Polk, Polk County, Nebraska Property Taxes

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

Median Polk, NE effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Polk, NE home value: $53,795
Median annual Polk, NE tax bill: $693, $1,707 lower than the national median property tax bill of $2,400.

How are property taxes in Polk calculated?

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

Last Updated March 1, 2025

Polk, Polk County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$721

$669

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

Property Tax Rates Across Polk, Polk County, Nebraska

Local government entities set tax rates, and these can vary significantly within Nebraska. Each year, counties estimate their budget needs for essential services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic process. In Polk County, Nebraska, the property tax rate stands at 1.34%, which is higher than the national median property tax rate of 1.02%. This rate also represents both the highest and lowest median tax rates within the state, highlighting a uniformity in Polk County compared to other regions. The national median property tax bill is around $2400, offering a benchmark for comparison. Understanding these figures can provide insight into how property taxes in Polk County compare to both state and national averages. This information can be vital for property owners considering tax appeal or exemption services.

Property Tax Rates Across Polk, Polk County, Nebraska

Source: Ownwell

0.94%

1.35%

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 Polk Tax Rate

1.34%

Median Effective Polk County Tax Rate

1.34%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Polk, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68654	0.92%	0.93%	1.34%	1.34%	1.34%

Source: Ownwell

Property Tax Assessment Values Across Polk, Polk County, Nebraska

When examining property taxes in Polk, NE, 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 Polk 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 Polk 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 Polk. For example, the median home price in Polk is $53,795, with tax bills ranging significantly across the county. 68654 has the highest median home price at $53,795.

Property Tax Assessment Values Across Polk, Polk County, Nebraska

Source: Ownwell

$53,795

$231,044

$408,292

Median Polk Market Value

$53,795

Median Polk County Market Value

$118,165

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Polk, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68654	$11,805	$31,439	$53,795	$161,434	$484,665

Source: Ownwell

Property Tax Bills Across Polk, Polk County, Nebraska

In Polk, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. The median home price in Polk is $53,795, with property tax bills ranging from $383 at the 25th percentile to $5,184 at the 90th percentile. The median property tax bill is $693, which is significantly lower than the national median of $2,400. Factors such as property location, improvements, and market conditions can influence the assessed value, impacting the overall tax bill. For homeowners, these taxes are a significant expense, and understanding how they are calculated can help in managing finances. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure homeowners in Polk are not overpaying, ultimately leading to substantial savings.

Property Tax Bills Across Polk, Polk County, Nebraska

Source: Ownwell

$693

$2,265

$3,837

Median Polk Tax Bill

$693

Median Polk County Tax Bill

$1,628

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Polk, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68654	$154	$383	$693	$1,763	$5,184

Source: Ownwell