Ithaca, Saunders County, Nebraska Property Taxes

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

Median Ithaca, NE effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Ithaca, NE home value: $191,296
Median annual Ithaca, NE tax bill: $2,860, $460 higher than the national median property tax bill of $2,400.

How are property taxes in Saunders County calculated?

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

Last Updated March 1, 2025

Ithaca, Saunders County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.43%

Estimate Property Tax Bill

$2,736

$2,538

Ownwell’s Ithaca Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ithaca with just two data points.

By entering your property's estimated assessed value, our calculator applies Ithaca’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 Saunders.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ithaca, Saunders County, Nebraska

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.

In Ithaca, located in Saunders County, Nebraska, the effective property tax rate is 1.43%. This rate is notably higher than the national median property tax rate of 1.02%. Despite the higher rate, it's essential to consider that the funds collected through property taxes are crucial for maintaining public services and infrastructure. Comparing Ithaca's rate to other cities within Nebraska, it reflects the broader trend in the state, where property tax rates can significantly vary.

Understanding these rates and their implications can empower property owners to make informed decisions about their investments and potential tax appeals. It's always beneficial to stay informed and explore opportunities for property tax exemptions or appeals, ensuring you're not overpaying on your property taxes.

Property Tax Rates Across Ithaca, Saunders County, Nebraska

Source: Ownwell

1.11%

1.54%

1.96%

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 Ithaca Tax Rate

1.43%

Median Effective Saunders County Tax Rate

1.77%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ithaca, Saunders County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68033	1.33%	1.35%	1.43%	1.62%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Ithaca, Saunders County, Nebraska

When examining property taxes in Ithaca, 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. Saunders County 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 Saunders 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 Ithaca. For example, the median home price in Ithaca is $191,296, with tax bills ranging significantly across the county. Zip code 68033 has the highest median home price at $191,296.

Property Tax Assessment Values Across Ithaca, Saunders County, Nebraska

Source: Ownwell

$108,208

$222,633

$337,058

Median Ithaca Market Value

$191,296

Median Saunders County Market Value

$199,000

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ithaca, Saunders County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68033	$52,377	$99,076	$191,296	$317,746	$513,199

Source: Ownwell

Property Tax Bills Across Ithaca, Saunders County, Nebraska

In Ithaca, located in Saunders County, NE, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value, which is typically a percentage of the property's market value. Factors such as location, property size, and local tax levies influence the assessed value and, consequently, the tax bill. With a median home price of $191,296, homeowners in Ithaca face property tax bills that can vary significantly, with the 25th percentile at $1,557 and the 75th percentile reaching $4,590. This range indicates that property taxes can be a substantial financial burden for many homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they are not overpaying. This service provides significant savings and peace of mind, allowing homeowners to better manage their financial obligations.

Property Tax Bills Across Ithaca, Saunders County, Nebraska

Source: Ownwell

$1,814

$3,821

$5,828

Median Ithaca Tax Bill

$2,860

Median Saunders County Tax Bill

$3,382

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Ithaca, Saunders County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68033	$875	$1,557	$2,860	$4,590	$7,492

Source: Ownwell