Rising City, Polk County, Nebraska Property Taxes

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

Median RISING CITY, NE effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median RISING CITY, NE home value: $150,458
Median annual RISING CITY, NE tax bill: $1,578, $822 lower than the national median property tax bill of $2,400.

How are property taxes in Polk calculated?

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

Last Updated March 1, 2025

Rising City, Polk County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$1,580

$1,466

Ownwell’s Rising City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rising City with just two data points. By entering your property's estimated assessed value, our calculator applies Rising City’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 Rising City, Polk County, Nebraska

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county, such as Polk County, estimates its required budget annually to provide essential services. The county then divides this budget by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate for the area. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In RISING CITY, located in Polk County, the effective property tax rate is worth noting when compared to other cities within Nebraska. The median property tax rate in Nebraska is 1.05%, slightly above the national median of 1.02%. This comparison highlights the differences in property tax burdens across regions. Understanding these rates can help property owners make informed decisions about their investments and potential savings. With property tax rates being a crucial factor in overall property expenses, knowing where RISING CITY stands in relation to state and national medians is valuable for residents and prospective buyers alike.

Property Tax Rates Across Rising City, 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 Rising City Tax Rate

1.05%

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 Rising City, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68658	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Rising City, Polk County, Nebraska

When examining property taxes in Rising City, 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 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.

In Polk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Rising City. For example, the median home price in Rising City is $150,458, with tax bills ranging significantly across the county. 68658 has the highest median home price at $165,000.

Property Tax Assessment Values Across Rising City, Polk County, Nebraska

Source: Ownwell

$53,795

$231,044

$408,292

Median Rising City Market Value

$150,458

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 Rising City, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68658	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Rising City, Polk County, Nebraska

In Rising City, located in Polk 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, property size, and improvements. For homeowners in Rising City, the median home price is $150,458, with property tax bills ranging from $1,499 at the 25th percentile to $1,657 at the 90th percentile. Compared to the national median property tax bill of $2,400, Rising City's taxes are relatively moderate. However, even with these figures, homeowners can benefit from potential savings. Ownwell assists by analyzing your property's assessment, identifying discrepancies, and filing appeals to ensure fair taxation. Our expertise can help homeowners navigate exemptions and reduce their tax burdens, ensuring they pay only what is necessary. By partnering with Ownwell, homeowners in Rising City can optimize their property tax bills and alleviate financial stress.

Property Tax Bills Across Rising City, Polk County, Nebraska

Source: Ownwell

$693

$2,265

$3,837

Median Rising City Tax Bill

$1,578

Median Polk County Tax Bill

$1,628

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Rising City, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68658	N/A	N/A	N/A	N/A	N/A

Source: Ownwell