Mason City, Buffalo County, Nebraska Property Taxes

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

Median Mason City, NE effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Mason City, NE home value: $49,270
Median annual Mason City, NE tax bill: $740, $1,660 lower than the national median property tax bill of $2,400.

How are property taxes in Buffalo calculated?

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

Last Updated March 1, 2025

Mason City, Buffalo County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$739

$686

Ownwell’s Mason City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mason City with just two data points. By entering your property's estimated assessed value, our calculator applies Mason City’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 Mason City, Buffalo County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county annually 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 Mason City's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. In Mason City, located in Buffalo County, the effective property tax rate is 1.50%, which is above the national median of 1.02%. This higher rate reflects the local government's budgetary needs and the value of taxable properties in the area. Compared to the national median property tax bill of $2,400, Mason City residents may experience a higher financial burden. Understanding these differences can help homeowners make informed decisions about property investments and potential tax appeals.

Property Tax Rates Across Mason City, Buffalo County, Nebraska

Source: Ownwell

1.22%

1.71%

2.20%

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 Mason City Tax Rate

1.50%

Median Effective Buffalo County Tax Rate

1.75%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mason City, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68855	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mason City, Buffalo County, Nebraska

When examining property taxes in Mason City, 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.

In Buffalo 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 Mason City. For example, the median home price in Mason City is $49,270, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mason City, Buffalo County, Nebraska

Source: Ownwell

$82,235

$159,220

$236,205

Median Mason City Market Value

$49,270

Median Buffalo County Market Value

$185,962

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mason City, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68855	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mason City, Buffalo County, Nebraska

In Mason City, located in Buffalo County, NE, property tax bills are determined based on the assessed value of a home, which reflects the market value. The median home price in Mason City is $49,270, and property tax bills are consistent across various percentiles, with the 25th, 75th, and 90th percentiles all at $740. This indicates a higher property tax rate in comparison to the national median property tax rate of 1.02%, as residents in Mason City face a median property tax bill significantly above the national median of $2,400. This can place a considerable financial burden on homeowners, particularly those with fixed or limited incomes.

Ownwell offers a valuable service to homeowners in Mason City by assisting them in appealing their property tax assessments and securing exemptions where applicable. By leveraging expert knowledge and experience, Ownwell can help homeowners potentially lower their property tax bills, providing much-needed financial relief and ensuring they are not overpaying based on their property's assessed value.

Property Tax Bills Across Mason City, Buffalo County, Nebraska

Source: Ownwell

$1,181

$2,743

$4,305

Median Mason City Tax Bill

$740

Median Buffalo County Tax Bill

$3,186

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Mason City, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68855	N/A	N/A	N/A	N/A	N/A

Source: Ownwell