Ravenna, Buffalo County, Nebraska Property Taxes

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

Median Ravenna, NE effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Ravenna, NE home value: $103,892
Median annual Ravenna, NE tax bill: $1,455, $945 lower than the national median property tax bill of $2,400.

How are property taxes in Buffalo calculated?

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

Last Updated March 1, 2025

Ravenna, Buffalo County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.53%

Estimate Property Tax Bill

$1,590

$1,475

Ownwell’s Ravenna Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ravenna with just two data points.

By entering your property's estimated assessed value, our calculator applies Ravenna’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Buffalo 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 Ravenna, Buffalo County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This is because 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. Votes and laws play a role in setting tax rates and budgets, but this is the annual process in a nutshell.

Below, you can compare Ravenna’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. The median property tax rate in Nebraska stands at 1.53%, notably higher than the national median rate of 1.02%. In Ravenna, situated in Buffalo County, the property tax rate mirrors the state’s median. This means homeowners in Ravenna face property tax bills that are generally higher than the national average. Understanding these differences can help property owners make informed decisions about their investments. If you are a property owner in Ravenna, it might be beneficial to explore potential savings through tax appeals or exemptions.

Property Tax Rates Across Ravenna, 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 Ravenna Tax Rate

1.53%

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 Ravenna, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68869	1.16%	1.18%	1.53%	1.53%	1.53%

Source: Ownwell

Property Tax Assessment Values Across Ravenna, Buffalo County, Nebraska

When examining property taxes in Ravenna, 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 Buffalo 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 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 Ravenna.

For example, the median home price in Ravenna is $103,892, with tax bills ranging significantly across the county. 68869 has the highest median home price at $103,892.

Property Tax Assessment Values Across Ravenna, Buffalo County, Nebraska

Source: Ownwell

$82,235

$159,220

$236,205

Median Ravenna Market Value

$103,892

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 Ravenna, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68869	$28,945	$60,058	$103,892	$198,669	$390,752

Source: Ownwell

Property Tax Bills Across Ravenna, Buffalo County, Nebraska

In Ravenna, located in Buffalo County, Nebraska, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual property tax bill. For a median home price of $103,892, homeowners in Ravenna might expect a tax bill around the median of $1,455. This figure is slightly above the national median property tax bill of $2,400, considering the lower home values in Ravenna. Factors influencing the tax bill include property size, location, and local government budgets. Homeowners might see variations in their tax bills, with the 25th percentile at $794 and the 90th percentile reaching $4,711. These variations can significantly impact household finances. Ownwell can assist homeowners by analyzing their property tax assessments for errors or overvaluations and filing appeals on their behalf. By doing so, Ownwell helps reduce tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Ravenna, Buffalo County, Nebraska

Source: Ownwell

$1,181

$2,743

$4,305

Median Ravenna Tax Bill

$1,455

Median Buffalo County Tax Bill

$3,186

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Ravenna, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68869	$319	$794	$1,455	$2,722	$4,711

Source: Ownwell