Cheyenne County Property Taxes
The median property tax rate in Cheyenne County is 2.32%, significantly higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $91,196, the typical annual property tax bill in Cheyenne County is $1,857, which is below the national median of $2,690. Property taxes in Cheyenne County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Cheyenne County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Sidney or another part of Cheyenne County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cheyenne County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$2,116
Ownwell’s Cheyenne County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cheyenne County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cheyenne County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cheyenne County, Nebraska
Property taxes in Cheyenne County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cheyenne County is 2.32%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Cheyenne County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cheyenne County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Sidney has one of the higher property tax rates in Nebraska at 2.32%, while the city of Lodgepole boasts one of the lowest at 1.44%. Analyzing how Cheyenne County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cheyenne County Tax Rate
2.32%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Cheyenne County, Nebraska
In Cheyenne County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cheyenne County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Cheyenne County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Sidney has the highest median tax bill at $2,076, while Gurley has the lowest at $987. Being aware of these valuation processes in Cheyenne County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cheyenne County Assessed Value
$91,196
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Bills Across Cheyenne County, Nebraska
In Cheyenne County, NE, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in the county is $91,196, and tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in Cheyenne County typically see a wide range in their tax bills, with the 25th percentile at $998 and the 75th percentile at $3,116. For those at the higher end, the 90th percentile tax bill reaches up to $4,909. Factors that influence the tax bill include the property's location, size, and any applicable exemptions or deductions. For instance, Sidney has the highest median tax bill at $2,076, while Gurley has the lowest at $987. These variations can significantly affect homeowners' financial planning, as property taxes are a substantial part of homeownership costs. Compared to the national median property tax rate of 0.99%, Cheyenne County's tax rates can be relatively high, impacting the overall affordability of owning a home in the region.
Average Cheyenne County Tax Bill
$1,857
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690