Kilgore, Cherry County, Nebraska Property Taxes

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

Median Kilgore, NE effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Kilgore, NE home value: $48,408
Median annual Kilgore, NE tax bill: $564, $1,836 lower than the national median property tax bill of $2,400.

How are property taxes in Cherry County calculated?

Property taxes in Kilgore, 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 Kilgore’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kilgore, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kilgore, Cherry County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$542

$503

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

Property Tax Rates Across Kilgore, Cherry County, Nebraska

Local government entities are responsible for setting property tax rates, which can significantly differ within a state. This variation is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is the essence of how it works annually. In Kilgore, located in Cherry County, Nebraska, the effective property tax rate reflects these calculations. When comparing Kilgore's rate to other cities in Nebraska, it's important to note how it aligns with both state and national medians. Nebraska's median property tax rate stands at 1.12%, slightly above the national median of 1.02%. This comparison highlights how Kilgore's property tax rate fits within the broader context of state and national figures, providing a clearer understanding of property tax obligations for residents.

Property Tax Rates Across Kilgore, 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 Kilgore Tax Rate

1.12%

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 Kilgore, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69216	1.01%	1.11%	1.12%	1.16%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Kilgore, Cherry County, Nebraska

When examining property taxes in Kilgore, 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 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 Kilgore. For example, the median home price in Kilgore is $48,408, with tax bills ranging significantly across the county. 69216 has the highest median home price at $48,408.

Property Tax Assessment Values Across Kilgore, Cherry County, Nebraska

Source: Ownwell

$38,361

$187,352

$336,343

Median Kilgore Market Value

$48,408

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 Kilgore, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69216	$4,539	$20,948	$48,408	$91,176	$180,769

Source: Ownwell

Property Tax Bills Across Kilgore, Cherry County, Nebraska

In Kilgore, located in Cherry County, Nebraska, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value typically reflects a percentage of the market value, which is influenced by factors such as property size, location, and improvements. With a median home price of $48,408, homeowners in Kilgore face varying tax bills. The 25th percentile tax bill is $199, while the 75th percentile reaches $1,141, and the 90th percentile climbs to $2,154. These figures indicate a wide range in tax burdens, influenced by property values and assessment practices. Compared to the national median property tax bill of $2,400, Kilgore homeowners generally experience lower tax bills, but the impact can still be significant for individual budgets. Ownwell offers valuable assistance by identifying potential errors in assessments and applying for exemptions, ultimately helping homeowners reduce their property tax bills. By leveraging expert knowledge and local insights, Ownwell ensures homeowners pay only their fair share.

Property Tax Bills Across Kilgore, Cherry County, Nebraska

Source: Ownwell

$337

$1,754

$3,171

Median Kilgore Tax Bill

$564

Median Cherry County Tax Bill

$1,288

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Kilgore, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69216	$52	$199	$564	$1,141	$2,154

Source: Ownwell