Salem, Richardson County, Nebraska Property Taxes

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

Median Salem, NE effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Salem, NE home value: $27,421. Median annual Salem, NE tax bill: $427, $1,973 lower than the national median property tax bill of $2,400.

How are property taxes in Richardson calculated?

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

Last Updated March 1, 2025

Salem, Richardson County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$524

$486

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

Property Tax Rates Across Salem, Richardson County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation is because each county estimates its required budget annually 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. In Salem, Richardson County, Nebraska, the effective property tax rate is 1.91%, which is higher than the national median property tax rate of 1.02%. This places Salem among the higher property tax areas in the state. Compared to the national median property tax bill of $2400, residents in Salem may experience higher property tax bills. Understanding these rates can help property owners make informed decisions about property tax appeals or exemptions. As tax rates are a crucial factor in property expenses, staying informed about local and state property tax trends is essential for homeowners.

Property Tax Rates Across Salem, Richardson County, Nebraska

Source: Ownwell

1.16%

1.59%

2.03%

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 Salem Tax Rate

1.91%

Median Effective Richardson County Tax Rate

1.91%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Salem, Richardson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68433	1.44%	1.46%	1.91%	1.91%	1.91%

Source: Ownwell

Property Tax Assessment Values Across Salem, Richardson County, Nebraska

When examining property taxes in Salem, 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 Richardson 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 Richardson 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 Salem.

For example, the median home price in Salem is $27,421, with tax bills ranging significantly across the county. Zip code 68433 has the highest median home price at $27,421.

Property Tax Assessment Values Across Salem, Richardson County, Nebraska

Source: Ownwell

$27,421

$160,494

$293,566

Median Salem Market Value

$27,421

Median Richardson County Market Value

$51,575

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Salem, Richardson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68433	$3,359	$6,004	$27,421	$130,261	$328,942

Source: Ownwell

Property Tax Bills Across Salem, Richardson County, Nebraska

In Salem, located in Richardson County, NE, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $27,421. Homeowners in Salem face a property tax bill that varies significantly. The 25th percentile tax bill is $108, while the 75th percentile tax bill reaches $1,995, with the 90th percentile soaring to $4,658. This variation highlights how different factors, such as property location and home improvements, can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax bill of $2,400, Salem offers a range of tax bills that can be either more affordable or more burdensome. Ownwell can assist homeowners in Salem by providing expert property tax appeal services, helping to ensure that their property tax assessments are fair and accurate. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills, resulting in significant savings and financial relief.

Property Tax Bills Across Salem, Richardson County, Nebraska

Source: Ownwell

$427

$2,080

$3,733

Median Salem Tax Bill

$427

Median Richardson County Tax Bill

$905

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Salem, Richardson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68433	$57	$108	$427	$1,995	$4,658

Source: Ownwell