Rock County Property Taxes
The median property tax rate in Rock County is 1.05%, which is slightly higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With the median home value in Rock County at $71,868, the typical annual property tax bill amounts to $970, noticeably below the national median of $2,690. Property taxes in Rock County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Rock County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Bassett or another part of Rock County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$755
$700
Ownwell’s Rock County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Rock County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Rock 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 Rock County, Nebraska
Property taxes in Rock County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rock County is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Rock County set these rates annually, and they can vary significantly between different areas within the county. Each year, Rock 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 Rock County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Stuart has one of the higher property tax rates in Nebraska at 1.75%, while the city of Long Pine boasts one of the lowest at 1.03%. Analyzing how Rock County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Rock County Tax Rate
1.05%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Rock County, Nebraska
In Rock 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 Rock 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 Rock 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. Rock County's median home price is $71,868, with tax bills varying significantly. Long Pine has the highest median tax bill at $2,519, while Stuart has the lowest at $131. Being aware of these valuation processes in Rock County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Rock County Assessed Value
$71,868
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rock County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bassett | $5,100 | $23,565 | $68,870 | $148,935 | $343,967 |
| Burwell | $45,280 | $73,681 | $124,722 | $225,781 | $419,218 |
| Long Pine | $75,947 | $156,215 | $241,000 | $509,685 | $1,017,591 |
| Newport | $4,890 | $12,698 | $41,665 | $168,732 | $320,330 |
| Rose | $228,295 | $228,295 | $228,295 | $228,295 | $228,295 |
| Stuart | $7,445 | $7,445 | $7,445 | $7,445 | $7,445 |
Source: Ownwell
Property Tax Bills Across Rock County, Nebraska
In Rock County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Rock County is $71,868. Homeowners in the 25th percentile can expect a tax bill around $324, while those in the 75th percentile might see bills closer to $2,032. The highest median tax bill in Rock County is $2,519 in Long Pine, whereas the lowest is $131 in Stuart. These variations illustrate how location within the county can significantly impact tax obligations. Compared to the national median property tax rate of 0.99%, Rock County homeowners experience a wide range of tax bills, affecting their annual financial planning and overall cost of homeownership.
Average Rock County Tax Bill
$970
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690