Kearney, Kearney County, Nebraska Property Taxes

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

Median Kearney, NE effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Kearney, NE home value: $227,610
Median annual Kearney, NE tax bill: $3,363, $963 higher than the national median property tax bill of $2,400.

How are property taxes in Kearney County calculated?

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

Last Updated March 1, 2025

Kearney, Kearney County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$3,437

$3,189

Ownwell’s Kearney Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kearney with just two data points.

By entering your property's estimated assessed value, our calculator applies Kearney’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 Kearney County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kearney, Kearney County, Nebraska

Local government entities set tax rates, which can vary widely within a state. 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 Kearney’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Kearney, located in Buffalo County, has a median property tax rate of 1.51%, which is significantly higher than the national median of 1.02%. Within Kearney, the highest median tax rate is found in the 68845 zip code at 1.52%, while the lowest is in the 68847 zip code at 1.29%. This variation highlights how tax rates can differ even within a single city. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Kearney, Kearney County, Nebraska

Source: Ownwell

1.07%

1.45%

1.83%

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 Tax Rate

1.51%

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 Kearney, Kearney County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68845	1.51%	1.52%	1.52%	1.52%	1.52%
68847	1.27%	1.29%	1.29%	1.29%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Kearney, Kearney County, Nebraska

When examining property taxes in Kearney, 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.

Assessment notices: In Kearney 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 Kearney. For example, the median home price in Kearney is $227,610, with tax bills ranging significantly across the county. Zip code 68845 has the highest median home price at $241,988.

Property Tax Assessment Values Across Kearney, Kearney County, Nebraska

Source: Ownwell

$38,410

$248,758

$459,105

Median Kearney Market Value

$227,610

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 Kearney, Kearney County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68845	$111,476	$164,682	$241,988	$330,350	$531,142
68847	$96,535	$128,880	$221,930	$343,285	$411,408

Source: Ownwell

Property Tax Bills Across Kearney, Kearney County, Nebraska

In Kearney, NE, property tax bills are determined by the assessed value of a home, which is a percentage of its market value, multiplied by the local tax rate. The median home price in Kearney is $227,610, and homeowners can expect a property tax bill that varies significantly, ranging from the 25th percentile at $2,117 to the 90th percentile at $7,028. The highest median tax bill in the area is $3,786, while the lowest is $2,915, depending on the zip code. Compared to the national median property tax rate of 1.02%, Kearney's property tax bills reflect a varied landscape that can significantly impact homeowners' finances. For homeowners seeking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners in Kearney potentially lower their tax bills, providing valuable savings and ensuring they only pay their fair share.

Property Tax Bills Across Kearney, Kearney County, Nebraska

Source: Ownwell

$463

$2,906

$5,349

Median Kearney Tax Bill

$3,363

Median Kearney County Tax Bill

$2,442

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Kearney, Kearney County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68845	$1,543	$2,484	$3,786	$5,180	$8,273
68847	$1,108	$1,551	$2,915	$4,547	$5,950

Source: Ownwell