Shelby, Polk County, Nebraska Property Taxes

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

Median Shelby, NE effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Shelby, NE home value: $118,330. Median annual Shelby, NE tax bill: $1,576, $824 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

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

Last Updated March 1, 2025

Shelby, Polk County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$1,447

$1,343

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

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide 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. Below, you can compare Shelby’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Shelby, Polk County, Nebraska

Source: Ownwell

0.60%

0.95%

1.31%

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 Shelby Tax Rate

0.96%

Median Effective Polk County Tax Rate

0.97%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shelby, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68662	0.65%	0.70%	0.96%	0.98%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Shelby, Polk County, Nebraska

When examining property taxes in Shelby, 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 Appraisal District 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 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 Shelby. For example, the median home price in Shelby is $118,330, with tax bills ranging significantly across the county. Zip code 68662 has the highest median home price at $118,330.

Property Tax Assessment Values Across Shelby, Polk County, Nebraska

Source: Ownwell

$89,448

$303,482

$517,515

Median Shelby Market Value

$150,748

Median Polk County Market Value

$151,595

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shelby, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68662	$65,876	$101,765	$150,748	$232,506	$541,828

Source: Ownwell

Property Tax Bills Across Shelby, Polk County, Nebraska

In Shelby, located in Polk County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, and local authorities determine the tax rate. For example, with a median home price of $118,330, homeowners might expect a range of tax bills. While the national median property tax bill is $2,400, Shelby's 25th percentile tax bill is $972, and the 75th percentile reaches $2,541. Homeowners at the 90th percentile can see bills as high as $5,377. These figures illustrate the variability in tax burdens, influenced by factors such as property value and local tax rates. Navigating these complexities can be daunting, but that's where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay what is fair. This can result in significant savings, offering peace of mind and financial relief.

Property Tax Bills Across Shelby, Polk County, Nebraska

Source: Ownwell

$860

$2,299

$3,738

Median Shelby Tax Bill

$1,305

Median Polk County Tax Bill

$1,416

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Shelby, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68662	$436	$841	$1,305	$2,118	$3,910

Source: Ownwell