Orchard, Knox County, Nebraska Property Taxes

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

Median ORCHARD, NE effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ORCHARD, NE home value: $316,430
Median annual ORCHARD, NE tax bill: $3,546, $1,146 higher than the national median property tax bill of $2,400.

How are property taxes in Knox calculated?

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

Last Updated March 1, 2025

Orchard, Knox County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$3,607

$3,347

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

Property Tax Rates Across Orchard, Knox County, Nebraska

Local government entities set tax rates, which can vary widely within Nebraska. Annually, 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 Orchard’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Orchard in Knox County has a median property tax rate of 1.14%, which is higher than the national median of 1.02%. This means that the property tax burden in Orchard is relatively higher compared to the national average. However, when comparing within the state, Orchard's rate is consistent with the highest and lowest median tax rates in Nebraska, both of which are also 1.14%. This suggests a uniformity in property tax rates within the state, with Orchard aligning closely with Nebraska's property tax norms.

Property Tax Rates Across Orchard, 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 Orchard Taxx Rate

1.14%

Median Effective Knox County Taxx Rate

1.28%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Orchard, Knox County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68764	0.97%	1.08%	1.14%	1.19%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Orchard, Knox County, Nebraska

When examining property taxes in Orchard, 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 Knox County Assessor's Office 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 May. 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 Orchard. For example, the median home price in Orchard is $316,430, with tax bills ranging significantly across the county. 68764 has the highest median home price at $316,430.

Property Tax Assessment Values Across Orchard, Knox County, Nebraska

Source: Ownwell

$45,555

$180,993

$316,430

Median Orchard Market Value

$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 Orchard, Knox County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68764	$128,360	$197,335	$316,430	$507,685	$813,082

Source: Ownwell

Property Tax Bills Across Orchard, Knox County, Nebraska

In Orchard, located in Knox County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Orchard is $316,430, and homeowners can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is $2,257, while those in the 75th percentile pay around $5,875. Some homeowners even face tax bills as high as $8,673 at the 90th percentile. Compared to the national median property tax bill of $2,400, Orchard's homeowners may find themselves paying significantly more. This is where Ownwell can make a difference. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax obligations, ensuring they're not overpaying. Our team of professionals works diligently to identify opportunities for savings, providing peace of mind and financial relief to homeowners in Orchard.

Property Tax Bills Across Orchard, Knox County, Nebraska

Source: Ownwell

$615

$2,081

$3,546

Median Orchard Tax Bill

$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 Orchard, Knox County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68764	$1,314	$2,257	$3,546	$5,875	$8,673

Source: Ownwell