Litchfield, Custer County, Nebraska Property Taxes
Median Litchfield, 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 Litchfield, NE home value: $378,160. Median annual Litchfield, NE tax bill: $3,990, $1,590 higher than the national median property tax bill of $2,400.
How are property taxes in Custer calculated?
Property taxes in Litchfield, 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 Litchfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Litchfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Litchfield, Custer County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$4,803
$4,457
Property Tax Rates Across Litchfield, 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.
In Litchfield, located in Sherman County, Nebraska, the effective property tax rate is a key factor for homeowners. The median property tax rate in Nebraska is 1.73%, which is significantly higher than the national median of 1.02%. This means that homeowners in Litchfield, like those in other parts of Nebraska, might find themselves paying more in property taxes compared to the national average.
This higher rate can impact household budgets, making it essential for homeowners to explore potential tax appeals and exemptions to alleviate financial burdens. Understanding these nuances can help property owners in Litchfield make informed decisions about their property taxes and potentially reduce their tax liabilities.
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 Litchfield 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 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 Litchfield, Custer County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68852 | 1.16% | 1.19% | 1.27% | 1.28% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Litchfield, Custer County, Nebraska
When examining property taxes in Litchfield, 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.
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 Litchfield. For example, the median home price in Litchfield is $378,160, with tax bills ranging significantly across the county. ZIP code 68852 has the highest median home price at $378,160.
Property Tax Assessment Values Across Litchfield, Custer County, Nebraska
Source: Ownwell
$45,774
$230,230
$414,686
Median Litchfield Market Value
$378,160
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 Litchfield, Custer County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68852 | $99,413 | $168,677 | $378,160 | $651,146 | $833,927 |
Source: Ownwell
Property Tax Bills Across Litchfield, Custer County, Nebraska
Median Litchfield Tax Bill
$3,990
Median Custer County Tax Bill
$1,435
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Litchfield, Custer County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68852 | $1,284 | $2,087 | $3,990 | $8,118 | $10,648 |
Source: Ownwell