Spencer, Boyd County, Nebraska Property Taxes

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

Median Spencer, NE effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Spencer, NE home value: $60,298
Median annual Spencer, NE tax bill: $860, $1,540 lower than the national median property tax bill of $2,400.

How are property taxes in Boyd County calculated?

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

Last Updated March 1, 2025

Spencer, Boyd County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.49%

Estimate Property Tax Bill

$898

$834

Ownwell’s Spencer Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spencer with just two data points. By entering your property's estimated assessed value, our calculator applies Spencer’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 Boyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spencer, Boyd County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Spencer’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Spencer, located in Boyd County, Nebraska, has a median property tax rate of 1.49%, which is notably higher than the national median of 1.02%. This rate reflects the local government's need to fund essential services. Spencer's rate is consistent across Boyd County, highlighting a uniform approach to tax assessments within the region. Compared to the national median property tax bill of $2,400, Spencer's property owners may experience higher tax bills due to this elevated rate. Understanding these nuances is crucial for property owners considering an appeal or seeking exemptions.

Property Tax Rates Across Spencer, Boyd County, Nebraska

Source: Ownwell

1.05%

1.29%

1.54%

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 Spencer Tax Rate

1.49%

Median Effective Boyd County Tax Rate

1.36%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spencer, Boyd County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68777	1.03%	1.04%	1.49%	1.49%	1.49%

Source: Ownwell

Property Tax Assessment Values Across Spencer, Boyd County, Nebraska

When examining property taxes in Spencer, NE, 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 Boyd County Assessor’s Office 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 Boyd 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 Spencer. For example, the median home price in Spencer is $60,298, with tax bills ranging significantly across the county. 68777 has the highest median home price at $60,298.

Property Tax Assessment Values Across Spencer, Boyd County, Nebraska

Source: Ownwell

$20,165

$75,868

$131,570

Median Spencer Market Value

$60,298

Median Boyd County Market Value

$47,040

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spencer, Boyd County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68777	$11,866	$28,048	$60,298	$149,908	$388,158

Source: Ownwell

Property Tax Bills Across Spencer, Boyd County, Nebraska

In Spencer, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. For homeowners in Spencer, the property tax bill can vary significantly, with the 25th percentile tax bill at $402 and the 75th percentile reaching $2,026. The highest median tax bill in Boyd County is $860. This range indicates that while some homeowners pay less than the national median property tax bill of $2,400, others may find their tax bills considerably higher. Factors influencing these variations include property size, location, and improvements. High property taxes can strain homeowners financially, making it essential to explore ways to reduce these costs. Ownwell can assist homeowners in Spencer by reviewing their property assessments for inaccuracies and filing appeals if necessary. By leveraging expert knowledge, Ownwell helps ensure homeowners pay only their fair share, potentially saving them hundreds on their property tax bills.

Property Tax Bills Across Spencer, Boyd County, Nebraska

Source: Ownwell

$300

$998

$1,695

Median Spencer Tax Bill

$860

Median Boyd County Tax Bill

$645

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Spencer, Boyd County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68777	$151	$402	$860	$2,026	$4,109

Source: Ownwell