Valley, Saunders County, Nebraska Property Taxes
Median Valley, 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 Valley, NE home value: $165,255
Median annual Valley, NE tax bill: $2,520, $120 higher than the national median property tax bill of $2,400.
How are property taxes in Saunders County calculated?
Property taxes in Valley, 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 Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valley, Saunders County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.51%
Estimate Property Tax Bill
$2,495
$2,316
Property Tax Rates Across Valley, Saunders County, Nebraska
Local government entities in Nebraska set property tax rates, which can vary significantly across the state. This variation arises because each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
In Valley, located in Saunders County, the effective property tax rate is a key figure of interest. When comparing Valley’s rate to other cities in Nebraska, it's important to consider the broader context. Nebraska's median property tax rate stands at 1.51%, which is notably higher than the national median of 1.02%. This highlights the relative tax burden faced by property owners in the state compared to the national average. Understanding these rates can help property owners in Valley make informed decisions about their property investments and potential appeals.
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 Valley 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 Saunders County Tax Rate
1.77%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Valley, Saunders County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68064 | 1.50% | 1.50% | 1.51% | 1.54% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Valley, Saunders County, Nebraska
When examining property taxes in Valley, 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 Saunders 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 Saunders 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 Valley. For example, the median home price in Valley is $165,255, with tax bills ranging significantly across the county. Zip code 68064 has the highest median home price at $165,255.
Property Tax Assessment Values Across Valley, Saunders County, Nebraska
Source: Ownwell
$108,208
$222,633
$337,058
Median Valley Market Value
$165,255
Median Saunders County Market Value
$199,000
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Valley, Saunders County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68064 | $24,137 | $76,586 | $165,255 | $258,858 | $514,236 |
Source: Ownwell
Property Tax Bills Across Valley, Saunders County, Nebraska
In the city of Valley, located in Saunders County, Nebraska, property tax bills are determined by evaluating the assessed value of a home, which is a percentage of the market value. The median home price in Valley is $165,255, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Valley experience a range of property tax bills, with the 25th percentile at $1,205 and the 75th percentile at $4,224, highlighting the variability based on property value and tax rates. Compared to the national median property tax bill of $2,400, Valley's tax bills can be significantly lower or higher, depending on the specific property.
Factors such as property improvements, changes in market conditions, and local government budgets can influence tax bills. Homeowners can be affected by these fluctuations, impacting their annual expenses. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills and offering peace of mind. By leveraging local expertise, Ownwell helps ensure that homeowners pay only their fair share in property taxes.
Median Valley Tax Bill
$2,520
Median Saunders County Tax Bill
$3,382
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Valley, Saunders County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68064 | $489 | $1,205 | $2,520 | $4,224 | $7,876 |
Source: Ownwell