Nance County, Nebraska Property Taxes

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

Median Nance County effective property tax rate: 1.73%, significantly higher than the national median of 1.02%. Median Nance County home value: $104,025. Median annual Nance County tax bill: $1,688, $712 lower than the national median property tax bill of $2,400.

How are property taxes in Nance County calculated?

Property taxes in Nance County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Fullerton or another part of Nance County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Nance County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.73%

Estimate Property Tax Bill

$1,800

$1,670

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

Property Tax Rates Across Nance County, Nebraska

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Nance County, Nebraska, the effective property tax rate can be compared to other counties in the state or to the U.S. median property tax rate. Nance County's median property tax rate stands at 1.73%, which is notably higher than the national median of 1.02%. Within the county, Fullerton has the highest median tax rate at 1.88%, while Saint Edward boasts the lowest at 1.05%. These variations highlight the diverse landscape of property taxation within a single county, reflecting the specific budgetary needs and property values of each area. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Nance County, Nebraska

Source: Ownwell

1.05%

1.47%

1.88%

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 Nance County Tax Rate

1.73%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Nance County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Belgrade	0.95%	1.27%	1.35%	1.35%	1.68%
Fullerton	1.25%	1.27%	1.88%	1.88%	1.88%
Genoa	1.19%	1.20%	1.73%	1.73%	1.73%
Palmer	1.25%	1.27%	1.35%	1.36%	1.37%
Saint Edward	0.26%	1.03%	1.05%	1.15%	1.19%
Silver Creek	1.06%	1.21%	1.23%	1.24%	1.25%
Cedar Rapids	N/A	N/A	N/A	N/A	N/A
Clarks	N/A	N/A	N/A	N/A	N/A
Wolbach	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Nance County, Nebraska

When examining property taxes in Nance County, 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 Nance 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. Assessment notices: In Nance County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Nance County. For example, the median tax bill in Nance County is $2400, with tax bills ranging significantly across the county. Saint Edward has the highest median home price at $393,645.

Property Tax Assessment Values Across Nance County, Nebraska

Source: Ownwell

$42,050

$217,848

$393,645

Median Nance County Market Value

$104,025

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Nance County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Belgrade	$4,395	$14,145	$42,050	$154,760	$505,052
Fullerton	$19,542	$47,024	$95,868	$172,700	$406,622
Genoa	$25,352	$58,110	$109,965	$200,041	$390,625
Palmer	$116,511	$180,160	$322,562	$490,081	$697,467
Saint Edward	$118,955	$200,420	$393,645	$734,850	$857,970
Silver Creek	$106,651	$154,630	$257,100	$672,130	$725,790
Cedar Rapids	N/A	N/A	N/A	N/A	N/A
Clarks	N/A	N/A	N/A	N/A	N/A
Wolbach	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Nance County, Nebraska

In Nance County, NE, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this county experience a range of tax bills, influenced by factors such as property value, location, and applicable exemptions. The median home price in Nance County is $104,025, with property tax bills reflecting a spectrum of financial obligations. For instance, at the 25th percentile, the tax bill is approximately $732, while at the 75th percentile, it rises to $3,176. Homeowners with properties in the 90th percentile may face tax bills as high as $5,828. These figures illustrate the variation in tax burdens across different properties. Palmer, a city within the county, records the highest median tax bill at $4,224, whereas Belgrade has the lowest at $508. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Nance County presents a diverse tax landscape, significantly impacting homeowners' financial planning and obligations.

Property Tax Bills Across Nance County, Nebraska

Source: Ownwell

$508

$2,366

$4,224

Median Nance County Tax Bill

$1,688

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Nance County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Belgrade	$59	$182	$508	$2,635	$6,501
Fullerton	$317	$789	$1,686	$2,931	$5,393
Genoa	$322	$878	$1,689	$2,875	$5,125
Palmer	$1,593	$2,320	$4,224	$6,626	$8,879
Saint Edward	$308	$2,222	$4,087	$7,682	$8,851
Silver Creek	$1,329	$1,900	$3,198	$7,151	$8,846
Cedar Rapids	N/A	N/A	N/A	N/A	N/A
Clarks	N/A	N/A	N/A	N/A	N/A
Wolbach	N/A	N/A	N/A	N/A	N/A

Source: Ownwell