Rockford, Nebraska Property Taxes
The median property tax rate in Rockford, NE is 1.20%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Rockford at $100,695, the typical annual property tax bill reaches $1,210, slightly below the national median of $2,690. Property taxes in Rockford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rockford'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 Rockford 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
Rockford, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,208
Ownwell’s Rockford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockford 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 Rockford, Nebraska
Property taxes in Rockford, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockford is 1.20%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Rockford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockford 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 Rockford's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68310 zip code has the highest median property tax rate of 1.20%, while the 68310 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with Rockford provides valuable insights into the varying tax landscape across Gage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockford Tax Rate
1.20%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockford, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68310 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Rockford, Nebraska
In Rockford, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local county 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 Rockford, 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 Rockford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,210 in the 68310 zip code, reflecting a consistent tax environment across the area.
Average Rockford Assessed Value
$100,695
Average Gage County Assessed Value
$108,335
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockford, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68310 | $100,695 | $100,695 | $100,695 | $100,695 | $100,695 |
Source: Ownwell
Property Tax Bills Across Rockford, Nebraska
In Rockford, Gage 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 and is typically a percentage of the market value. For example, if the median home price in Rockford is $100,695, the assessed value will be a fraction of this amount, depending on local assessment practices. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Rockford, the median property tax bill is $1,210, which is notably higher than the national median property tax rate of 0.99%. This higher tax bill can significantly impact homeowners, influencing their overall housing costs and budgeting. Factors such as property improvements, neighborhood developments, and changes in local government spending can also affect the assessed value and, consequently, the tax bill. Homeowners in Rockford should stay informed about these factors to better anticipate their property tax obligations.
Average Rockford Tax Bill
$1,210
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockford, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68310 | $1,210 | $1,210 | $1,210 | $1,210 | $1,210 |
Source: Ownwell