Article VIII of Nebraska's State Constitution represents the main legal document regarding taxation in the State of Nebraska. Property taxes are determined at local levels, being used for schools, fire and police protection, and other public services and benefits.
The Lancaster County Assessor determines the market values, for all taxable real property in the Lancaster County. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
Assessed values are determined by applying a specific assessment coefficient to a property's market values. In Nebraska, real property is assessed at 100% of it's market value, except for agricultural or horticultural lands - assessed at 75% of market value - and property which qualifies for the historically significant valuation program.
Taxable Values and Exemptions
Nebraska State provides taxpayers a variety of tax exemptions. These are important because they may lower a property's tax bill. If they apply, they are deducted from the assessed value to give the property's taxable value.
We have no information about whether any exemptions currently apply to this property. The taxable value is therefore considered to be equal to the assessed value.
Property tax in Lancaster County is calculated by multiplying the assessed value with the corresponding levy rates and is an estimate of what an owner not benefiting from tax exemptions would pay.
We have no tax rate information for this property's tax area, therefore we are unable to estimate how much property tax is payable.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs. For more information please visit the web pages of Lancaster County's Assessor and Treasurer or look up this property's current valuation and tax situation.