Elsmere, Cherry County, Nebraska Property Taxes
Median Elsmere, NE effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Elsmere, NE home value: $240,611
Median annual Elsmere, NE tax bill: $1,949, $451 lower than the national median property tax bill of $2,400.
How are property taxes in Cherry calculated?
Property taxes in Elsmere, 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 Elsmere’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elsmere, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elsmere, Cherry County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$1,973
$1,831
Property Tax Rates Across Elsmere, Cherry County, Nebraska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budgets to provide essential services, dividing this figure by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Elsmere, located in Cherry County, Nebraska, the effective property tax rate offers a point of comparison with other cities in the state and the national landscape. Nebraska's median property tax rate is slightly below the national median, reflecting the state's approach to balancing service provision with taxpayer burden. Cherry County's tax rate reflects local priorities and financial needs, aligning closely with the state median. For homeowners in Elsmere, understanding how these rates compare can provide valuable insight into their property tax obligations. By examining these rates, residents can better anticipate their annual property tax bills and plan accordingly, ensuring they are well-prepared to meet their financial responsibilities.
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 Elsmere Tax Rate
0.82%
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 Elsmere, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69135 | 0.80% | 0.81% | 0.82% | 0.84% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Elsmere, Cherry County, Nebraska
When examining property taxes in Elsmere, 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 Cherry 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.
Assessment notices: In Cherry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Elsmere.
For example, the median home price in Elsmere is $240,611, with tax bills ranging significantly across the county. Zip code 69135 has the highest median home price at $240,611.
Property Tax Assessment Values Across Elsmere, Cherry County, Nebraska
Source: Ownwell
$38,361
$187,352
$336,343
Median Elsmere Market Value
$240,611
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 Elsmere, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69135 | $94,120 | $126,574 | $240,611 | $293,240 | $357,972 |
Source: Ownwell
Property Tax Bills Across Elsmere, Cherry County, Nebraska
Median Elsmere Tax Bill
$1,949
Median Cherry County Tax Bill
$1,288
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Elsmere, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69135 | $800 | $1,035 | $1,949 | $2,391 | $2,885 |
Source: Ownwell