Valentine, Cherry County, Nebraska Property Taxes
Median Valentine, NE effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Valentine, NE home value: $134,348
Median annual Valentine, NE tax bill: $1,219, $1,181 lower than the national median property tax bill of $2,400.
How are property taxes in Cherry County calculated?
Property taxes in Valentine, 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 Valentine’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valentine, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valentine, Cherry County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,169
$1,085
Ownwell’s Valentine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valentine with just two data points.
By entering your property's estimated assessed value, our calculator applies Valentine’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 Valentine, Cherry County, Nebraska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play a role in establishing tax rates and budgets, this is essentially the annual procedure.
Compare Valentine’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Valentine, located in Cherry County, has a median property tax rate of 0.87%, which aligns with the highest and lowest rates within the county. This rate is lower than the national median property tax rate of 1.02%. While Nebraska’s property tax rates can vary, Valentine’s rate is relatively moderate compared to the national average. Understanding these variations can help property owners make informed decisions about their property tax 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 Valentine Tax Rate
0.87%
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 Valentine, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69201 | 0.64% | 0.78% | 0.87% | 1.03% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Valentine, Cherry County, Nebraska
Property Tax Assessment Values Across Valentine, Cherry County, Nebraska
Source: Ownwell
$38,361
$187,352
$336,343
Median Valentine Market Value
$134,348
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 Valentine, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69201 | $30,601 | $73,751 | $134,348 | $206,968 | $321,589 |
Source: Ownwell
Property Tax Bills Across Valentine, Cherry County, Nebraska
In Valentine, 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. For homeowners in Valentine, the median tax bill is $1,219, which is significantly lower than the national median property tax bill of $2,400. Factors that influence the property tax bill include the home's market value and the local tax rate set by Cherry County. Homeowners in Valentine may find their tax bills vary, with the 25th percentile at $611 and the 75th percentile at $1,853, reflecting differences in property values and local tax rates.
Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities. This service ensures that homeowners in Valentine pay fair and accurate property taxes, potentially saving them money and providing peace of mind.
Median Valentine Tax Bill
$1,219
Median Cherry County Tax Bill
$1,288
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Valentine, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69201 | $272 | $611 | $1,219 | $1,853 | $2,825 |
Source: Ownwell