Genoa, Nance County, Nebraska Property Taxes

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

Median Genoa, NE effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Genoa, NE home value: $109,965
Median annual Genoa, NE tax bill: $1,689, $711 lower than the national median property tax bill of $2,400.

How are property taxes in Nance County calculated?

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

Last Updated March 1, 2025

Genoa, Nance County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$1,776

$1,648

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

Property Tax Rates Across Genoa, Nance County, Nebraska

Local government entities determine tax rates, leading to significant variation within a state. This happens because annually, each county estimates its required budget to provide essential 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. In Genoa, located in Nance County, Nebraska, the effective property tax rate is 1.73%, which is notably higher than the national median property tax rate of 1.02%. This suggests that homeowners in Genoa face higher property tax rates compared to the national average. Comparing Genoa’s rate to other cities in Nebraska, it aligns with the state’s median property tax rate, reflecting a consistent trend across the region. Understanding these rates can help homeowners anticipate their annual property tax bills and make informed financial decisions.

Property Tax Rates Across Genoa, Nance County, Nebraska

Source: Ownwell

0.91%

1.15%

1.40%

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 Genoa Tax Rate

1.40%

Median Effective Nance County Tax Rate

1.39%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Genoa, Nance County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68640	0.86%	0.92%	1.40%	1.44%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Genoa, Nance County, Nebraska

When examining property taxes in Genoa, 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 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.

In Nance 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 Genoa. For example, the median home price in Genoa is $109,965, with tax bills ranging significantly across the county. Zip code 68640 has the highest median home price at $109,965.

Property Tax Assessment Values Across Genoa, Nance County, Nebraska

Source: Ownwell

$50,460

$214,630

$378,800

Median Genoa Market Value

$126,825

Median Nance County Market Value

$122,840

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Genoa, Nance County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68640	$35,423	$68,610	$126,825	$230,075	$422,035

Source: Ownwell

Property Tax Bills Across Genoa, Nance County, Nebraska

In Genoa, located in Nance County, NE, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $109,965, which influences the property tax bill. The tax bill is determined by multiplying the assessed value by the local tax rate. Factors such as local government budgets, school funding needs, and public services contribute to the tax rate, ultimately affecting homeowners' bills. In Genoa, the median property tax bill is $1,689, which is below the national median of $2,400. However, some homeowners in the area may experience higher bills, with the 75th percentile reaching $2,875 and the 90th percentile at $5,125.

Ownwell can assist homeowners in Genoa by reviewing their property assessments and identifying potential discrepancies that could lead to overpayment. By appealing these assessments, Ownwell helps reduce the property tax burden, ensuring homeowners pay only their fair share. With expert guidance, homeowners can navigate the complex tax landscape and potentially achieve significant savings.

Property Tax Bills Across Genoa, Nance County, Nebraska

Source: Ownwell

$384

$1,787

$3,190

Median Genoa Tax Bill

$1,574

Median Nance County Tax Bill

$1,462

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Genoa, Nance County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68640	$322	$839	$1,574	$2,619	$4,450

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 30

Links
Nance Tax Assessor
Website	beacon.schneidercorp.com