Valley County Property Taxes
The median property tax rate in Valley County is 1.81%, 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 Valley County at $94,595, the typical annual property tax bill reaches $1,656, which is below the national median of $2,690. Property taxes in Valley 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 Valley 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 Ord or another part of Valley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Valley County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$1,712
$1,589
Ownwell’s Valley County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Valley County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Valley 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 Valley County, Nebraska
Property taxes in Valley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Valley County is 1.81%, which is significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Valley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Valley 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 Arcadia has one of the higher property tax rates in Nebraska at 2.31%, while the city of Ericson boasts one of the lowest at 1.29%. Analyzing how Valley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Valley County Tax Rate
1.81%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcadia | 1.59% | 1.65% | 2.31% | 2.31% | 2.31% |
| Burwell | 1.13% | 1.29% | 1.30% | 1.45% | 1.46% |
| Comstock | 1.28% | 1.29% | 1.29% | 1.31% | 1.31% |
| Elyria | 1.28% | 1.29% | 1.38% | 1.81% | 1.81% |
| Ericson | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
| North Loup | 1.28% | 1.30% | 2.24% | 2.24% | 2.24% |
| Ord | 1.29% | 1.35% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Valley County, Nebraska
In Valley 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 Valley 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 Valley 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 Valley County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Valley County, Ericson has the highest median tax bill at $8,317, while North Loup has the lowest at $1,198.
Average Valley County Assessed Value
$94,595
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valley County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcadia | $22,575 | $38,328 | $80,095 | $208,258 | $466,295 |
| Burwell | $91,167 | $154,752 | $290,940 | $480,492 | $570,877 |
| Comstock | $122,786 | $195,245 | $385,490 | $527,132 | $670,372 |
| Elyria | $11,565 | $39,969 | $100,532 | $347,815 | $567,602 |
| Ericson | $645,535 | $645,535 | $645,535 | $645,535 | $645,535 |
| North Loup | $11,120 | $24,935 | $59,020 | $169,460 | $554,487 |
| Ord | $28,016 | $55,258 | $97,475 | $177,125 | $358,104 |
Source: Ownwell
Property Tax Bills Across Valley County, Nebraska
In Valley County, NE, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the tax rate, which varies by local jurisdictions, is applied to calculate the annual property tax bill. For homeowners in Valley County, the tax bill can vary widely. For example, the 25th percentile tax bill is around $828, while the 75th percentile tax bill can reach up to $3,256. At the 90th percentile, homeowners might see tax bills as high as $6,069. These figures show significant variability, reflecting differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, Valley County homeowners experience a range of tax obligations that can significantly impact their annual expenses. High property taxes, like the median tax bill of $8,317 in Ericson, can be a considerable financial burden, whereas lower tax bills, such as the $1,198 in North Loup, might be more manageable for residents.
Average Valley County Tax Bill
$1,656
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcadia | $464 | $827 | $1,711 | $3,817 | $7,601 |
| Burwell | $938 | $1,603 | $4,260 | $6,451 | $7,351 |
| Comstock | $1,619 | $2,543 | $4,499 | $6,846 | $7,800 |
| Elyria | $206 | $784 | $1,767 | $4,603 | $7,392 |
| Ericson | $8,317 | $8,317 | $8,317 | $8,317 | $8,317 |
| North Loup | $226 | $501 | $1,198 | $2,848 | $7,072 |
| Ord | $392 | $904 | $1,688 | $2,961 | $5,185 |
Source: Ownwell