Valley, Douglas County, Nebraska Property Taxes

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

Median Valley, NE effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Valley, NE home value: $220,150. Median annual Valley, NE tax bill: $3,329, $929 higher than the national median property tax bill of $2,400.

How are property taxes in Douglas calculated?

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

Last Updated March 1, 2025

Valley, Douglas County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.41%

Estimate Property Tax Bill

$3,104

$2,881

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

Property Tax Rates Across Valley, Douglas County, Nebraska

Local government entities are responsible for setting tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Valley, located in Douglas County, the effective property tax rate reflects this calculation. When comparing Valley’s property tax rate to other cities in Nebraska, it’s important to note that Nebraska's median property tax rate is notably higher than the national median of 1.02%. This positions Nebraska as a state where property owners may face higher tax bills compared to the national average. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Valley, Douglas County, Nebraska

Source: Ownwell

1.41%

2.20%

2.99%

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 Valley Tax Rate

1.41%

Median Effective Douglas County Tax Rate

1.96%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Valley, Douglas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68064	1.12%	1.32%	1.41%	1.64%	1.78%

Source: Ownwell

Property Tax Assessment Values Across Valley, Douglas County, Nebraska

When examining property taxes in Valley, 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 Douglas 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 Douglas 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 Valley. For example, the median home price in Valley is $220,150, with tax bills ranging significantly across the county. Zip code 68064 has the highest median home price at $220,150.

Property Tax Assessment Values Across Valley, Douglas County, Nebraska

Source: Ownwell

$26,200

$379,695

$733,190

Median Valley Market Value

$220,150

Median Douglas County Market Value

$206,800

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Valley, Douglas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68064	$11,000	$131,150	$220,150	$611,200	$861,350

Source: Ownwell

Property Tax Bills Across Valley, Douglas County, Nebraska

In Valley, located in Douglas County, NE, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $220,150, homeowners in Valley might expect a tax bill that varies significantly. For instance, while the 25th percentile tax bill is $1,953, the 75th percentile reaches $8,092, and the 90th percentile can be as high as $11,818. This range reflects the varying property values and tax rates within the area. Compared to the national median property tax rate of 1.02% and median bill of $2,400, some homeowners in Valley experience higher tax burdens. Ownwell assists homeowners by identifying potential savings through appealing assessed values and securing applicable exemptions. By leveraging their expertise, homeowners can potentially lower their tax obligations and reduce financial strain, ensuring they only pay their fair share.

Property Tax Bills Across Valley, Douglas County, Nebraska

Source: Ownwell

$957

$6,880

$12,802

Median Valley Tax Bill

$3,329

Median Douglas County Tax Bill

$3,997

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Valley, Douglas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68064	$253	$1,953	$3,329	$8,092	$11,818

Source: Ownwell