Thedford, Cherry County, Nebraska Property Taxes

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

Median THEDFORD, NE effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median THEDFORD, NE home value: $185,798
Median annual THEDFORD, NE tax bill: $1,617, $783 lower than the national median property tax bill of $2,400.

How are property taxes in Cherry calculated?

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

Last Updated March 1, 2025

Thedford, Cherry County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$1,505

$1,397

Ownwell’s Thedford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thedford with just two data points. By entering your property's estimated assessed value, our calculator applies Thedford’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 Thedford, Cherry County, Nebraska

Local government entities determine property tax rates, which can vary significantly across Nebraska. Each county estimates its required budget to deliver services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Thedford, located in Cherry County, the effective property tax rate reflects this localized approach. Comparing Thedford's property tax rate with other cities in Nebraska, you'll find that Thedford's rate is consistent with the state's median rate of 0.81%, which is below the national median of 1.02%. This means property owners in Thedford may benefit from lower property tax bills compared to the national average. With the national median property tax bill standing at $2,400, Thedford offers a more affordable option for homeowners. This makes Thedford an attractive location for those seeking to minimize their property tax expenses while enjoying the services funded by these taxes.

Property Tax Rates Across Thedford, 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 Thedford Tax Rate

0.81%

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 Thedford, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69166	0.75%	0.78%	0.81%	0.83%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Thedford, Cherry County, Nebraska

When examining property taxes in Thedford, 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. Assessment notices: Cherry County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Thedford. For example, the median home price in Thedford is $185,798, with tax bills ranging significantly across the county. 69166 has the highest median home price at $185,798.

Property Tax Assessment Values Across Thedford, Cherry County, Nebraska

Source: Ownwell

$38,361

$187,352

$336,343

Median Thedford Market Value

$185,798

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 Thedford, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69166	$44,025	$85,368	$185,798	$373,640	$557,119

Source: Ownwell

Property Tax Bills Across Thedford, Cherry County, Nebraska

In Thedford, located in Cherry County, NE, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $185,798, homeowners in Thedford face property tax bills that can vary significantly. For example, while the 25th percentile tax bill is $679, those in the 75th percentile pay about $2,824, and the 90th percentile reaches $4,393. These figures highlight the variability in tax burdens, which can be influenced by factors such as property size, location, and improvements. Thedford's median property tax bill of $1,617 is lower than the national median of $2,400, offering some relief to local homeowners. Ownwell can assist homeowners by identifying potential savings through tax appeals and exemptions, ensuring that they are not overpaying on their property taxes and helping to manage their financial responsibilities effectively.

Property Tax Bills Across Thedford, Cherry County, Nebraska

Source: Ownwell

$337

$1,754

$3,171

Median Thedford Tax Bill

$1,617

Median Cherry County Tax Bill

$1,288

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Thedford, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69166	$294	$679	$1,617	$2,824	$4,393

Source: Ownwell