Thurston, Thurston County, Nebraska Property Taxes
Median Thurston, NE effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Thurston, NE home value: $114,290
Median annual Thurston, NE tax bill: $1,658, $742 lower than the national median property tax bill of $2,400.
How are property taxes in Thurston calculated?
Property taxes in Thurston, 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 Thurston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thurston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Thurston, Thurston County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,218
$1,130
Property Tax Rates Across Thurston, Thurston County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variation is primarily because each county annually 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. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Thurston, Nebraska, property tax rates are notably higher than the national median. The median property tax rate here is 1.36%, which is above the national median of 1.02%. This difference can significantly affect property tax bills, especially when compared to the national median property tax bill of $2,400. Understanding these figures is crucial for property owners when budgeting for annual expenses. Comparing Thurston's effective property tax rate to other cities in Nebraska and the median property tax rates in the state and the U.S. can provide valuable insights into how much property owners might expect to pay.
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 Thurston Tax Rate
0.87%
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 Thurston County Tax Rate
1.32%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thurston, Thurston County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68062 | 0.75% | 0.79% | 0.87% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Thurston, Thurston County, Nebraska
When examining property taxes in Thurston, 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 Thurston 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 Thurston 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 Thurston. For example, the median home price in Thurston is $114,290, with tax bills ranging significantly across the county. Zip code 68062 has the highest median home price at $114,290.
Property Tax Assessment Values Across Thurston, Thurston County, Nebraska
Source: Ownwell
$21,918
$86,715
$151,512
Median Thurston Market Value
$140,015
Median Thurston County Market Value
$109,558
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thurston, Thurston County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68062 | $26,733 | $47,945 | $140,015 | $290,380 | $646,348 |
Source: Ownwell
Property Tax Bills Across Thurston, Thurston County, Nebraska
Median Thurston Tax Bill
$1,329
Median Thurston County Tax Bill
$1,338
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Thurston, Thurston County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68062 | $284 | $575 | $1,329 | $2,578 | $5,275 |
Source: Ownwell