Richardson County Property Taxes
The median property tax rate in Richardson County is 1.91%, which is significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Richardson County at $51,575, the typical annual property tax bill amounts to $905, which is notably lower than the national median of $2,690. Property taxes in Richardson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Richardson 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 Falls City or another part of Richardson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Richardson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$985
Ownwell’s Richardson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Richardson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Richardson 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 Richardson County, Nebraska
Property taxes in Richardson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Richardson County is 1.91%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Richardson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Richardson 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 Richardson County's effective property tax rate with other areas in Nebraska and the national median. For comparison, the city of Verdon has one of the higher property tax rates in Nebraska at 2.03%, while the city of Du Bois boasts one of the lowest at 1.16%. Analyzing how Richardson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Richardson County Tax Rate
1.91%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richardson County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dawson | 1.14% | 1.16% | 1.45% | 1.51% | 1.51% |
| Du Bois | 1.14% | 1.14% | 1.16% | 1.21% | 1.37% |
| Falls City | 1.45% | 1.92% | 1.92% | 1.92% | 1.92% |
| Humboldt | 1.14% | 1.16% | 1.88% | 1.88% | 1.88% |
| Rulo | 1.44% | 1.46% | 1.91% | 1.91% | 1.91% |
| Salem | 1.44% | 1.46% | 1.91% | 1.91% | 1.91% |
| Shubert | 1.16% | 1.47% | 1.56% | 1.56% | 1.56% |
| Stella | 1.14% | 1.16% | 1.54% | 1.54% | 1.54% |
| Verdon | 1.19% | 1.47% | 2.03% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Richardson County, Nebraska
In Richardson 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 Richardson 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 Richardson 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. Being aware of these valuation processes in Richardson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Du Bois has the highest median tax bill at $3,733, while Salem has the lowest at $427, highlighting the variability within the county.
Property Tax Assessment Values Across Richardson County, Nebraska
Source: Ownwell
$27,421
$160,494
$293,566
Average Richardson County Assessed Value
$51,575
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Richardson County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dawson | $5,992 | $19,297 | $51,284 | $156,811 | $394,691 |
| Du Bois | $42,091 | $107,620 | $293,566 | $414,338 | $441,467 |
| Falls City | $12,742 | $28,290 | $56,105 | $107,940 | $224,166 |
| Humboldt | $7,196 | $16,636 | $42,598 | $122,978 | $359,658 |
| Rulo | $4,118 | $15,225 | $42,975 | $125,188 | $328,344 |
| Salem | $3,359 | $6,004 | $27,421 | $130,261 | $328,942 |
| Shubert | $6,085 | $12,804 | $30,758 | $85,488 | $262,702 |
| Stella | $4,936 | $17,690 | $43,110 | $197,228 | $410,245 |
| Verdon | $8,010 | $16,438 | $48,444 | $162,494 | $357,217 |
Source: Ownwell
Property Tax Bills Across Richardson County, Nebraska
In Richardson County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is calculated based on recent sales of similar properties in the area. Several factors influence this assessed value, including the property's size, location, and condition. The local tax rate, set by various taxing authorities such as school districts and municipalities, is then applied to the assessed value. For homeowners, this means that higher market values or increased tax rates can lead to higher property tax bills. In Richardson County, the median home price is $51,575, leading to a wide range of tax bills. For example, the tax bill at the 25th percentile is $358, while at the 75th percentile, it jumps to $2,045. Comparatively, the national median property tax rate is 0.99%, making Richardson County's property tax landscape unique and impactful on its residents.
Average Richardson County Tax Bill
$905
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Richardson County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dawson | $83 | $280 | $660 | $1,936 | $4,710 |
| Du Bois | $487 | $1,233 | $3,733 | $4,940 | $5,976 |
| Falls City | $215 | $484 | $1,036 | $2,033 | $3,889 |
| Humboldt | $126 | $276 | $727 | $1,863 | $4,313 |
| Rulo | $78 | $241 | $720 | $2,068 | $5,272 |
| Salem | $57 | $108 | $427 | $1,995 | $4,658 |
| Shubert | $81 | $179 | $440 | $1,280 | $3,782 |
| Stella | $72 | $259 | $717 | $2,466 | $5,127 |
| Verdon | $156 | $319 | $875 | $2,684 | $6,467 |
Source: Ownwell