Smithfield, Gosper County, Nebraska Property Taxes

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

Median Smithfield, NE effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Smithfield, NE home value: $131,225
Median annual Smithfield, NE tax bill: $1,670, $730 lower than the national median property tax bill of $2,400.

How are property taxes in Gosper County calculated?

Property taxes in Smithfield, NE 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 Smithfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smithfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Smithfield, Gosper County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$1,535

$1,425

Ownwell’s Smithfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithfield with just two data points. By entering your property's estimated assessed value, our calculator applies Smithfield’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 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 Gosper County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Smithfield, Gosper County, Nebraska

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential 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 these tax rates and budgets, this is the annual process in a nutshell.

In Smithfield, located in Gosper County, Nebraska, the effective property tax rate is 1.17%. This rate is notably higher than the national median property tax rate of 1.02%. Nebraska's property tax rate is consistent across different areas, with Smithfield reflecting the state's highest and lowest median tax rates. Compared to the national median property tax bill of $2400, property owners in Smithfield may find their tax responsibilities more demanding. Understanding these rates is crucial for property owners seeking to manage their expenses effectively. By comparing Smithfield’s property tax rate to other cities in Nebraska and the U.S. median, property owners can gain valuable insights into their tax obligations and explore potential savings through appeals and exemptions.

Property Tax Rates Across Smithfield, Gosper County, Nebraska

Source: Ownwell

1.07%

1.22%

1.37%

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 Smithfield Taxx Rate

1.17%

Median Effective Gosper County Taxx Rate

1.11%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Smithfield, Gosper County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68976	1.15%	1.17%	1.17%	1.60%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Smithfield, Gosper County, Nebraska

When examining property taxes in Smithfield, Nebraska, 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 Gosper County appraisal district 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 Gosper 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 Smithfield.

For example, the median home price in Smithfield is $131,225, with tax bills ranging significantly across the county. Zip code 68976 has the highest median home price at $131,225.

Property Tax Assessment Values Across Smithfield, Gosper County, Nebraska

Source: Ownwell

$67,985

$197,619

$327,252

Median Smithfield Market Value

$131,225

Median Gosper County Market Value

$179,048

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Smithfield, Gosper County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68976	$9,949	$44,755	$131,225	$297,935	$665,523

Source: Ownwell

Property Tax Bills Across Smithfield, Gosper County, Nebraska

In Smithfield, located in Gosper County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Smithfield, the tax bill can vary significantly, with the 25th percentile at $761 and the 75th percentile reaching $3,961. These figures suggest a wide range of property values and tax burdens across the area. The highest and lowest median tax bills in the region are both $1,670, indicating a level of consistency within specific zip codes. Homeowners in Smithfield may find their tax bills higher than the national median of $2,400, depending on their property's assessed value. Ownwell can assist homeowners by reviewing their assessments for accuracy and identifying potential exemptions or reductions, ultimately helping to lower their property tax bills and ease the financial burden.

Property Tax Bills Across Smithfield, Gosper County, Nebraska

Source: Ownwell

$889

$2,500

$4,111

Median Smithfield Tax Bill

$1,670

Median Gosper County Tax Bill

$2,112

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Smithfield, Gosper County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68976	$184	$761	$1,670	$3,961	$7,979

Source: Ownwell