Elgin, Boone County, Nebraska Property Taxes

Name: Property Tax Bills Across Elgin, Boone County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Elgin, NE effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Elgin, NE home value: $611,340
Median annual Elgin, NE tax bill: $4,038, $1,638 higher than the national median property tax bill of $2,400.

How are property taxes in Boone calculated?

Property taxes in Elgin, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Elgin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elgin, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elgin, Boone County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$4,096

$3,801

Ownwell’s Elgin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elgin with just two data points. By entering your property's estimated assessed value, our calculator applies Elgin’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elgin, Boone County, Nebraska

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process. In Elgin, located in Boone County, Nebraska, the effective property tax rate is a key consideration for homeowners. By comparing Elgin’s rate to other cities in Nebraska and the national median, homeowners can better understand their tax obligations. Nebraska’s median property tax rate is lower than the national median, which can be an attractive factor for property owners. Understanding these differences can help property owners make informed decisions and potentially save money through property tax appeals and exemptions.

Property Tax Rates Across Elgin, Boone County, Nebraska

Source: Ownwell

0.80%

1.03%

1.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Elgin Tax Rate

0.67%

Median Effective Boone County Tax Rate

1.08%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elgin, Boone County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68636	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Elgin, Boone County, Nebraska

When examining property taxes in Elgin, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Boone County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Boone County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Elgin.

For example, the median home price in Elgin is $611,340, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Elgin, Boone County, Nebraska

Source: Ownwell

$99,032

$267,126

$435,220

Median Elgin Market Value

$611,340

Median Boone County Market Value

$170,105

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elgin, Boone County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68636	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Elgin, Boone County, Nebraska

In Elgin, Boone County, NE, property tax bills are determined based on the assessed value of a property, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Elgin face a median property tax bill that can vary significantly, with the 25th percentile at $3,413 and the 75th percentile reaching $5,288. The top 10% of property tax bills can soar up to $6,549. These figures highlight how property taxes can be a substantial financial burden for homeowners, particularly when compared to the national median property tax bill of $2,400. Factors influencing these bills include changes in property market values and local government budgets.

Ownwell can assist homeowners in Elgin by offering property tax appeal and exemption services. Our team of experts analyzes property assessments and identifies potential savings opportunities. By appealing inaccurate assessments, we help homeowners reduce their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Elgin, Boone County, Nebraska

Source: Ownwell

$1,116

$2,552

$3,987

Median Elgin Tax Bill

$4,038

Median Boone County Tax Bill

$1,754

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Elgin, Boone County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68636	N/A	N/A	N/A	N/A	N/A

Source: Ownwell