Elsmere, Cherry County, Nebraska Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$1,973

$1,831

Ownwell’s Elsmere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elsmere with just two data points. By entering your property's estimated assessed value, our calculator applies Elsmere’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 Cherry. For those interested in more localized information, please scroll down to explore city-level trends!

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.

Property Tax Rates Across Elsmere, Cherry County, Nebraska

Source: Ownwell

0.65%

0.92%

1.18%

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%

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

In Elsmere, located in Cherry County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which can fluctuate based on the local real estate market. Factors such as property improvements, neighborhood changes, and market trends can influence this value, impacting the tax bill. For homeowners in Elsmere, the tax bill can vary significantly, with the 25th percentile at $1,035 and the 75th percentile reaching $2,391. Although the highest median tax bill in the area stands at $1,949, this is still below the national median property tax bill of $2,400, providing some relief to local homeowners. However, these taxes can still be a burden. Ownwell offers services to help homeowners in Elsmere potentially reduce their property tax bills by appealing assessed values and seeking exemptions. By leveraging local market data and expertise, Ownwell can guide homeowners through the complexities of property tax appeals, aiming to secure savings.

Property Tax Bills Across Elsmere, Cherry County, Nebraska

Source: Ownwell

$337

$1,754

$3,171

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