Gordon, Cherry County, Nebraska Property Taxes
Median Gordon, NE effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Gordon, NE home value: $328,950
Median annual Gordon, NE tax bill: $3,171, $771 higher than the national median property tax bill of $2,400.
How are property taxes in Cherry calculated?
Property taxes in Gordon, 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 Gordon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gordon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gordon, Cherry County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$2,993
$2,778
Property Tax Rates Across Gordon, Cherry County, Nebraska
Local government entities establish tax rates, which can significantly differ within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this process is the essence of how property taxes are calculated annually.
In Gordon, located in Cherry County, Nebraska, the effective property tax rate is a key factor for homeowners to consider. Nebraska's median property tax rate stands at 0.91%, which is slightly below the national median of 1.02%. This makes Gordon an attractive location for property owners seeking lower tax burdens. Additionally, the highest and lowest median tax rates in the state are both found in the same region, highlighting the uniformity in property tax rates within this area.
Comparing Gordon’s property tax rate to other cities in Nebraska and the national median provides valuable insight for potential homeowners. Understanding these differences can assist in making informed decisions about property investments and financial planning.
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 Gordon Tax Rate
0.91%
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 Gordon, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | 0.77% | 0.85% | 0.91% | 1.17% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Cherry County, Nebraska
When examining property taxes in Gordon, 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 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 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 Gordon. For example, the median home price in Gordon is $328,950, with tax bills ranging significantly across the county. 69343 has the highest median home price at $328,950.
Property Tax Assessment Values Across Gordon, Cherry County, Nebraska
Source: Ownwell
$38,361
$187,352
$336,343
Median Gordon Market Value
$328,950
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 Gordon, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | $101,300 | $186,537 | $328,950 | $519,457 | $677,418 |
Source: Ownwell
Property Tax Bills Across Gordon, Cherry County, Nebraska
In Gordon, located in Cherry County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is typically a percentage of the market value, and the tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Gordon experience varying tax bills, with the 25th percentile at $1,746 and the 75th percentile reaching $4,522. The median tax bill in the area is notably higher than the national median, reflecting the region's specific property values and tax rates.
Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners' budgets, making it essential to explore potential savings. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in potentially lowering their tax bills, ensuring they pay only their fair share.
Median Gordon Tax Bill
$3,171
Median Cherry County Tax Bill
$1,288
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Gordon, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | $1,268 | $1,746 | $3,171 | $4,522 | $6,484 |
Source: Ownwell