Rockville, Nebraska Property Taxes
The median property tax rate in Rockville, NE is 1.37%, which is significantly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Rockville at $76,820, the typical annual property tax bill amounts to $1,190, which is below the national median of $2,690. Property taxes in Rockville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Rockville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rockville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rockville, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,052
Ownwell’s Rockville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rockville, Nebraska
Property taxes in Rockville, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockville is 1.37%, which is significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Rockville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Rockville's effective property tax rate to other areas in Sherman County and the national median. For comparison, the zip code 68871 has the highest median property tax rate of 1.37%, while it also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Rockville provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockville Tax Rate
1.37%
Average Sherman County Tax Rate
1.30%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68871 | 1.11% | 1.11% | 1.37% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Rockville, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rockville, Sherman County, Nebraska. The market value is the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value 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. In Rockville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Rockville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Rockville are both $1,190, found in zip code 68871.
Average Rockville Assessed Value
$76,820
Average Sherman County Assessed Value
$99,345
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68871 | $10,960 | $34,230 | $76,820 | $300,772 | $616,665 |
Source: Ownwell
Property Tax Bills Across Rockville, Nebraska
In Rockville, Sherman County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Rockville, the median home price stands at $76,820. Property tax bills can vary significantly, with the 25th percentile paying around $452, while those in the 75th percentile face bills as high as $3,778. At the 90th percentile, tax bills can reach up to $6,787. These variations are influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Rockville's rates highlight the localized nature of property tax assessments. For homeowners, understanding how these factors interact can help in planning and managing annual expenses effectively.
Average Rockville Tax Bill
$1,190
Average Sherman County Tax Bill
$1,395
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockville, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68871 | $143 | $452 | $1,190 | $3,778 | $6,787 |
Source: Ownwell