Knox County, Nebraska Property Taxes

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

Median Knox County effective property tax rate: 1.28%, significantly higher than the national median of 1.02%.
Median Knox County home value: $96,140
Median annual Knox County tax bill: $1,362, $1,038 lower than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

Property taxes in Knox 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 Bloomfield or another part of Knox County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Knox County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$1,231

$1,142

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

Property Tax Rates Across Knox County, Nebraska

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

Below, you can compare Knox County's effective property tax rate to other counties in Nebraska or the U.S. median property tax rate. Knox County has a median property tax rate of 1.28%, which is above the national median of 1.02%. This rate is influenced by the county's budgetary needs and the total assessed value of properties. In Nebraska, tax rates can vary, with Wausa having the highest median tax rate of 1.77% and Niobrara having the lowest at 1.13%. These variations highlight the differences in budgetary requirements and property values across different regions. Understanding these rates can help property owners make informed decisions about their property investments and potential tax liabilities.

Property Tax Rates Across Knox County, Nebraska

Source: Ownwell

1.13%

1.45%

1.77%

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 Knox County Taxx Rate

1.28%

Median Effective Nebraska Taxx Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Knox County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bloomfield	0.89%	0.92%	1.50%	1.50%	1.50%
Center	0.91%	1.14%	1.40%	1.65%	1.65%
Creighton	0.81%	1.19%	1.66%	1.66%	1.66%
Crofton	1.07%	1.15%	1.28%	1.62%	1.62%
Niobrara	0.94%	1.13%	1.13%	1.72%	1.72%
Oneill	N/A	N/A	N/A	N/A	N/A
Orchard	0.97%	1.08%	1.14%	1.19%	1.20%
Pittsburgh	N/A	N/A	N/A	N/A	N/A
Plainview	N/A	N/A	N/A	N/A	N/A
Verdel	N/A	N/A	N/A	N/A	N/A
Verdigre	1.05%	1.19%	1.23%	1.88%	1.88%
Wausa	1.02%	1.25%	1.77%	1.77%	1.77%
Winnetoon	0.96%	1.16%	1.20%	1.51%	1.51%

Source: Ownwell

Property Tax Assessment Values Across Knox County, Nebraska

When examining property taxes in Knox 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 Knox 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.

Assessment notices:

In Knox 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 Knox County.

For example, the median tax bill in Knox County is $2,400, with tax bills ranging significantly across the county. Orchard has the highest median home price at $316,430.

Property Tax Assessment Values Across Knox County, Nebraska

Source: Ownwell

$45,555

$180,993

$316,430

Median Knox County Market Value

$96,140

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Knox County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bloomfield	$20,638	$41,809	$81,390	$219,302	$591,621
Center	$6,558	$16,385	$45,555	$187,235	$392,641
Creighton	$15,392	$32,061	$68,258	$131,155	$388,993
Crofton	$47,496	$92,465	$154,635	$266,355	$438,633
Niobrara	$13,375	$46,692	$78,790	$150,658	$273,810
Oneill	N/A	N/A	N/A	N/A	N/A
Orchard	$128,360	$197,335	$316,430	$507,685	$813,082
Pittsburgh	N/A	N/A	N/A	N/A	N/A
Plainview	N/A	N/A	N/A	N/A	N/A
Verdel	N/A	N/A	N/A	N/A	N/A
Verdigre	$22,081	$46,380	$91,555	$236,580	$427,002
Wausa	$23,054	$46,350	$81,135	$193,770	$715,009
Winnetoon	$12,218	$27,960	$124,320	$346,038	$412,587

Source: Ownwell

Property Tax Bills Across Knox County, Nebraska

In Knox County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Knox County is $96,140, which is significantly lower than the national median. Homeowners in Knox County can expect a wide range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $594, while the 75th percentile tax bill is around $2,828. The 90th percentile tax bill can reach up to $5,372, indicating significant variability. Orchard, a city within the county, has the highest median tax bill of $3,546, while Center has the lowest at $615. These variations affect homeowners' financial planning, as higher tax bills can impact disposable income. Understanding these factors is crucial for homeowners to manage their expenses effectively.

Property Tax Bills Across Knox County, Nebraska

Source: Ownwell

$615

$2,081

$3,546

Median Knox County Tax Bill

$1,362

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Knox County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bloomfield	$104	$479	$1,054	$2,350	$5,472
Center	$98	$231	$615	$2,232	$4,271
Creighton	$95	$367	$969	$1,927	$4,829
Crofton	$531	$1,230	$2,177	$3,438	$5,629
Niobrara	$124	$509	$1,065	$1,794	$3,132
Oneill	N/A	N/A	N/A	N/A	N/A
Orchard	$1,314	$2,257	$3,546	$5,875	$8,673
Pittsburgh	N/A	N/A	N/A	N/A	N/A
Plainview	N/A	N/A	N/A	N/A	N/A
Verdel	N/A	N/A	N/A	N/A	N/A
Verdigre	$173	$678	$1,432	$2,942	$5,169
Wausa	$234	$669	$1,353	$2,721	$8,228
Winnetoon	$126	$422	$1,395	$3,652	$4,805

Source: Ownwell