Gibbon, Kearney County, Nebraska Property Taxes
Median Gibbon, NE effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Gibbon, NE home value: $205,720
Median annual Gibbon, NE tax bill: $2,549, $149 higher than the national median property tax bill of $2,400.
How are property taxes in Kearney calculated?
Property taxes in Gibbon, 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 Gibbon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gibbon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gibbon, Kearney County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.4%
Estimate Property Tax Bill
$2,880
$2,673
Property Tax Rates Across Gibbon, Kearney County, Nebraska
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 Gibbon Tax Rate
1.40%
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 Kearney County Tax Rate
1.71%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gibbon, Kearney County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68840 | 1.27% | 1.40% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Gibbon, Kearney County, Nebraska
When examining property taxes in Gibbon, 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 Kearney County Appraisal District 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 Kearney 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 Gibbon. For example, the median home price in Gibbon is $205,720, with tax bills ranging significantly across the county. 68840 has the highest median home price at $205,720.
Property Tax Assessment Values Across Gibbon, Kearney County, Nebraska
Source: Ownwell
$38,410
$248,758
$459,105
Median Gibbon Market Value
$205,720
Median Kearney County Market Value
$148,680
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gibbon, Kearney County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68840 | $33,342 | $83,060 | $205,720 | $276,675 | $380,820 |
Source: Ownwell
Property Tax Bills Across Gibbon, Kearney County, Nebraska
In Gibbon, located in Kearney County, Nebraska, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area stands at $205,720, influencing the calculation of property taxes. Homeowners in Gibbon can expect tax bills ranging significantly, with the 25th percentile at $1,103 and the 75th percentile reaching $3,857. Interestingly, the highest median tax bill recorded in the zip code 68840 is $2,549, which is slightly above the national median property tax bill of $2,400.
Factors such as local tax rates and assessed property values directly impact the tax bill, meaning that changes in these elements can lead to fluctuations in what homeowners owe annually. Ownwell can assist homeowners in Gibbon by identifying potential savings through property tax appeals and exemptions. By leveraging our expertise, homeowners can ensure they are not overpaying and can potentially reduce their tax burden, providing financial relief and peace of mind.
Median Gibbon Tax Bill
$2,549
Median Kearney County Tax Bill
$2,442
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Gibbon, Kearney County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68840 | $425 | $1,103 | $2,549 | $3,857 | $5,323 |
Source: Ownwell