Cherry County Property Taxes
The median property tax rate in Cherry County is 0.87%, which is lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Cherry County at $139,100, the typical annual property tax bill amounts to $1,288, significantly below the national median of $2,690. Property taxes in Cherry County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Cherry County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Valentine or another part of Cherry County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cherry County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,210
Ownwell’s Cherry County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cherry County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cherry 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 Cherry County, Nebraska
Property taxes in Cherry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cherry County is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Cherry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cherry 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 Cherry County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Nenzel has one of the higher property tax rates in Nebraska at 1.18%, while the city of Ashby boasts one of the lowest at 0.65%. Analyzing how Cherry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cherry County Tax Rate
0.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cherry County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashby | 0.50% | 0.63% | 0.65% | 0.65% | 0.67% |
| Brownlee | 0.80% | 0.81% | 0.82% | 0.82% | 0.82% |
| Cody | 0.97% | 0.97% | 0.97% | 1.14% | 1.22% |
| Crookston | 0.62% | 0.78% | 0.82% | 0.82% | 0.85% |
| Eli | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
| Ellsworth | 1.08% | 1.09% | 1.11% | 1.13% | 1.14% |
| Elsmere | 0.80% | 0.81% | 0.82% | 0.84% | 0.85% |
| Gordon | 0.77% | 0.85% | 0.91% | 1.17% | 1.23% |
| Hyannis | 0.57% | 0.61% | 0.65% | 0.67% | 0.68% |
| Johnstown | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
| Kilgore | 1.01% | 1.11% | 1.12% | 1.16% | 1.45% |
| Merriman | 0.77% | 0.93% | 1.17% | 1.39% | 2.92% |
| Mullen | 0.25% | 0.42% | 0.71% | 0.76% | 0.78% |
| Nenzel | 1.05% | 1.14% | 1.18% | 1.20% | 1.20% |
| Purdum | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| Sparks | 0.70% | 0.82% | 0.87% | 0.88% | 0.88% |
| Thedford | 0.75% | 0.78% | 0.81% | 0.83% | 0.85% |
| Valentine | 0.64% | 0.78% | 0.87% | 1.03% | 1.21% |
| Whitman | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| Wood Lake | 0.83% | 0.86% | 1.00% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Cherry County, Nebraska
In Cherry 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 Cherry 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 Cherry 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. The highest median tax bill in Cherry County is $5,427 in Whitman, while the lowest is $178 in Brownlee. Being aware of these valuation processes in Cherry County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cherry County Assessed Value
$139,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cherry County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashby | $59,048 | $288,697 | $336,343 | $486,256 | $617,616 |
| Brownlee | $15,983 | $18,120 | $21,681 | $30,016 | $35,017 |
| Cody | $13,548 | $49,095 | $79,176 | $146,900 | $310,137 |
| Crookston | $2,764 | $15,688 | $47,061 | $159,539 | $262,602 |
| Eli | $2,816 | $2,816 | $2,816 | $2,816 | $2,816 |
| Ellsworth | $144,331 | $179,232 | $237,401 | $295,570 | $330,471 |
| Elsmere | $94,120 | $126,574 | $240,611 | $293,240 | $357,972 |
| Gordon | $101,300 | $186,537 | $328,950 | $519,457 | $677,418 |
| Hyannis | $143,231 | $270,150 | $337,126 | $367,446 | $407,421 |
| Johnstown | $65,978 | $76,550 | $94,168 | $158,346 | $196,854 |
| Kilgore | $4,539 | $20,948 | $48,408 | $91,176 | $180,769 |
| Merriman | $2,857 | $10,906 | $38,361 | $139,715 | $389,060 |
| Mullen | $150,786 | $163,372 | $184,349 | $190,650 | $194,431 |
| Nenzel | $10,258 | $35,908 | $130,605 | $294,428 | $413,005 |
| Purdum | $252,008 | $252,008 | $252,008 | $252,008 | $252,008 |
| Sparks | $7,789 | $13,104 | $59,924 | $265,751 | $304,743 |
| Thedford | $44,025 | $85,368 | $185,798 | $373,640 | $557,119 |
| Valentine | $30,601 | $73,751 | $134,348 | $206,968 | $321,589 |
| Whitman | $640,334 | $640,334 | $640,334 | $640,334 | $640,334 |
| Wood Lake | $2,963 | $21,199 | $62,257 | $272,582 | $460,123 |
Source: Ownwell
Property Tax Bills Across Cherry County, Nebraska
In Cherry County, NE, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Cherry County experience varying tax bills, influenced by factors such as property location, size, and improvements. For instance, the median home price in Cherry County is $139,100. Tax bills in the 25th percentile are around $568, while those in the 75th percentile reach up to $2,246. The 90th percentile tax bills can be as high as $3,481. The property tax rate in Cherry County is compared against the national median property tax rate of 0.99%. Homeowners in this region may find their tax obligations significantly influenced by local rates and property values. For example, Whitman has the highest median tax bill at $5,427, while Brownlee has the lowest at $178. These variations highlight how local assessments and property characteristics directly impact the financial responsibilities of homeowners in Cherry County.
Average Cherry County Tax Bill
$1,288
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Cherry County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ashby | $414 | $1,875 | $2,185 | $2,709 | $3,624 |
| Brownlee | $128 | $147 | $178 | $247 | $289 |
| Cody | $128 | $487 | $838 | $1,696 | $3,542 |
| Crookston | $19 | $118 | $337 | $1,095 | $2,083 |
| Eli | $33 | $33 | $33 | $33 | $33 |
| Ellsworth | $1,626 | $1,991 | $2,599 | $3,207 | $3,572 |
| Elsmere | $800 | $1,035 | $1,949 | $2,391 | $2,885 |
| Gordon | $1,268 | $1,746 | $3,171 | $4,522 | $6,484 |
| Hyannis | $991 | $1,577 | $1,990 | $2,237 | $2,618 |
| Johnstown | $593 | $688 | $846 | $1,423 | $1,770 |
| Kilgore | $52 | $199 | $564 | $1,141 | $2,154 |
| Merriman | $46 | $136 | $536 | $1,737 | $4,182 |
| Mullen | $434 | $798 | $1,406 | $1,440 | $1,460 |
| Nenzel | $118 | $401 | $1,803 | $3,486 | $4,639 |
| Purdum | $1,975 | $1,975 | $1,975 | $1,975 | $1,975 |
| Sparks | $67 | $113 | $400 | $2,199 | $2,462 |
| Thedford | $294 | $679 | $1,617 | $2,824 | $4,393 |
| Valentine | $272 | $611 | $1,219 | $1,853 | $2,825 |
| Whitman | $5,427 | $5,427 | $5,427 | $5,427 | $5,427 |
| Wood Lake | $28 | $216 | $634 | $2,429 | $3,502 |
Source: Ownwell