Valparaiso, Butler County, Nebraska Property Taxes
Median Valparaiso, NE effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Valparaiso, NE home value: $240,365
Median annual Valparaiso, NE tax bill: $2,696, $296 higher than the national median property tax bill of $2,400.
How are property taxes in Butler calculated?
Property taxes in Valparaiso, 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 Valparaiso’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valparaiso, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valparaiso, Butler County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$2,668
$2,476
Property Tax Rates Across Valparaiso, Butler County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide essential services and divide that budget 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 these rates and budgets, this is the essence of the annual process.
Valparaiso in Butler County, Nebraska, has a property tax rate that reflects this process. The effective property tax rate here can be compared to other cities in Nebraska and the median property tax rates in the state and the U.S. Nebraska's median property tax rate is slightly above the national median, which is 1.02%. This means that property owners in Valparaiso may find their property tax bills to be higher than the national average of $2,400. Understanding these rates can help property owners better anticipate their tax obligations and seek appeal or exemption services if needed.
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 Valparaiso Tax Rate
1.11%
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 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 Valparaiso, Butler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68065 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Valparaiso, Butler County, Nebraska
When examining property taxes in Valparaiso, 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 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 Butler County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice containing 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 Valparaiso. For example, the median home price in Valparaiso is $240,365, with tax bills ranging significantly across the county. 68651 has the highest median home price at $240,365.
Property Tax Assessment Values Across Valparaiso, Butler County, Nebraska
Source: Ownwell
$42,318
$172,608
$302,898
Median Valparaiso Market Value
$240,365
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 Valparaiso, Butler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68065 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Valparaiso, Butler County, Nebraska
In Valparaiso, property tax bills are determined by applying the local property tax rate to the assessed value of a home. The assessed value is a percentage of the property's market value, which can fluctuate based on market conditions and improvements made to the property. In Butler County, where Valparaiso is located, homeowners experience a wide range of property tax bills. The 25th percentile tax bill is $2,299, while the 75th percentile reaches $5,640. For those at the 90th percentile, the tax bill can be as high as $6,635. Compared to the national median property tax bill of $2,400, this can represent a significant financial burden for many homeowners.
Ownwell offers a solution by providing property tax appeal and exemption services designed to help homeowners reduce their tax bills. By analyzing market data and identifying inaccuracies in property assessments, Ownwell can assist homeowners in Valparaiso in potentially lowering their property tax obligations, ensuring they pay only their fair share.
Median Valparaiso Tax Bill
$2,696
Median Butler County Tax Bill
$1,858
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Valparaiso, Butler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68065 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell