Richland, Colfax County, Nebraska Property Taxes

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

Median Richland, NE effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Richland, NE home value: $190,670
Median annual Richland, NE tax bill: $2,768, $368 higher than the national median property tax bill of $2,400.

How are property taxes in Colfax calculated?

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

Last Updated March 1, 2025

Richland, Colfax County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.46%

Estimate Property Tax Bill

$2,784

$2,583

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

Property Tax Rates Across Richland, Colfax County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services. The county then divides this budget 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 these rates and budgets, this is the essence of the annual process.

In Richland, located in Colfax County, Nebraska, the effective property tax rate presents a unique perspective compared to other cities in the state and the national median. Nebraska's median property tax rate stands at 1.46%, which is notably higher than the national median of 1.02%. This rate reflects the state's approach to funding local services through property taxes. Richland shares this median rate, illustrating a consistent approach within the region. By understanding these rates, property owners can better anticipate their tax obligations and explore opportunities for appeals or exemptions. Engaging with property tax consultants can provide valuable insights and assistance in navigating these complexities, ensuring homeowners are not overburdened by their property tax bills.

Property Tax Rates Across Richland, Colfax County, Nebraska

Source: Ownwell

0.93%

1.40%

1.88%

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 Richland Tax Rate

1.46%

Median Effective Colfax County Tax Rate

1.78%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Richland, Colfax County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68601	1.11%	1.45%	1.46%	1.71%	1.71%

Source: Ownwell

Property Tax Assessment Values Across Richland, Colfax County, Nebraska

When examining property taxes in Richland, 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 Colfax 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. Assessment notices: In Colfax 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 Richland. For example, the median home price in Richland is $190,670, with tax bills ranging significantly across the county. Zip code 68601 has the highest median home price at $190,670.

Property Tax Assessment Values Across Richland, Colfax County, Nebraska

Source: Ownwell

$90,345

$314,365

$538,385

Median Richland Market Value

$190,670

Median Colfax County Market Value

$110,540

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Richland, Colfax County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68601	$22,414	$53,575	$190,670	$366,572	$552,361

Source: Ownwell

Property Tax Bills Across Richland, Colfax County, Nebraska

In Richland, Colfax County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is then multiplied by the local tax rate to determine the tax bill. The median home price in Richland is $190,670, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $856, while the 75th percentile reaches $5,256, highlighting the disparity in tax burdens across different properties. The highest median tax bill in the region is $2,768, which is above the national median of $2,400, indicating a relatively higher tax burden for some homeowners in the area.

Homeowners in Richland may find their property tax bills a significant financial burden. However, Ownwell can assist by providing property tax appeal and exemption services. By challenging the assessed value or identifying applicable exemptions, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only what is necessary and fair.

Property Tax Bills Across Richland, Colfax County, Nebraska

Source: Ownwell

$1,379

$3,160

$4,941

Median Richland Tax Bill

$2,768

Median Colfax County Tax Bill

$1,841

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Richland, Colfax County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68601	$220	$856	$2,768	$5,256	$8,309

Source: Ownwell