Sheridan County Property Taxes
The median property tax rate in Sheridan County is 1.78%, which is higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $70,524 in Sheridan County, the typical annual property tax bill is around $1,197, significantly lower than the national median of $2,690. Property taxes in Sheridan County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural lands. Understanding the specific property tax system in Sheridan County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Gordon or another part of Sheridan County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sheridan County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$1,255
Ownwell’s Sheridan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sheridan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sheridan 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 Sheridan County, Nebraska
Property taxes in Sheridan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sheridan County is 1.78%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Sheridan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sheridan 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. The following data compares Sheridan County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Gordon has one of the higher property tax rates in Nebraska at 1.91%, while the city of Ellsworth boasts one of the lowest at 0.89%. Analyzing how Sheridan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sheridan County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheridan County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alliance | 1.31% | 1.35% | 1.52% | 1.53% | 1.54% |
| Bingham | 0.89% | 0.90% | 0.91% | 0.91% | 0.91% |
| Chadron | 1.27% | 1.32% | 1.40% | 1.42% | 1.44% |
| Ellsworth | 0.88% | 0.88% | 0.89% | 1.32% | 1.41% |
| Gordon | 1.39% | 1.41% | 1.91% | 1.91% | 1.91% |
| Hay Springs | 1.32% | 1.40% | 1.78% | 1.87% | 1.87% |
| Lakeside | 1.23% | 1.33% | 1.35% | 1.41% | 1.52% |
| Rushville | 1.32% | 1.33% | 1.78% | 1.78% | 1.78% |
| Whiteclay | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan County, Nebraska
In Sheridan 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 Sheridan 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 Sheridan 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. In Sheridan County, Alliance has the highest median tax bill at $3,554, while Bingham has the lowest at $457. Being aware of these valuation processes in Sheridan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Sheridan County, Nebraska
Source: Ownwell
$47,372
$159,406
$271,440
Average Sheridan County Assessed Value
$70,524
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sheridan County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alliance | $97,219 | $169,013 | $271,440 | $328,702 | $531,667 |
| Bingham | $5,025 | $23,394 | $47,372 | $189,990 | $338,760 |
| Chadron | $59,265 | $109,973 | $178,771 | $311,336 | $372,273 |
| Ellsworth | $44,384 | $89,205 | $226,884 | $327,557 | $450,465 |
| Gordon | $22,636 | $41,218 | $67,668 | $115,010 | $220,949 |
| Hay Springs | $15,355 | $37,038 | $70,370 | $160,986 | $325,325 |
| Lakeside | $5,652 | $65,082 | $183,323 | $294,356 | $486,112 |
| Rushville | $15,003 | $37,525 | $62,574 | $112,860 | $229,713 |
| Whiteclay | $207,770 | $207,770 | $207,770 | $207,770 | $207,770 |
Source: Ownwell
Property Tax Bills Across Sheridan County, Nebraska
In Sheridan County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is periodically determined by the county assessor. Various factors, including property size, location, and improvements, influence the assessed value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Sheridan County, the median home price is $70,524. Property tax bills can vary widely, with the 25th percentile tax bill being around $639 and the 75th percentile reaching $2,297. At the higher end, the 90th percentile tax bill can be as much as $4,453. Comparatively, the national median property tax rate is 0.99%, making Sheridan County's property taxes relatively moderate. Homeowners in cities like Alliance face the highest median tax bill at $3,554, while those in Bingham enjoy the lowest at $457. These taxes fund essential public services, directly impacting the community's quality of life.
Average Sheridan County Tax Bill
$1,197
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheridan County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alliance | $1,170 | $2,378 | $3,554 | $4,982 | $8,159 |
| Bingham | $45 | $198 | $457 | $1,934 | $3,020 |
| Chadron | $1,074 | $1,518 | $2,411 | $3,743 | $5,130 |
| Ellsworth | $396 | $812 | $2,351 | $3,482 | $5,025 |
| Gordon | $294 | $685 | $1,162 | $1,986 | $3,266 |
| Hay Springs | $183 | $628 | $1,222 | $2,444 | $4,525 |
| Lakeside | $78 | $877 | $1,781 | $4,102 | $6,728 |
| Rushville | $188 | $612 | $1,041 | $1,670 | $3,227 |
| Whiteclay | $2,742 | $2,742 | $2,742 | $2,742 | $2,742 |
Source: Ownwell