Eli, Cherry County, Nebraska Property Taxes
Median ELI, NE effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ELI, NE home value: $2,816
Median annual ELI, NE tax bill: $33, $2,367 lower than the national median property tax bill of $2,400.
How are property taxes in Cherry County calculated?
Property taxes in ELI, 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 ELI’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELI, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eli, Cherry County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.17%
Estimate Property Tax Bill
$33
$31
Property Tax Rates Across Eli, Cherry County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its required budget to provide essential 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.
In ELI, located in Cherry County, Nebraska, the effective property tax rate is a key consideration for property owners. Nebraska's median property tax rate stands at 1.17%, which is higher than the national median of 1.02%. This means that property owners in ELI might face higher tax bills compared to the national average. Understanding these differences is crucial for property owners considering tax appeals or exemptions. By comparing ELI’s effective property tax rate to other cities in Nebraska and the median rates in the state and the U.S., property owners can better assess their property tax obligations and explore potential savings through appeals or exemptions.
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 Eli Tax Rate
1.17%
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 Cherry County Tax Rate
0.87%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eli, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69201 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Eli, Cherry County, Nebraska
When examining property taxes in ELI, 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 Cherry 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 Cherry 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 ELI. For example, the median home price in ELI is $2,816, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Eli, Cherry County, Nebraska
Source: Ownwell
$38,361
$187,352
$336,343
Median Eli Market Value
$2,816
Median Cherry County Market Value
$139,100
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eli, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69201 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Eli, Cherry County, Nebraska
In the city of Eli in Cherry County, NE, property tax bills are determined based on the assessed value of a property, which is a percentage of the property's market value. The median home price in Eli is significantly lower than the national average, which influences property tax bills. Homeowners in Eli face a median property tax bill that is considerably below the national median of $2,400. This lower tax bill can be attributed to the relatively low property values in the area. However, even with lower bills, it's important for homeowners to ensure they are not over-assessed, which can lead to higher-than-necessary taxes.
Ownwell can assist homeowners in Eli by reviewing their property assessments to identify potential discrepancies. Our team of experts works to appeal and reduce property tax bills, ensuring homeowners pay only their fair share. By leveraging local market data and understanding the nuances of property assessments in Eli, Ownwell helps homeowners achieve potential savings, providing peace of mind and financial relief.
Median Eli Tax Bill
$33
Median Cherry County Tax Bill
$1,288
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Eli, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69201 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell