West Point, Cuming County, Nebraska Property Taxes
Median West Point, NE effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median West Point, NE home value: $156,392
Median annual West Point, NE tax bill: $1,863, $537 lower than the national median property tax bill of $2,400.
How are property taxes in Cuming County calculated?
Property taxes in West Point, 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 West Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in West Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Point, Cuming County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$1,986
$1,843
Property Tax Rates Across West Point, Cuming 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 services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 West Point, located in Cuming County, Nebraska, the effective property tax rate is a notable figure for homeowners. When compared to the national median property tax rate of 1.02%, West Point's rate stands out. Nebraska's median property tax rate is 1.27%, which is higher than the national median. This suggests that property owners in West Point may experience higher property tax bills compared to those in other parts of the country.
Understanding these rates is crucial for homeowners looking to manage their property tax expenses effectively. By comparing West Point’s effective property tax rate to other cities in Nebraska and the median property tax rates nationally, homeowners can better assess their financial obligations and explore potential avenues for 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 West Point Tax Rate
1.27%
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 Cuming County Tax Rate
1.19%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across West Point, Cuming County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68788 | 0.98% | 1.00% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across West Point, Cuming County, Nebraska
When examining property taxes in West Point, 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 Cuming 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 Cuming County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 West Point.
For example, the median home price in West Point is $156,392, with tax bills ranging significantly across the county. Zip code 68788 has the highest median home price at $156,392.
Property Tax Assessment Values Across West Point, Cuming County, Nebraska
Source: Ownwell
$105,270
$313,273
$521,275
Median West Point Market Value
$156,392
Median Cuming County Market Value
$148,485
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across West Point, Cuming County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68788 | $41,411 | $88,088 | $156,392 | $280,839 | $512,861 |
Source: Ownwell
Property Tax Bills Across West Point, Cuming County, Nebraska
Median West Point Tax Bill
$1,863
Median Cuming County Tax Bill
$1,766
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across West Point, Cuming County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68788 | $446 | $1,016 | $1,863 | $3,322 | $5,530 |
Source: Ownwell