Loup County Property Taxes
The median property tax rate in Loup County is 0.97%, which is slightly below the national median of 0.99% and significantly lower than the Nebraska state median of 1.75%. With a median home value of $136,618 in Loup County, the typical annual property tax bill is $1,474, far below the national median of $2,690. Property taxes in Loup County are calculated based on the assessed value, which usually falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Loup County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Taylor or another part of Loup County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Loup County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,325
Ownwell’s Loup County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Loup County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Loup 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 Loup County, Nebraska
Property taxes in Loup County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Loup County is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Loup County set these rates annually, and they can vary significantly between different areas within the county. Each year, Loup 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 Loup County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Taylor has one of the higher property tax rates in Nebraska at 1.64%, while the city of Anselmo boasts one of the lowest at 0.95%. Analyzing how Loup County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Loup County Tax Rate
0.97%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Loup County, Nebraska
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Loup County, Nebraska. 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 Loup 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 Loup 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. Cities like Bassett have the highest median tax bill at $4,124, while Taylor has the lowest at $914. Being aware of these valuation processes in Loup County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Loup County Assessed Value
$136,618
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Loup County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anselmo | $258,874 | $306,796 | $334,688 | $483,552 | $749,228 |
| Bassett | $295,992 | $338,055 | $428,905 | $609,610 | $638,380 |
| Burwell | $52,614 | $109,935 | $196,810 | $306,180 | $429,435 |
| Sargent | $68,160 | $136,300 | $210,750 | $250,640 | $302,128 |
| Taylor | $9,260 | $23,130 | $64,150 | $187,710 | $458,011 |
Source: Ownwell
Property Tax Bills Across Loup County, Nebraska
In Loup County, NE, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $136,618, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $594, while at the 75th percentile, it rises to approximately $2,658. For those at the 90th percentile, the tax bill can reach up to $4,302. These figures show how property taxes can significantly impact household budgets. Comparatively, the national median property tax rate is 0.99%, indicating that Loup County's tax rates might be aligned with or differ from national trends. The highest median tax bill in the county is $4,124 in Bassett, while the lowest is $914 in Taylor, demonstrating the variability within the region.
Average Loup County Tax Bill
$1,474
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690