How do I know when my property valuation has changed?
On or about June 1st of each year the Assessor's Office sends out Notices of Valuation Change to property owners who have had a CHANGE of value.
How is agriculture land valued?
The theory of valuation for agricultural or horticultural land is no different than any other property. It is the fair market value of the land. The difference lies in the assessment level. The Nebraska Constitution states that agricultural/horticultural land must be assessed at 75% of its fair market value.
How are taxes calculated?
Tax rates are established as a result of a budgetary process. Each governmental agency provides a budget that will cover the cost of maintaining their respective agency for a fiscal year. The budget requirements are totaled and that amount is divided by the total assessed value of property for that subdivision to establish the tax rate. The tax rate is stated as a percent or amount due for each $100 of assessed value.
The County Assessor is not responsible for establishing the tax rate.
Example of District 10001 (Bellevue) Tax Rate Breakdown
|Fund #||Fund Description||Levy|
|101||SCHOOL DISTRICT 1||1.098291|
|501||PAPIO NATURAL RESRCE||0.032550|
|801||METRO COMMUNITY COLL||0.074000|
|1003||ED SERVICE UNIT 3||0.013420|