Indianola, Red Willow County, Nebraska Property Taxes

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

Median INDIANOLA, NE effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median INDIANOLA, NE home value: $83,711
Median annual INDIANOLA, NE tax bill: $1,104, $1,296 lower than the national median property tax bill of $2,400.

How are property taxes in Red Willow calculated?

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

Last Updated March 1, 2025

Indianola, Red Willow County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$783

$726

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

Property Tax Rates Across Indianola, Red Willow County, Nebraska

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

In Indianola, the property tax rate is 1.37%, which is notably higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the value of taxable properties. In contrast, the median property tax bill nationally is $2,400. Such differences highlight the variability in property tax rates across different regions. Understanding these rates can help property owners make informed decisions about their investments and potential savings. Whether you're a homeowner or an investor, staying informed about property tax trends is crucial for financial planning and maximizing returns.

Property Tax Rates Across Indianola, Red Willow County, Nebraska

Source: Ownwell

0.77%

1.03%

1.30%

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 Indianola Tax Rate

0.79%

Median Effective Red Willow County Tax Rate

1.30%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Indianola, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69034	0.53%	0.54%	0.79%	0.79%	0.81%

Source: Ownwell

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

When examining property taxes in Indianola, 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 Red Willow 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: Red Willow 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 Indianola. For example, the median home price in Indianola is $83,711, with tax bills ranging significantly across the county. 69034 has the highest median home price at $83,711.

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

Source: Ownwell

$12,343

$157,039

$301,734

Median Indianola Market Value

$99,077

Median Red Willow County Market Value

$122,777

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69034	$18,152	$47,771	$99,077	$193,951	$431,512

Source: Ownwell

Property Tax Bills Across Indianola, Red Willow County, Nebraska

In Indianola, located in Red Willow County, NE, property tax bills are determined using the assessed value of a home, which is based on its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as home improvements, neighborhood changes, and market trends influence the assessed value, directly impacting the tax bill. Homeowners in Indianola face varying tax bills, with the 25th percentile at $469 and the 90th percentile reaching $4,053. The median tax bill in this area is $1,104, which is below the national median of $2,400, reflecting a relatively lower tax burden for residents. However, fluctuations in assessed values can lead to unexpected increases in tax bills. Ownwell assists homeowners by reviewing their property assessments and identifying potential errors or overvaluations. By filing appeals and seeking exemptions, Ownwell helps reduce tax liabilities, ensuring homeowners pay only their fair share and potentially saving them significant amounts on their property tax bills.

Property Tax Bills Across Indianola, Red Willow County, Nebraska

Source: Ownwell

$162

$1,475

$2,787

Median Indianola Tax Bill

$749

Median Red Willow County Tax Bill

$1,374

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Indianola, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69034	$110	$360	$749	$1,284	$2,380

Source: Ownwell