Whitman, Cherry County, Nebraska Property Taxes
Median WHITMAN, NE effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median WHITMAN, NE home value: $640,334. Median annual WHITMAN, NE tax bill: $5,427, $3,027 higher than the national median property tax bill of $2,400.
How are property taxes in Cherry calculated?
Property taxes in WHITMAN, 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 WHITMAN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WHITMAN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Whitman, Cherry County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$3,134
$2,908
Property Tax Rates Across Whitman, Cherry County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variation stems from each county's annual budget estimation process. Each county determines its required budget for services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Whitman, located in Cherry County, Nebraska, property owners face a unique tax landscape. The effective property tax rate here is distinct compared to other cities in Nebraska. When compared to the national median property tax rate of 1.02%, Whitman's rate offers a different perspective on property taxation.
Understanding how Whitman’s property tax rate compares to the state and national medians can help property owners make informed decisions. By examining these figures, property owners can better navigate their financial responsibilities and explore potential opportunities for tax savings.
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 Whitman Tax Rate
0.45%
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
0.64%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Whitman, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Whitman, Cherry County, Nebraska
When examining property taxes in Whitman, 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.
In Cherry County, assessment notices are sent 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 Whitman. For example, the median home price in Whitman is $640,334, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Whitman, Cherry County, Nebraska
Source: Ownwell
$38,642
$209,671
$380,699
Median Whitman Market Value
$696,439
Median Cherry County Market Value
$158,726
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Whitman, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Whitman, Cherry County, Nebraska
In Whitman, located in Cherry County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $640,334. Property taxes are significant here, with the 25th, 75th, and 90th percentile tax bills all at $5,427, considerably higher than the national median property tax bill of $2,400. This indicates that Whitman's property tax rate is above the national median rate of 1.02%.
Various factors influence the tax bill, including the property's assessed value and local tax rates. For homeowners, this can mean a substantial annual expense, impacting overall affordability and financial planning.
Ownwell offers expert property tax consulting services that can help homeowners in Whitman save on their tax bills. By providing professional assistance in appealing assessments and securing exemptions, Ownwell aims to reduce the financial burden on homeowners, ensuring they pay only their fair share of property taxes.
Median Whitman Tax Bill
$3,156
Median Cherry County Tax Bill
$946
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Whitman, Cherry County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69366 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell