Bassett, Rock County, Nebraska Property Taxes
Median Bassett, NE effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bassett, NE home value: $68,870
Median annual Bassett, NE tax bill: $941, $1,459 lower than the national median property tax bill of $2,400.
How are property taxes in Rock County calculated?
Property taxes in Bassett, 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 Bassett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bassett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bassett, Rock County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$1,040
$965
Property Tax Rates Across Bassett, Rock County, Nebraska
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide this figure by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While voting and legal processes play a role in the finalization of tax rates and budgets, this is the core of the annual procedure.
In Bassett, located in Rock County, the effective property tax rate stands at 1.51%. This rate is notably higher than the national median property tax rate of 1.02%. Interestingly, Bassett’s tax rate is the highest within its ZIP code of 68714, which also has the lowest rate within the same ZIP code, indicating uniformity in the area. When compared to the median property tax rates across Nebraska and the United States, Bassett's rate presents a unique perspective on local taxation. Understanding these nuances can help property owners make informed decisions and potentially explore tax appeal opportunities.
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 Bassett Tax Rate
1.51%
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 Rock County Tax Rate
1.05%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bassett, Rock County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | 1.01% | 1.03% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Bassett, Rock County, Nebraska
When examining property taxes in Bassett, 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 Rock 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 Rock 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 Bassett.
For example, the median home price in Bassett is $68,870, with tax bills ranging significantly across the county. Zip code 68714 has the highest median home price at $68,870.
Property Tax Assessment Values Across Bassett, Rock County, Nebraska
Source: Ownwell
$41,665
$141,333
$241,000
Median Bassett Market Value
$68,870
Median Rock County Market Value
$71,868
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bassett, Rock County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | $5,100 | $23,565 | $68,870 | $148,935 | $343,967 |
Source: Ownwell
Property Tax Bills Across Bassett, Rock County, Nebraska
Median Bassett Tax Bill
$941
Median Rock County Tax Bill
$970
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Bassett, Rock County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68714 | $77 | $318 | $941 | $1,787 | $3,563 |
Source: Ownwell