Riverdale, Buffalo County, Nebraska Property Taxes
Median Riverdale, NE effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Riverdale, NE home value: $185,275
Median annual Riverdale, NE tax bill: $2,855, $455 higher than the national median property tax bill of $2,400.
How are property taxes in Buffalo calculated?
Property taxes in Riverdale, 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 Riverdale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riverdale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Riverdale, Buffalo County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$2,464
$2,287
Property Tax Rates Across Riverdale, Buffalo County, Nebraska
Local government entities in Riverdale, located in county 31019 in Nebraska, determine property tax rates, which can vary significantly within the state. Each year, counties estimate their necessary budget to provide essential services and divide this by the total value of all taxable properties in their area. This calculation results in the property tax rate. While there are votes and laws in place to set these rates and budgets, this is essentially the annual process.
Riverdale's effective property tax rate can be compared to other cities in Nebraska and the median property tax rates both in the state and across the U.S. Nebraska’s median property tax rate stands at 1.33%, which is above the national median of 1.02%. This indicates that property owners in Riverdale might experience a higher tax burden compared to the national average. Understanding these rates can help property owners make informed decisions and potentially save on their property tax bills.
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 Riverdale Tax Rate
1.33%
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 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 Riverdale, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68870 | 1.26% | 1.27% | 1.33% | 1.64% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Riverdale, Buffalo County, Nebraska
When examining property taxes in Riverdale, 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 appraisal district 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 the season. 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 Riverdale. For example, the median home price in Riverdale is $185,275, with tax bills ranging significantly across the county. Zip code 68870 has the highest median home price at $185,275.
Property Tax Assessment Values Across Riverdale, Buffalo County, Nebraska
Source: Ownwell
$82,235
$159,220
$236,205
Median Riverdale Market Value
$185,275
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 Riverdale, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68870 | $84,180 | $131,158 | $185,275 | $323,308 | $434,230 |
Source: Ownwell
Property Tax Bills Across Riverdale, Buffalo County, Nebraska
Median Riverdale Tax Bill
$2,855
Median Buffalo County Tax Bill
$3,186
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Riverdale, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68870 | $950 | $1,852 | $2,855 | $4,444 | $6,273 |
Source: Ownwell