Craig, Washington County, Nebraska Property Taxes

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

Median Craig, NE effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Craig, NE home value: $659,140
Median annual Craig, NE tax bill: $8,465, $6,065 higher than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Craig, Washington County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$8,437

$7,829

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

Property Tax Rates Across Craig, Washington County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Craig, located in Washington County, Nebraska, the effective property tax rate reflects the county's budgetary needs and property values. Compared to the national median property tax rate of 1.02%, Nebraska's median rate of 1.28% is higher, indicating a greater emphasis on property taxes to fund local services. This may result in a higher property tax bill for residents compared to the national median of $2,400. Craig's property tax rate is a crucial factor for homeowners to consider when evaluating their annual financial obligations. Understanding how these rates compare to other cities in Nebraska and across the U.S. can provide valuable insights for property owners and prospective buyers alike.

Property Tax Rates Across Craig, Washington County, Nebraska

Source: Ownwell

1.30%

1.76%

2.21%

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 Craig Tax Rate

1.28%

Median Effective Washington County Tax Rate

1.71%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Craig, Washington County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68019	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Craig, Washington County, Nebraska

When examining property taxes in Craig, NE, 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 Washington 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.

Assessment notices: Washington County sends assessment notices 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 Craig. For example, the median home price in Craig is $659,140, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Craig, Washington County, Nebraska

Source: Ownwell

$24,055

$218,393

$412,730

Median Craig Market Value

$659,140

Median Washington County Market Value

$234,648

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Craig, Washington County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68019	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Craig, Washington County, Nebraska

In Craig, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With the median home price in Washington County at $659,140, property tax bills can vary significantly. For example, the 25th percentile tax bill is $4,684, while the 75th percentile reaches $12,817, and the 90th percentile is $13,022. These figures highlight the substantial impact property taxes can have on homeowners, especially when compared to the national median property tax bill of $2,400.

Ownwell provides valuable assistance to homeowners by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax burden. This service not only ensures that homeowners are not overpaying on their property taxes but also provides peace of mind knowing their property tax bills are accurate and fair.

Property Tax Bills Across Craig, Washington County, Nebraska

Source: Ownwell

$273

$3,620

$6,966

Median Craig Tax Bill

$8,465

Median Washington County Tax Bill

$4,036

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Craig, Washington County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68019	N/A	N/A	N/A	N/A	N/A

Source: Ownwell