North Platte, Lincoln County, Nebraska Property Taxes

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

Median North Platte, NE effective property tax rate: 1.93%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median North Platte, NE home value: $116,580
Median annual North Platte, NE tax bill: $2,075, $325 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

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

Last Updated March 1, 2025

North Platte, Lincoln County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.93%

Estimate Property Tax Bill

$2,250

$2,088

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

Property Tax Rates Across North Platte, Lincoln County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation arises because 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. North Platte in Lincoln County, Nebraska, is a prime example of this process at work. The effective property tax rate here stands at 1.93%, which is notably higher than the national median of 1.02%. This means property owners in North Platte face a higher tax burden compared to many other parts of the country. When compared to other cities in Nebraska, North Platte's rate is consistent across different areas within the city, reflecting the county's approach to budgeting and taxation. Understanding these dynamics can help property owners navigate their tax responsibilities more effectively.

Property Tax Rates Across North Platte, Lincoln County, Nebraska

Source: Ownwell

1.07%

1.53%

1.98%

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 North Platte Tax Rate

1.93%

Median Effective Lincoln County Tax Rate

1.93%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across North Platte, Lincoln County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69101	1.45%	1.62%	1.93%	1.93%	1.93%

Source: Ownwell

Property Tax Assessment Values Across North Platte, Lincoln County, Nebraska

When examining property taxes in North Platte, 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 Lincoln 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 Lincoln 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 North Platte.

For example, the median home price in North Platte is $116,580, with tax bills ranging significantly across the county. Zip code 69101 has the highest median home price at $116,580.

Property Tax Assessment Values Across North Platte, Lincoln County, Nebraska

Source: Ownwell

$76,140

$235,848

$395,555

Median North Platte Market Value

$116,580

Median Lincoln County Market Value

$120,701

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across North Platte, Lincoln County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69101	$31,077	$70,866	$116,580	$185,558	$274,808

Source: Ownwell

Property Tax Bills Across North Platte, Lincoln County, Nebraska

In North Platte, located in Lincoln County, Nebraska, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in North Platte is $116,580. The tax bill can vary significantly, with the 25th percentile at $1,126 and the 75th percentile reaching $3,232. The highest median tax bill in the area is $2,075, which is below the national median property tax bill of $2,400. This indicates that while some homeowners may experience lower tax burdens, others might face higher bills depending on their property’s assessed value. Homeowners in North Platte can potentially save on their property tax bills by appealing their assessment with the help of Ownwell. By leveraging their expertise in property tax appeals and exemptions, Ownwell can assist homeowners in ensuring their property is fairly assessed, potentially reducing their tax liability and providing significant savings.

Property Tax Bills Across North Platte, Lincoln County, Nebraska

Source: Ownwell

$1,317

$2,808

$4,298

Median North Platte Tax Bill

$2,075

Median Lincoln County Tax Bill

$2,112

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across North Platte, Lincoln County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69101	$204	$1,126	$2,075	$3,232	$4,577

Source: Ownwell