Newport, Rock County, Nebraska Property Taxes
Median Newport, NE effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Newport, NE home value: $41,665
Median annual Newport, NE tax bill: $585, $1,815 lower than the national median property tax bill of $2,400.
How are property taxes in Rock County calculated?
Property taxes in Newport, 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 Newport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newport, Rock County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.75%
Estimate Property Tax Bill
$729
$677
Property Tax Rates Across Newport, Rock County, Nebraska
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 Newport Tax Rate
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 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 Newport, Rock County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68759 | 1.01% | 1.02% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Newport, Rock County, Nebraska
When examining property taxes in Newport, 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 Rock 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.
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 Newport.
For example, the median home price in Newport is $41,665, with tax bills ranging significantly across the county. Zip code 68759 has the highest median home price at $41,665.
Property Tax Assessment Values Across Newport, Rock County, Nebraska
Source: Ownwell
$41,665
$141,333
$241,000
Median Newport Market Value
$41,665
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 Newport, Rock County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68759 | $4,890 | $12,698 | $41,665 | $168,732 | $320,330 |
Source: Ownwell
Property Tax Bills Across Newport, Rock County, Nebraska
In Newport, located in Rock County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Newport is $41,665, and property taxes are levied to fund essential community services such as education, public safety, and infrastructure. With a median property tax bill of $585, Newport's property tax rate is significantly lower than the national median property tax bill of $2,400.
The tax bill homeowners receive is influenced by the home's assessed value and the local tax rate. Homeowners in Newport can face varying tax bills, with the 25th percentile at $184 and the 90th percentile reaching $3,385, reflecting differences in property values and exemptions.
Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging expertise in local tax laws and assessment practices, Ownwell ensures that homeowners only pay their fair share, potentially saving them a significant amount on their annual property tax expenses.
Median Newport Tax Bill
$585
Median Rock County Tax Bill
$970
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Newport, Rock County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68759 | $70 | $184 | $585 | $1,775 | $3,385 |
Source: Ownwell