Genoa, Platte County, Nebraska Property Taxes

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

Median Genoa, NE effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Genoa, NE home value: $351,888
Median annual Genoa, NE tax bill: $3,734, $1,334 higher than the national median property tax bill of $2,400.

How are property taxes in Platte 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, Platte County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$3,906

$3,625

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

Property Tax Rates Across Genoa, Platte County, Nebraska

Local government entities are responsible for setting tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.

In Genoa, located in Nance County, Nebraska, the effective property tax rate can be compared to other cities in the state and the median property tax rates in Nebraska and the U.S. Nebraska's median property tax rate is 1.11%, which is higher than the national median of 1.02%. This indicates that property owners in Nebraska, including those in Genoa, generally face higher property tax rates compared to the national average. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. Whether you're a homeowner or an investor, being informed about local property tax trends can help you make better financial decisions.

Property Tax Rates Across Genoa, Platte County, Nebraska

Source: Ownwell

0.67%

1.23%

1.78%

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

1.11%

Median Effective Platte County Tax Rate

1.78%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Genoa, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68640	0.98%	1.10%	1.11%	1.12%	1.13%

Source: Ownwell

Property Tax Assessment Values Across Genoa, Platte 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 Platte 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 Platte 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 $351,888, with tax bills ranging significantly across the county. 68640 has the highest median home price at $351,888.

Property Tax Assessment Values Across Genoa, Platte County, Nebraska

Source: Ownwell

$55,940

$249,000

$442,060

Median Genoa Market Value

$351,888

Median Platte County Market Value

$171,615

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Genoa, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68640	$142,862	$188,221	$351,888	$902,995	$1,284,039

Source: Ownwell

Property Tax Bills Across Genoa, Platte County, Nebraska

In Genoa, located in Platte County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $351,888. Homeowners in Genoa face a median property tax bill of $3,734, which is significantly higher than the national median of $2,400. This higher tax bill can be a financial burden for many homeowners. The tax bill is influenced by several factors, including the local tax rate and the assessed value of the property. For those in the 25th percentile, tax bills are around $2,109, while those in the 75th percentile face bills as high as $9,121. Ownwell offers valuable services to help homeowners in Genoa potentially reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can assist homeowners in ensuring their property is assessed accurately, potentially leading to significant savings.

Property Tax Bills Across Genoa, Platte County, Nebraska

Source: Ownwell

$418

$2,818

$5,217

Median Genoa Tax Bill

$3,734

Median Platte County Tax Bill

$2,760

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Genoa, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68640	$1,426	$2,109	$3,734	$9,121	$13,053

Source: Ownwell