Riverton, Franklin County, Nebraska Property Taxes
Median Riverton, NE effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Riverton, NE home value: $19,000
Median annual Riverton, NE tax bill: $362, $2,038 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Riverton, 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 Riverton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riverton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Riverton, Franklin County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$291
$270
Property Tax Rates Across Riverton, Franklin County, Nebraska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Riverton, located in Franklin County, Nebraska, the effective property tax rate is a reflection of this process. Nebraska's median property tax rate is notably higher than the national median of 1.02%, indicating a heavier tax burden for property owners in the state. Riverton's property tax rate aligns with the broader state trend, offering a glimpse into the local fiscal landscape. When compared to other cities within Nebraska and the national median, Riverton's rate underscores the importance of understanding local tax policies and their implications for property owners.
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 Riverton Tax Rate
1.33%
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 Franklin County Tax Rate
1.34%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Riverton, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68972 | 0.88% | 0.89% | 1.33% | 1.35% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Riverton, Franklin County, Nebraska
Property Tax Assessment Values Across Riverton, Franklin County, Nebraska
Source: Ownwell
$21,862
$197,464
$373,065
Median Riverton Market Value
$21,862
Median Franklin County Market Value
$69,155
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Riverton, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68972 | $1,626 | $7,218 | $21,862 | $283,969 | $540,298 |
Source: Ownwell
Property Tax Bills Across Riverton, Franklin County, Nebraska
Median Riverton Tax Bill
$274
Median Franklin County Tax Bill
$880
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Riverton, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68972 | $22 | $91 | $274 | $2,515 | $4,802 |
Source: Ownwell