Shelby, Butler County, Nebraska Property Taxes

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

Median Shelby, NE effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Shelby, NE home value: $302,898
Median annual Shelby, NE tax bill: $3,315, $915 higher than the national median property tax bill of $2,400.

How are property taxes in Butler calculated?

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

Last Updated March 1, 2025

Shelby, Butler County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$3,302

$3,064

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

By entering your property's estimated assessed value, our calculator applies Shelby’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 Butler County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shelby, Butler County, Nebraska

Local government entities set tax rates, which can vary widely within a state. 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 votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Shelby, located in Polk County, Nebraska, presents a unique property tax landscape. The effective property tax rate here is higher than the national median of 1.02%, reflecting the county's approach to budgeting and service provision. When compared to other cities in Nebraska, Shelby's rate is aligned with the state's median tax rate, which stands at 1.09%. This rate is consistent across the state, as seen in Butler County, where the highest and lowest median tax rates are also 1.09%. Shelby's property tax rate is indicative of Nebraska's overall strategy to balance service needs with property values. By understanding these nuances, property owners can better navigate their tax obligations and potentially explore opportunities for appeals or exemptions.

Property Tax Rates Across Shelby, Butler County, Nebraska

Source: Ownwell

1.07%

1.28%

1.49%

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 Shelby Tax Rate

1.09%

Median Effective Butler County Tax Rate

1.49%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shelby, Butler County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68662	1.07%	1.09%	1.09%	1.09%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Shelby, Butler County, Nebraska

When examining property taxes in Shelby, 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 Butler 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 Butler 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 Shelby. For example, the median home price in Shelby is $302,898, with tax bills ranging significantly across the county. Zip code 68662 has the highest median home price at $302,898.

Property Tax Assessment Values Across Shelby, Butler County, Nebraska

Source: Ownwell

$42,318

$172,608

$302,898

Median Shelby Market Value

$302,898

Median Butler County Market Value

$140,672

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shelby, Butler County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68662	$115,136	$225,061	$302,898	$383,080	$504,511

Source: Ownwell

Property Tax Bills Across Shelby, Butler County, Nebraska

In Shelby, located in Butler County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Shelby is $302,898, and the property tax rate is applied to this assessed value to determine the annual tax bill. The tax bill can vary widely, with the 25th percentile at $2,424 and the 75th percentile reaching $4,193. For those at the 90th percentile, the tax bill can climb to $5,522. Homeowners in Shelby may find these tax bills significant, especially when compared to the national median property tax bill of $2,400. Ownwell steps in to assist homeowners by providing expert property tax appeal and exemption services, potentially lowering these burdensome costs. By analyzing the assessed value and comparing it to market conditions, Ownwell can help identify discrepancies and file appeals on behalf of homeowners, aiming to secure a more favorable tax outcome and ultimately reduce the financial strain of property taxes.

Property Tax Bills Across Shelby, Butler County, Nebraska

Source: Ownwell

$481

$1,898

$3,315

Median Shelby Tax Bill

$3,315

Median Butler County Tax Bill

$1,858

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Shelby, Butler County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68662	$1,191	$2,424	$3,315	$4,193	$5,522

Source: Ownwell