Elm Creek, Buffalo County, Nebraska Property Taxes

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

Median ELM CREEK, NE effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ELM CREEK, NE home value: $145,970
Median annual ELM CREEK, NE tax bill: $2,550, $150 higher than the national median property tax bill of $2,400.

How are property taxes in Buffalo County calculated?

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

Last Updated March 1, 2025

Elm Creek, Buffalo County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$2,725

$2,529

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

Property Tax Rates Across Elm Creek, Buffalo County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Elm Creek in Buffalo County, Nebraska, offers an interesting case study. Its effective property tax rate stands at 1.94%, which is notably higher than the national median property tax rate of 1.02%. This higher rate is reflective of the county's budgetary needs and the overall value of taxable property.

Comparing Elm Creek's property tax rate to the national average highlights the diversity in property tax rates across the U.S. While Elm Creek's rate is higher than the national median, it aligns with the state's median rate, indicating a consistency within Nebraska. Understanding these variations can be crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Elm Creek, Buffalo County, Nebraska

Source: Ownwell

0.98%

1.39%

1.80%

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 Elm Creek Tax Rate

1.58%

Median Effective Buffalo County Tax Rate

1.31%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elm Creek, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68836	1.17%	1.20%	1.58%	1.58%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Elm Creek, Buffalo County, Nebraska

When examining property taxes in Elm Creek, 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 Buffalo 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.

Assessment notices: Buffalo County sends assessment notices in the spring each year, typically reaching your mailbox by the middle of March. 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 Elm Creek. For example, the median home price in Elm Creek is $145,970, with tax bills ranging significantly across the county. Zip code 68836 has the highest median home price at $145,970.

Property Tax Assessment Values Across Elm Creek, Buffalo County, Nebraska

Source: Ownwell

$101,215

$210,868

$320,520

Median Elm Creek Market Value

$172,472

Median Buffalo County Market Value

$215,958

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elm Creek, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68836	$54,140	$108,189	$172,472	$260,365	$425,273

Source: Ownwell

Property Tax Bills Across Elm Creek, Buffalo County, Nebraska

In Elm Creek, located in Buffalo County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Elm Creek is $145,970, and homeowners typically face a property tax bill that varies significantly. At the 25th percentile, the tax bill is approximately $1,497, while at the 75th percentile, it rises to $4,055. For those at the 90th percentile, the bill can reach as high as $6,079. These figures highlight the variability in tax bills, influenced by factors such as property value and local tax rates. With a median property tax rate that can be compared to the national median of 1.02%, homeowners in Elm Creek may find themselves paying more or less than the national average of $2,400. Ownwell offers valuable assistance in navigating these complexities by providing property tax appeal and exemption services, potentially helping homeowners in Elm Creek reduce their tax burdens and achieve significant savings.

Property Tax Bills Across Elm Creek, Buffalo County, Nebraska

Source: Ownwell

$999

$2,376

$3,753

Median Elm Creek Tax Bill

$2,573

Median Buffalo County Tax Bill

$2,882

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Elm Creek, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68836	$723	$1,564	$2,573	$3,750	$5,711

Source: Ownwell