Broken Bow, Custer County, Nebraska Property Taxes

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

Median Broken Bow, NE effective property tax rate: 1.84%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Broken Bow, NE home value: $109,509
Median annual Broken Bow, NE tax bill: $1,796, $604 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

Property taxes in Broken Bow, 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 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 March 1, 2025

Broken Bow, Custer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.84%

Estimate Property Tax Bill

$2,015

$1,870

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

Property Tax Rates Across Broken Bow, Custer 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.

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. Broken Bow, located in Custer County, has an effective property tax rate that stands out compared to the national median. Nebraska's median property tax rate is considerably higher than the national average of 1.02%. This places a significant burden on property owners in Broken Bow, as they face one of the highest property tax rates in the state. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By being proactive, property owners in Broken Bow can potentially reduce their tax burden and ensure they are not overpaying compared to other regions.

Property Tax Rates Across Broken Bow, Custer County, Nebraska

Source: Ownwell

0.90%

1.37%

1.84%

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

1.84%

Median Effective Custer County Tax Rate

1.38%

Median Effective Nebraska Tax Rate

1.75%

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	1.21%	1.25%	1.84%	1.84%	1.84%

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'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 Custer 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 Broken Bow. For example, the median home price in Broken Bow is $109,509, with tax bills ranging significantly across the county. Zip code 68822 has the highest median home price at $109,509.

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

Source: Ownwell

$45,774

$230,230

$414,686

Median Broken Bow Market Value

$109,509

Median Custer County Market Value

$99,711

Median Nebraska Market Value

$182,439

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	$36,693	$64,676	$109,509	$182,408	$313,232

Source: Ownwell

Property Tax Bills Across Broken Bow, Custer County, Nebraska

In Broken Bow, located in Custer County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, and local tax authorities set the rate based on budgetary needs. Various factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners in Broken Bow, the median property tax bill is $1,796, which is below the national median of $2,400. However, some residents may see bills as high as $4,507, depending on their property's assessed value and applicable exemptions. Homeowners can benefit from Ownwell's expertise in appealing assessed values and securing exemptions, potentially reducing their tax liabilities. By analyzing property valuations and identifying discrepancies, Ownwell helps ensure that homeowners in Broken Bow pay only their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Broken Bow, Custer County, Nebraska

Source: Ownwell

$764

$3,241

$5,717

Median Broken Bow Tax Bill

$1,796

Median Custer County Tax Bill

$1,435

Median Nebraska Tax Bill

$3,071

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	$549	$1,028	$1,796	$2,908	$4,507

Source: Ownwell