Bloomfield, Knox County, Nebraska Property Taxes
Median Bloomfield, NE effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bloomfield, NE home value: $81,390
Median annual Bloomfield, NE tax bill: $1,054, $1,346 lower than the national median property tax bill of $2,400.
How are property taxes in Knox County calculated?
Property taxes in Bloomfield, 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 Bloomfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bloomfield, Knox County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$1,221
$1,133
Property Tax Rates Across Bloomfield, Knox County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variability is primarily due to each county annually estimating its required budget to provide services and dividing 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.
Bloomfield in Knox County, NE, has an effective property tax rate that stands out when compared to other cities in Nebraska and the U.S. The median property tax rate in Nebraska is 1.50%, which is significantly higher than the national median of 1.02%. This places Nebraska among the states with higher property tax rates. Understanding these differences can help property owners in Bloomfield anticipate their tax obligations and explore potential savings through appeals or exemptions. These insights are crucial for homeowners looking to manage their expenses effectively and ensure they are not overpaying on their property taxes.
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 Bloomfield Tax Rate
1.50%
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 Knox County Tax Rate
1.28%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bloomfield, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68718 | 0.89% | 0.92% | 1.50% | 1.50% | 1.50% |
| 68760 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Bloomfield, Knox County, Nebraska
When examining property taxes in Bloomfield, 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 Knox County Assessor 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 Knox 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 Bloomfield. For example, the median home price in Bloomfield is $81,390, with tax bills ranging significantly across the county. Zip code 68718 has the highest median home price at $81,000.
Property Tax Assessment Values Across Bloomfield, Knox County, Nebraska
Source: Ownwell
$45,555
$180,993
$316,430
Median Bloomfield Market Value
$81,390
Median Knox County Market Value
$96,140
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bloomfield, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68718 | $20,621 | $41,795 | $81,000 | $217,150 | $591,752 |
| 68760 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Bloomfield, Knox County, Nebraska
Median Bloomfield Tax Bill
$1,054
Median Knox County Tax Bill
$1,362
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Bloomfield, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68718 | $104 | $477 | $1,053 | $2,322 | $5,479 |
| 68760 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell