Red Willow County Property Taxes
The median property tax rate in Red Willow County is 1.75%, which aligns with the Nebraska state median but is significantly higher than the national median of 0.99%. With a median home value of $101,885, the typical annual property tax bill in Red Willow County is $1,615, considerably lower than the national median of $2,690. Property taxes here are based on the tax assessed value, often lower than the actual market value due to exemptions such as those for primary residences and agricultural properties. Understanding Red Willow County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether you reside in McCook or another part of Red Willow County, a thorough knowledge of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Red Willow County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$1,783
Ownwell’s Red Willow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Red Willow with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Red Willow 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 Red Willow County, Nebraska
Property taxes in Red Willow County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Red Willow County is 1.75%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Red Willow County set these rates annually, and they can vary significantly between different areas within the county. Each year, Red Willow 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. For comparison, the city of McCook has one of the higher property tax rates in the area at 1.75%, while the city of Wilsonville boasts one of the lowest at 1.09%. Analyzing how Red Willow County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Red Willow County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Willow County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bartley | 1.07% | 1.09% | 1.31% | 1.31% | 1.31% |
| Cambridge | 1.07% | 1.08% | 1.29% | 1.31% | 1.31% |
| Culbertson | 1.37% | 1.43% | 1.43% | 1.45% | 1.45% |
| Danbury | 1.08% | 1.09% | 1.55% | 1.55% | 1.55% |
| Indianola | 1.05% | 1.06% | 1.37% | 1.37% | 1.37% |
| Lebanon | 1.09% | 1.55% | 1.55% | 1.55% | 1.55% |
| Mccook | 1.10% | 1.44% | 1.75% | 1.75% | 1.75% |
| Mc Cook | 1.38% | 1.75% | 1.75% | 1.75% | 1.75% |
| Wilsonville | 0.96% | 1.08% | 1.09% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Red Willow County, Nebraska
In Red Willow County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Red Willow 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 Red Willow 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. For example, the highest median tax bill in the county is $4,724 in Culbertson, while the lowest is $217 in Lebanon. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Red Willow County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Red Willow County, Nebraska
Source: Ownwell
$14,033
$179,820
$345,607
Average Red Willow County Assessed Value
$101,885
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Red Willow County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bartley | $9,329 | $35,264 | $70,214 | $147,519 | $275,167 |
| Cambridge | $80,152 | $154,656 | $256,226 | $542,146 | $663,156 |
| Culbertson | $161,540 | $190,816 | $345,607 | $524,572 | $878,855 |
| Danbury | $2,756 | $11,059 | $27,632 | $101,164 | $273,170 |
| Indianola | $13,139 | $38,450 | $83,711 | $164,394 | $381,602 |
| Lebanon | $1,662 | $3,016 | $14,033 | $34,733 | $114,935 |
| Mccook | $3,547 | $8,310 | $17,826 | $72,449 | $273,009 |
| Mc Cook | $27,798 | $61,208 | $108,138 | $173,493 | $256,100 |
| Wilsonville | $41,034 | $73,696 | $336,368 | $401,150 | $481,713 |
Source: Ownwell
Property Tax Bills Across Red Willow County, Nebraska
In Red Willow County, NE, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the home. For example, a home with a median price of $101,885 will have its assessed value calculated accordingly. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Tax bills can vary significantly within the county. For instance, the 25th percentile tax bill is $805, while the 75th percentile tax bill is $2,781. At the higher end, the 90th percentile tax bill reaches $4,176. Comparatively, the highest median tax bill in the county is $4,724 in Culbertson, while the lowest is $217 in Lebanon. These variances impact homeowners differently, influencing their annual financial planning and overall cost of living.
Average Red Willow County Tax Bill
$1,615
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Willow County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bartley | $113 | $414 | $918 | $1,723 | $3,718 |
| Cambridge | $755 | $1,801 | $3,150 | $6,434 | $8,373 |
| Culbertson | $1,753 | $2,654 | $4,724 | $7,322 | $12,527 |
| Danbury | $29 | $125 | $390 | $1,308 | $3,196 |
| Indianola | $155 | $469 | $1,104 | $1,952 | $4,053 |
| Lebanon | $21 | $44 | $217 | $512 | $1,600 |
| Mccook | $62 | $144 | $312 | $1,005 | $3,945 |
| Mc Cook | $376 | $980 | $1,770 | $2,884 | $4,146 |
| Wilsonville | $451 | $804 | $3,640 | $4,369 | $5,202 |
Source: Ownwell