Albion, Greeley County, Nebraska Property Taxes

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

Median Albion, NE effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Albion, NE home value: $944,740
Median annual Albion, NE tax bill: $7,943, $5,543 higher than the national median property tax bill of $2,400.

How are property taxes in Greeley County calculated?

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

Last Updated March 1, 2025

Albion, Greeley County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$7,936

$7,364

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

Property Tax Rates Across Albion, Greeley County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Albion, located in Greeley County, Nebraska, the effective property tax rate is a key factor for property owners to consider. Compared to the national median property tax rate of 1.02%, Nebraska’s median tax rate is lower at 0.84%. This means property owners in Albion may benefit from a more favorable tax environment compared to many other regions across the country. However, property tax rates can still vary between different cities and counties within Nebraska, impacting the overall tax burden. Understanding these nuances is crucial for homeowners and potential buyers. By being informed, property owners can make strategic decisions about appealing their property taxes or seeking exemptions, ultimately reducing their financial obligations.

Property Tax Rates Across Albion, Greeley County, Nebraska

Source: Ownwell

1.34%

1.80%

2.27%

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 Albion Tax Rate

0.84%

Median Effective Greeley County Tax Rate

1.34%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Albion, Greeley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68620	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Albion, Greeley County, Nebraska

When examining property taxes in Albion, 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 Greeley 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 Greeley 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 Albion. For example, the median home price in Albion is $944,740, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Albion, Greeley County, Nebraska

Source: Ownwell

$68,462

$84,972

$101,482

Median Albion Market Value

$944,740

Median Greeley County Market Value

$86,605

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Albion, Greeley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68620	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Albion, Greeley County, Nebraska

In Albion, located in Boone County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as changes in market conditions and local government budgets can influence these rates, impacting homeowners' tax liabilities. With a median home price of $944,740, homeowners in Albion face significant property tax bills, which can reach up to $7,943 for those at the 75th and 90th percentiles, notably higher than the national median tax bill of $2,400. This can place a financial burden on property owners, making it crucial to ensure their tax assessments are accurate. Ownwell can assist homeowners by reviewing their property assessments and identifying potential savings through appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell helps ensure homeowners are not overpaying, potentially reducing their tax bills and offering peace of mind.

Property Tax Bills Across Albion, Greeley County, Nebraska

Source: Ownwell

$1,219

$1,425

$1,630

Median Albion Tax Bill

$7,943

Median Greeley County Tax Bill

$1,502

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Albion, Greeley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68620	N/A	N/A	N/A	N/A	N/A

Source: Ownwell