Broken Bow, Custer County, Nebraska Property Taxes

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Property Taxes in Broken Bow, Nebraska

Median Broken Bow, Nebraska effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Broken Bow, Nebraska home value: $134,008
Median annual Broken Bow, Nebraska tax bill: $1,629, $771 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

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

Last Updated April 13, 2026

Broken Bow, Custer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$1,809

$1,679

How Does the Broken Bow Property Tax Calculator Work?

Use this Broken Bow property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Broken Bow's median effective tax rate of 1.35% — based on actual property records in Custer County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Broken Bow's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Broken Bow: rates range from 1.35% in 68822 to 1.35% in 68822, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Broken Bow.

About Broken Bow Property Taxes

About Property Taxes in Broken Bow, Custer, Nebraska

Broken Bow’s median effective property tax rate of 1.35% is lower than the Nebraska state median of 1.39% and higher than the national median of 1.02%. This rate reflects the Custer County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Broken Bow. Homeowners in the 68822 ZIP code carry a median effective rate of 1.35%, while those in the same ZIP code also pay 1.35%. This spread shows how local levies can shape what homeowners owe, even when rates appear consistent across the area. Understanding where your property sits can still make a meaningful difference to your annual tax bill.

Broken Bow homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 30, 2026 deadline each year.

If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Broken Bow, Custer County, Nebraska

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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.

Below, you can compare Broken Bow's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Broken Bow, Custer County, Nebraska

Source: Ownwell

0.68%

1.16%

1.64%

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 Broken Bow Tax Rate

1.35%

Median Effective Custer County Tax Rate

1.17%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broken Bow, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68822	0.83%	0.95%	1.35%	1.37%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Broken Bow, Custer County, Nebraska

When examining property taxes in Broken Bow, 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 Custer 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 Custer County, assessment notices are sent in June each year. They'll typically reach your mailbox by the middle of June.

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 Broken Bow.

For example, the median home price in Broken Bow is $134,008, with tax bills ranging significantly across the county. ZIP code 68822 has the highest median home price at $134,008.

Property Tax Assessment Values Across Broken Bow, Custer County, Nebraska

Source: Ownwell

$47,561

$268,192

$488,823

Median Broken Bow Market Value

$134,008

Median Custer County Market Value

$120,038

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broken Bow, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68822	$45,024	$77,570	$134,008	$217,252	$370,957

Source: Ownwell

Property Tax Bills Across Broken Bow, Custer County, Nebraska

Property tax bills in Broken Bow are based on the assessed value of a home, not its market price. Local taxing authorities apply the tax rate to that assessed value to determine the annual bill, and the amount can vary depending on exemptions, local levies, and changes in assessment. With a median home price of $134,008, homeowners in the city may see different tax outcomes depending on how their property is classified and valued.

The typical property tax bill in Broken Bow is $1,629, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. Bills can still range widely, with the 25th percentile at $914 and the 75th percentile at $2,585. For homeowners, that means property taxes can be a meaningful part of housing costs, and even small changes in assessed value can affect what is owed each year.

Property Tax Bills Across Broken Bow, Custer County, Nebraska

Source: Ownwell

$588

$2,247

$3,906

Median Broken Bow Tax Bill

$1,629

Median Custer County Tax Bill

$1,325

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Broken Bow, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68822	$477	$914	$1,629	$2,585	$3,891

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 30

Links
Custer Tax Assessor
Website	custer.gworks.com

Frequently Asked Property Tax Questions in Broken Bow, Nebraska

How are property taxes calculated in Broken Bow, Nebraska?

Property taxes in Broken Bow, Nebraska are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Broken Bow, Nebraska?

To appeal your property taxes in Broken Bow, Nebraska, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Broken Bow, Nebraska?

Common property tax exemptions in Broken Bow, Nebraska include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Broken Bow, Nebraska?

Property tax deadlines in Broken Bow, Nebraska vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Broken Bow, Nebraska?

Ownwell provides professional property tax appeal services in Broken Bow, Nebraska. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.