Oconto, Custer County, Nebraska Property Taxes

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

Median Oconto, NE effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Oconto, NE home value: $73,733
Median annual Oconto, NE tax bill: $1,173, $1,227 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

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

Last Updated March 1, 2025

Oconto, Custer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$1,010

$937

Ownwell’s Oconto Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oconto with just two data points. By entering your property's estimated assessed value, our calculator applies Oconto’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 Oconto, 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 Oconto’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 Oconto, 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 Oconto Tax Rate

1.37%

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 Oconto, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68860	1.06%	1.07%	1.37%	1.43%	1.43%

Source: Ownwell

Property Tax Assessment Values Across Oconto, Custer County, Nebraska

When examining property taxes in Oconto, 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 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 Oconto.

For example, the median home price in Oconto is $73,733, with tax bills ranging significantly across the county. The zip code 68860 has the highest median home price at $73,733.

Property Tax Assessment Values Across Oconto, Custer County, Nebraska

Source: Ownwell

$45,774

$230,230

$414,686

Median Oconto Market Value

$73,733

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 Oconto, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68860	$7,382	$25,968	$73,733	$272,467	$564,851

Source: Ownwell

Property Tax Bills Across Oconto, Custer County, Nebraska

Property tax bills in Oconto, Nebraska, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Oconto, the tax bills can vary significantly, with the 25th percentile at $366, while the 75th percentile reaches $3,227. This range indicates a substantial variance in property tax bills, influenced by factors such as property size, location, and market conditions. For homeowners, these taxes can represent a significant expense, affecting monthly budgets and long-term financial planning. With the national median property tax bill at $2,400, Oconto's tax bills can be both lower and higher, depending on the property. Ownwell offers a valuable service by helping homeowners appeal their property assessments, potentially lowering their tax bills. By analyzing market trends and property data, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share and easing the financial burden of property taxes.

Property Tax Bills Across Oconto, Custer County, Nebraska

Source: Ownwell

$764

$3,241

$5,717

Median Oconto Tax Bill

$1,173

Median Custer County Tax Bill

$1,435

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Oconto, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68860	$100	$366	$1,173	$3,227	$6,509

Source: Ownwell