Seneca, Thomas County, Nebraska Property Taxes
Median Seneca, NE effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Seneca, NE home value: $17,264
Median annual Seneca, NE tax bill: $128, $2,272 lower than the national median property tax bill of $2,400.
How are property taxes in Thomas County calculated?
Property taxes in Seneca, 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 Seneca’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Seneca, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Seneca, Thomas County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$145
$135
Property Tax Rates Across Seneca, Thomas County, Nebraska
Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation occurs because each year, counties estimate the budget needed to provide services and divide it by the total value of all taxable property within their area, resulting in the property tax rate. Although the process involves votes and legal frameworks, this is essentially how it works annually.
In Seneca, located in Thomas County, Nebraska, the effective property tax rate is 0.84%. This rate aligns with the highest and lowest median tax rates in the state, both recorded at 0.84% in the same zip code. When compared to the national median property tax rate of 1.02%, Seneca's rate is notably lower. The median property tax bill in Nebraska is also below the national median of $2400. This comparison highlights how property tax rates in Seneca and across Nebraska can be more favorable than in other parts of the country, potentially offering significant savings for property owners in the region.
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 Seneca Tax Rate
0.84%
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 Thomas County Tax Rate
0.90%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Seneca, Thomas County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69161 | 0.84% | 0.84% | 0.84% | 0.84% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Seneca, Thomas County, Nebraska
When examining property taxes in Seneca, 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 Thomas 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 Thomas 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 Seneca.
For example, the median home price in Seneca is $17,264, with tax bills ranging significantly across the county. Zip code 69161 has the highest median home price at $17,264.
Property Tax Assessment Values Across Seneca, Thomas County, Nebraska
Source: Ownwell
$17,264
$171,794
$326,324
Median Seneca Market Value
$17,264
Median Thomas County Market Value
$63,458
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Seneca, Thomas County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69161 | $1,222 | $4,547 | $17,264 | $76,565 | $323,813 |
Source: Ownwell
Property Tax Bills Across Seneca, Thomas County, Nebraska
Median Seneca Tax Bill
$128
Median Thomas County Tax Bill
$669
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Seneca, Thomas County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69161 | $10 | $30 | $128 | $665 | $2,868 |
Source: Ownwell