Boone County, Nebraska Property Taxes

Name: Property Tax Bills Across Boone County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Boone County effective property tax rate: 1.08%, slightly higher than the national median of 1.02%.
Median Boone County home value: $170,105
Median annual Boone County tax bill: $1,754, $646 lower than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

Property taxes in Boone County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Albion or another part of Boone County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Boone County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$1,837

$1,705

Ownwell’s Boone County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boone County with just two data points. By entering your property's estimated assessed value, our calculator applies Boone County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Boone County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Boone County, Nebraska, the effective property tax rate is 1.08%, slightly above the national median of 1.02%. Comparatively, Cedar Rapids boasts the highest median tax rate in the state at 1.25%, while Primrose has the lowest at 0.80%. These figures highlight the diversity in property tax rates across Nebraska and underscore how local fiscal needs and property values influence taxation. Understanding these nuances can help property owners make informed decisions about appeals and exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Boone County, Nebraska

Source: Ownwell

0.80%

1.03%

1.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Boone County Taxx Rate

1.08%

Median Effective Nebraska Taxx Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Boone County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Albion	0.79%	0.80%	1.10%	1.10%	1.10%
Belgrade	N/A	N/A	N/A	N/A	N/A
Cedar Rapids	0.75%	0.76%	1.25%	1.25%	1.25%
Elgin	N/A	N/A	N/A	N/A	N/A
Fullerton	N/A	N/A	N/A	N/A	N/A
Newman Grove	0.81%	0.86%	0.91%	0.92%	0.93%
Petersburg	0.67%	0.79%	1.08%	1.08%	1.08%
Primrose	0.75%	0.75%	0.80%	1.21%	1.21%
Saint Edward	0.88%	0.90%	1.22%	1.22%	1.22%
Tilden	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Boone County, Nebraska

When examining property taxes in Boone County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Boone County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Boone County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Boone County. For example, the median tax bill in Boone County is $2,400, with tax bills ranging significantly across the county. Newman Grove has the highest median home price at $435,220.

Property Tax Assessment Values Across Boone County, Nebraska

Source: Ownwell

$99,032

$267,126

$435,220

Median Boone County Market Value

$170,105

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Boone County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Albion	$51,085	$111,585	$196,035	$390,260	$838,600
Belgrade	N/A	N/A	N/A	N/A	N/A
Cedar Rapids	$17,066	$39,902	$100,368	$270,376	$865,755
Elgin	N/A	N/A	N/A	N/A	N/A
Fullerton	N/A	N/A	N/A	N/A	N/A
Newman Grove	$190,290	$282,318	$435,220	$1,019,602	$1,305,820
Petersburg	$40,443	$90,462	$178,932	$564,770	$974,922
Primrose	$9,196	$31,401	$108,925	$642,260	$1,040,412
Saint Edward	$17,366	$42,911	$99,032	$208,482	$599,619
Tilden	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Boone County, Nebraska

In Boone County, NE, property tax bills are determined by assessing the market value of a property and applying the local tax rate to that value. The median home price in Boone County is $170,105, which serves as a baseline for calculating the tax bill. Homeowners in this region can expect a wide range of tax bills. For instance, the 25th percentile of tax bills is around $800, indicating lower tax burdens for some properties, while the 75th percentile reaches $3,582, reflecting higher property taxes for others. At the 90th percentile, tax bills can climb to $7,040, showcasing the variability based on property value and location. Notably, Newman Grove has the highest median tax bill in the county at $3,987, while Cedar Rapids has the lowest at $1,116. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Boone County exhibits significant diversity in tax burdens, influencing homeowners' financial planning and decisions.

Property Tax Bills Across Boone County, Nebraska

Source: Ownwell

$1,116

$2,552

$3,987

Median Boone County Tax Bill

$1,754

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Boone County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Albion	$468	$1,111	$2,004	$3,681	$6,707
Belgrade	N/A	N/A	N/A	N/A	N/A
Cedar Rapids	$139	$464	$1,116	$2,586	$6,511
Elgin	N/A	N/A	N/A	N/A	N/A
Fullerton	N/A	N/A	N/A	N/A	N/A
Newman Grove	$1,550	$2,618	$3,987	$9,217	$11,664
Petersburg	$393	$921	$1,855	$4,916	$7,402
Primrose	$110	$336	$1,128	$5,351	$8,178
Saint Edward	$191	$474	$1,160	$2,344	$5,509
Tilden	N/A	N/A	N/A	N/A	N/A

Source: Ownwell