Bingham, Sheridan County, Nebraska Property Taxes

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

Median Bingham, NE effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bingham, NE home value: $47,372
Median annual Bingham, NE tax bill: $457, $1,943 lower than the national median property tax bill of $2,400.

How are property taxes in Sheridan calculated?

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

Last Updated March 1, 2025

Bingham, Sheridan County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$431

$400

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

Property Tax Rates Across Bingham, Sheridan County, Nebraska

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

Property Tax Rates Across Bingham, Sheridan County, Nebraska

Source: Ownwell

0.89%

1.40%

1.91%

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 Bingham Tax Rate

0.91%

Median Effective Sheridan County Tax Rate

1.78%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bingham, Sheridan County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69335	0.89%	0.90%	0.91%	0.91%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Bingham, Sheridan County, Nebraska

When examining property taxes in Bingham, 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 Sheridan 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 Sheridan 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 Bingham.

For example, the median home price in Bingham is $47,372, with tax bills ranging significantly across the county. Zip code 69335 has the highest median home price at $47,372.

Property Tax Assessment Values Across Bingham, Sheridan County, Nebraska

Source: Ownwell

$47,372

$159,406

$271,440

Median Bingham Market Value

$47,372

Median Sheridan County Market Value

$70,524

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bingham, Sheridan County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69335	$5,025	$23,394	$47,372	$189,990	$338,760

Source: Ownwell

Property Tax Bills Across Bingham, Sheridan County, Nebraska

In Bingham, located in Sheridan County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Local tax rates are then applied to this assessed value to calculate the property tax bill. The median home price in Bingham is $47,372, which results in a median property tax bill of $457, significantly lower than the national median property tax bill of $2,400. However, tax bills can vary, with the 25th percentile at $198 and the 90th percentile reaching up to $3,020. For homeowners, these taxes can be a significant expense, impacting their overall budget. Ownwell assists homeowners by analyzing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing these assessments, Ownwell helps reduce the tax burden, ensuring that homeowners pay only their fair share. This service can lead to substantial savings, providing financial relief for property owners.

Property Tax Bills Across Bingham, Sheridan County, Nebraska

Source: Ownwell

$457

$2,006

$3,554

Median Bingham Tax Bill

$457

Median Sheridan County Tax Bill

$1,197

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Bingham, Sheridan County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69335	$45	$198	$457	$1,934	$3,020

Source: Ownwell