Belvidere, Thayer County, Nebraska Property Taxes

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

Median Belvidere, NE effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Belvidere, NE home value: $27,136
Median annual Belvidere, NE tax bill: $350, $2,050 lower than the national median property tax bill of $2,400.

How are property taxes in Thayer calculated?

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

Last Updated March 1, 2025

Belvidere, Thayer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$336

$312

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

Property Tax Rates Across Belvidere, Thayer County, Nebraska

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually calculates its budget needs to fund services and divides this by the total value of all taxable property in its area, leading to the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the yearly process.

In Belvidere, located in Thayer County, the effective property tax rate stands at 1.24%. This rate is on par with both the highest and lowest median tax rates in Nebraska, indicating a consistent tax rate within the area. When compared to the national median property tax rate of 1.02%, Belvidere's rate is higher, reflecting the unique budgetary requirements and property values in the region. Consequently, residents may find themselves paying more in property taxes compared to the national average.

Understanding these rates is crucial for property owners, as it affects their annual financial planning. By being informed, residents can better anticipate their tax obligations and explore potential avenues for appealing or reducing their property tax assessments.

Property Tax Rates Across Belvidere, Thayer County, Nebraska

Source: Ownwell

0.96%

1.22%

1.48%

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 Belvidere Tax Rate

1.24%

Median Effective Thayer County Tax Rate

1.32%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Belvidere, Thayer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68315	0.92%	0.94%	1.24%	1.24%	1.24%

Source: Ownwell

Property Tax Assessment Values Across Belvidere, Thayer County, Nebraska

When examining property taxes in Belvidere, 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 Thayer 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 Thayer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Belvidere.

For example, the median home price in Belvidere is $27,136, with tax bills ranging significantly across the county. Zip code 68315 has the highest median home price at $27,136.

Property Tax Assessment Values Across Belvidere, Thayer County, Nebraska

Source: Ownwell

$27,136

$88,825

$150,514

Median Belvidere Market Value

$27,136

Median Thayer County Market Value

$73,318

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Belvidere, Thayer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68315	$1,793	$5,573	$27,136	$206,984	$532,448

Source: Ownwell

Property Tax Bills Across Belvidere, Thayer County, Nebraska

Property tax bills in Belvidere, Nebraska, are determined by the assessed value of a property, which is typically a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. In Belvidere, homeowners face a median property tax bill of $350, which is significantly lower than the national median of $2,400. This is largely due to the lower median home price of $27,136 in the area. However, tax bills can vary widely, with the 25th percentile at $45 and the 90th percentile reaching $5,032, indicating a broad range of property values and tax liabilities. For homeowners, these taxes can represent a substantial financial burden, particularly if the property is over-assessed. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies. By appealing over-assessments and ensuring all eligible exemptions are applied, Ownwell helps homeowners reduce their property tax bills, providing much-needed relief in managing their annual expenses.

Property Tax Bills Across Belvidere, Thayer County, Nebraska

Source: Ownwell

$269

$856

$1,443

Median Belvidere Tax Bill

$350

Median Thayer County Tax Bill

$919

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Belvidere, Thayer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68315	$22	$45	$350	$2,031	$5,032

Source: Ownwell