Schuyler, Colfax County, Nebraska Property Taxes
Median Schuyler, NE effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Schuyler, NE home value: $111,032
Median annual Schuyler, NE tax bill: $1,902, $498 lower than the national median property tax bill of $2,400.
How are property taxes in Colfax calculated?
Property taxes in Schuyler, 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 Schuyler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schuyler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Schuyler, Colfax County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$1,976
$1,834
Property Tax Rates Across Schuyler, Colfax County, Nebraska
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Schuyler, located in Colfax County, Nebraska, the effective property tax rate is 1.78%. This rate is significantly higher than the national median property tax rate of 1.02%. Despite this, Schuyler's property tax rate aligns with the median rate for Nebraska, reflecting the state's higher-than-average property tax rates. When comparing Schuyler's rate to other cities within Nebraska, it remains consistent, indicating a uniform approach to property taxation within the region. This consistency can be attributed to the county's budgeting needs and the total value of taxable properties. Understanding these rates helps property owners anticipate their tax responsibilities and explore potential savings through property tax appeals or exemptions.
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 Schuyler Tax Rate
1.78%
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 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 Schuyler, Colfax County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68661 | 1.45% | 1.47% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Schuyler, Colfax County, Nebraska
When examining property taxes in Schuyler, 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.
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 Schuyler. For example, the median home price in Schuyler is $111,032, with tax bills ranging significantly across the county. Zip code 68661 has the highest median home price at $111,032.
Property Tax Assessment Values Across Schuyler, Colfax County, Nebraska
Source: Ownwell
$90,345
$314,365
$538,385
Median Schuyler Market Value
$111,032
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 Schuyler, Colfax County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68661 | $25,658 | $63,406 | $111,032 | $166,431 | $290,920 |
Source: Ownwell
Property Tax Bills Across Schuyler, Colfax County, Nebraska
Median Schuyler Tax Bill
$1,902
Median Colfax County Tax Bill
$1,841
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Schuyler, Colfax County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68661 | $378 | $1,050 | $1,902 | $2,800 | $4,570 |
Source: Ownwell