Omaha, Nebraska PROPERTY TAXES Explained
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- Опубліковано 5 вер 2024
- This week's video we explain Douglas and Sarpy County property taxes in the state of Nebraska. How are property taxes assessed and calculated in Omaha, Nebraska? How real estate taxes are prorated on the purchase agreement? When are property taxes paid and when are property taxes delinquent in the Omaha area? How does property tax proration work when you buy a home? How much do you need in escrow when buying a home in Omaha? Property taxes in Nebraska can be very confusing especially if you are moving to Omaha, Nebraska.
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Thanks for watching!
David Matney
Nebraska Realty
17117 Burt St
Omaha, NE 68118
davidmatney@nebraskarealty.com
402-490-6771
Are exemptions done the same, just like federal taxes your applying for an exemption for that year you apply in and will see it in affect for the arrear taxes
Brandon, great question. That is something I need to learn more about. Here is a link to more information on applying for an exemption. www.dcassessor.org/homestead-exemptions
@DavidMatney yeah I've read all the available info, doesn't say, but one would assume that the exemptions would work the same way, I'm going to Sarpy County Assessment office Monday to confirm, I'll come back here and let you know. The form 458 is due between Feb 1 and June 30 2024 and I'm assuming it's for the 2024 tax year (aka 2023 taxes/ Assessment)
@@BrandonFleck Thank you. I am looking forward to what you find out. I am sure I have more viewers who would like to know too. I appreciate you coming back to let us know. I will pin your comment. Thanks again!
@DavidMatney no problem. Our realtor and all the ones she asked at Nebraska Realty couldn't give us an answer, we are DV retired military so it was important to know, hopefully this info will help your realtors when dealing with disabled vet's.
@@BrandonFleck Thanks again!
Great tutorial!
Thanks for the kind words and for taking the time to comment.
I can’t thank you enough for this awesome video as I’m closing in February 2022.
So I am being told that I have to pay the 2021 property tax and the seller will not pay it. It doesn’t make any sense on why the buyer has to pay the taxes of a property that I’m yet to reside in. I was assuming that I am responsible for taxes from the closing date and the seller is responsible for the taxes till the closing date.
Given that the 2021 tax for that property is $7383, I feel disappointed that how and why in the world would I be paying for property that I did not reside .
Akash, I am glad you found the video helpful. How the property taxes are paid are very confusing especially for anyone moving to the Omaha area. Congratulations on your purchase and thanks for leaving a comment. I really appreciate it.
Wayyyyy too high! Need to be lessened! Its a big burden!
I agree! Thanks for the comment.
Crazy high. I feel like I'm paying for some state employees early retirement while I have to keep working into my 70s.
what happens if you pay the taxes for the whole year ....
Reinaldo, if the seller pays taxes for the whole year. The seller would get a credit back or money back at closing. If the owner has the home paid off and decides to pay the taxes for the whole year, there is no penalty nor any benefit. If the homeowner has a loan on the property. The lender typically pays the taxes out of the escrow account, to ensure the taxes get paid. I hope that answers your question. Thanks for the comment.
My Wife & I want to retire to Omaha in the next 10 years. If we need to fix the home up a little it's OK I am handy and have tools. How do we start planning?
Great question! I think it depends on your individual situation. I would consult a trusted financial planner. Thanks for the comment.
Do yourself a favor don't retire here in Nebraska I have lived here for 66 years and I'm moving to South Dakota lower taxes
@@vonsamson2209 I recently had a past client retire to South Dakota for the very same reason.
Bad idea unless you're wealthy.
Taxes are crazy high. I live in a nice 2 story in west omaha. Not fancy. Cost 145k in 97.
I now pay over 5k a year in taxes just for my house.not counting my cars. I give back to the state 1 month of my yearly take home pay for the property taxes on my house. I'm looking at property in Iowa or Missouri. I'm outta here.
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