Crofton, Knox County, Nebraska Property Taxes

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

Median Crofton, NE effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Crofton, NE home value: $154,635
Median annual Crofton, NE tax bill: $2,177, $223 lower than the national median property tax bill of $2,400.

How are property taxes in Knox County calculated?

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

Last Updated March 1, 2025

Crofton, Knox County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$1,979

$1,837

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

Property Tax Rates Across Crofton, Knox 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, this is the annual process in a nutshell. Crofton in Knox County, Nebraska, has an effective property tax rate that reflects these local calculations. Comparing Crofton's rate to other cities in Nebraska, we find that it aligns with the state's median tax rate of 1.28%, which is higher than the national median of 1.02%. This means that residents in Crofton may experience a higher tax bill compared to the national median, which stands at $2400. This comparison highlights the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across Crofton, Knox County, Nebraska

Source: Ownwell

1.13%

1.45%

1.77%

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 Crofton Tax Rate

1.28%

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 Crofton, Knox County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68730	1.07%	1.15%	1.28%	1.62%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Crofton, Knox County, Nebraska

When examining property taxes in Crofton, 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'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 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 Crofton. For example, the median home price in Crofton is $154,635, with tax bills ranging significantly across the county. Zip code 68730 has the highest median home price at $154,868.

Property Tax Assessment Values Across Crofton, Knox County, Nebraska

Source: Ownwell

$45,555

$180,993

$316,430

Median Crofton Market Value

$154,635

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 Crofton, Knox County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68730	$47,367	$92,535	$154,868	$266,316	$438,578

Source: Ownwell

Property Tax Bills Across Crofton, Knox County, Nebraska

In Crofton, located in Knox County, Nebraska, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as local government budgets and public service needs can influence the rate. In Crofton, the median property tax bill is $2,178, which is slightly below the national median of $2,400. Homeowners in Crofton may find their tax bills vary significantly, with the 25th percentile at $1,230 and the 75th percentile at $3,438, highlighting the impact of property value and local tax rates on individual bills. High property tax bills can pose a financial burden to homeowners, but Ownwell offers a solution by providing property tax appeal services. By leveraging their expertise, Ownwell helps homeowners identify potential savings and navigate the appeal process, potentially reducing their property tax bills and easing the financial load.

Property Tax Bills Across Crofton, Knox County, Nebraska

Source: Ownwell

$615

$2,081

$3,546

Median Crofton Tax Bill

$2,177

Median Knox County Tax Bill

$1,362

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Crofton, Knox County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68730	$530	$1,233	$2,178	$3,433	$5,629

Source: Ownwell