Valparaiso, Lancaster County, Nebraska Property Taxes

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

Median Valparaiso, NE effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Valparaiso, NE home value: $381,200
Median annual Valparaiso, NE tax bill: $4,721, $2,321 higher than the national median property tax bill of $2,400.

How are property taxes in Lancaster calculated?

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

Last Updated March 1, 2025

Valparaiso, Lancaster County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$3,801

$3,528

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

By entering your property's estimated assessed value, our calculator applies Valparaiso’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 Lancaster.

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

Property Tax Rates Across Valparaiso, Lancaster County, Nebraska

Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This process determines the property tax rate. While votes and legislation play a role in establishing these rates and budgets, this is the core of the annual procedure.

In Valparaiso, located in county 31109 in Nebraska, the effective property tax rate can be compared to other cities within the state and the national median. Nebraska's median property tax rate is 1.21%, which is higher than the national median of 1.02%. This indicates that property owners in Valparaiso might experience a slightly higher tax burden compared to the national average. Understanding these differences is crucial for property owners looking to manage their expenses effectively. By considering these factors, property owners can better navigate the complexities of property taxes and make informed decisions.

Property Tax Rates Across Valparaiso, Lancaster County, Nebraska

Source: Ownwell

0.92%

1.20%

1.49%

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 Valparaiso Tax Rate

0.98%

Median Effective Lancaster County Tax Rate

1.38%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Valparaiso, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68065	0.98%	0.98%	0.98%	0.98%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Valparaiso, Lancaster County, Nebraska

When examining property taxes in Valparaiso, 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 Lancaster 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 Lancaster 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 Valparaiso.

For example, the median home price in Valparaiso is $381,200, with tax bills ranging significantly across the county. Zip code 68065 has the highest median home price at $381,200.

Property Tax Assessment Values Across Valparaiso, Lancaster County, Nebraska

Source: Ownwell

$164,200

$356,350

$548,500

Median Valparaiso Market Value

$387,900

Median Lancaster County Market Value

$245,100

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Valparaiso, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68065	$252,130	$319,925	$387,900	$438,225	$471,950

Source: Ownwell

Property Tax Bills Across Valparaiso, Lancaster County, Nebraska

In Valparaiso, Lancaster County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as location, size, and condition of the property. Homeowners in Valparaiso face a median property tax bill of $4,721, significantly higher than the national median of $2,400. This can be a substantial financial burden, especially when compared to the national median property tax rate of 1.02%. The tax bill can vary widely, with the 25th percentile at $3,887 and the 90th percentile reaching $5,864, reflecting disparities in property values and tax rates within the area. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies or overvaluations. By filing appeals and securing exemptions, Ownwell helps reduce property tax bills, providing financial relief and ensuring homeowners only pay their fair share.

Property Tax Bills Across Valparaiso, Lancaster County, Nebraska

Source: Ownwell

$1,946

$4,227

$6,508

Median Valparaiso Tax Bill

$3,803

Median Lancaster County Tax Bill

$3,364

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Valparaiso, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68065	$2,087	$3,002	$3,803	$4,297	$4,658

Source: Ownwell