Culbertson, Red Willow County, Nebraska Property Taxes

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

Median Culbertson, NE effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Culbertson, NE home value: $345,607
Median annual Culbertson, NE tax bill: $4,724, $2,324 higher than the national median property tax bill of $2,400.

How are property taxes in Red Willow calculated?

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

Last Updated March 1, 2025

Culbertson, Red Willow County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.43%

Estimate Property Tax Bill

$4,942

$4,586

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

Property Tax Rates Across Culbertson, Red Willow County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Annually, each county 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 Culbertson’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Culbertson, located in Red Willow County, has a median property tax rate of 1.43%, which is notably higher than the national median of 1.02%. This places it among the highest in the nation, reflecting Nebraska's tendency towards higher property tax rates. Despite this, the rate is consistent across the region, as Culbertson shares the same rate with other areas in the county. Understanding this context is crucial for property owners in Culbertson seeking to manage their tax liabilities effectively. By comparing local rates to state and national averages, property owners can make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Culbertson, Red Willow County, Nebraska

Source: Ownwell

1.29%

1.52%

1.75%

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 Culbertson Tax Rate

1.43%

Median Effective Red Willow County Tax Rate

1.75%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Culbertson, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69024	1.37%	1.43%	1.43%	1.45%	1.45%

Source: Ownwell

Property Tax Assessment Values Across Culbertson, Red Willow County, Nebraska

When examining property taxes in Culbertson, 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 Red Willow County Assessor 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 Red Willow 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 Culbertson. For example, the median home price in Culbertson is $345,607, with tax bills ranging significantly across the county. Zip code 69024 has the highest median home price at $345,607.

Property Tax Assessment Values Across Culbertson, Red Willow County, Nebraska

Source: Ownwell

$14,033

$179,820

$345,607

Median Culbertson Market Value

$345,607

Median Red Willow County Market Value

$101,885

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Culbertson, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69024	$161,540	$190,816	$345,607	$524,572	$878,855

Source: Ownwell

Property Tax Bills Across Culbertson, Red Willow County, Nebraska

In Culbertson, located in Red Willow County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Tax rates are set by local taxing authorities and can vary depending on budgetary needs for public services like schools and infrastructure. Homeowners in Culbertson face a median property tax bill of $4,724, which is significantly higher than the national median of $2,400. This suggests that property taxes can be a substantial financial burden for local homeowners. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners in Culbertson potentially reduce their tax bills. This service not only alleviates financial strain but also ensures homeowners are not overpaying on their property taxes. With Ownwell's expertise, homeowners can achieve significant savings and peace of mind.

Property Tax Bills Across Culbertson, Red Willow County, Nebraska

Source: Ownwell

$217

$2,471

$4,724

Median Culbertson Tax Bill

$4,724

Median Red Willow County Tax Bill

$1,615

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Culbertson, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69024	$1,753	$2,654	$4,724	$7,322	$12,527

Source: Ownwell