.