Ellsworth, Sheridan County, Nebraska Property Taxes

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

Median Ellsworth, NE effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Ellsworth, NE home value: $226,884
Median annual Ellsworth, NE tax bill: $2,351, $49 lower than the national median property tax bill of $2,400.

How are property taxes in Sheridan calculated?

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

Last Updated March 1, 2025

Ellsworth, Sheridan County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$2,019

$1,874

Ownwell’s Ellsworth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellsworth with just two data points. By entering your property's estimated assessed value, our calculator applies Ellsworth’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 Ellsworth, Sheridan County, Nebraska

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the core of the annual process. In Ellsworth, located in Sheridan County, Nebraska, the effective property tax rate is a reflection of this process. When comparing Ellsworth’s effective property tax rate to other cities in Nebraska, it offers insight into how local tax rates stack up against both the state and national averages. Nebraska's median property tax rate is slightly below the national median of 1.02%, offering a comparative advantage for property owners. Understanding these rates is crucial for homeowners aiming to manage their property tax liabilities effectively. By staying informed, property owners can take advantage of potential savings through appeals or exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Ellsworth, 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 Ellsworth Tax Rate

0.89%

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 Ellsworth, Sheridan County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69340	0.88%	0.88%	0.89%	1.32%	1.41%

Source: Ownwell

Property Tax Assessment Values Across Ellsworth, Sheridan County, Nebraska

When examining property taxes in Ellsworth, 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 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 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 Ellsworth.

For example, the median home price in Ellsworth is $226,884, with tax bills ranging significantly across the county. Zip code 69340 has the highest median home price at $226,884.

Property Tax Assessment Values Across Ellsworth, Sheridan County, Nebraska

Source: Ownwell

$47,372

$159,406

$271,440

Median Ellsworth Market Value

$226,884

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 Ellsworth, Sheridan County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69340	$44,384	$89,205	$226,884	$327,557	$450,465

Source: Ownwell

Property Tax Bills Across Ellsworth, Sheridan County, Nebraska

In Ellsworth, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, size, and condition of the property. Homeowners in Sheridan County face property tax bills that range widely. At the 25th percentile, the tax bill is $812, while at the 75th percentile, it rises to $3,482 and reaches $5,025 at the 90th percentile. Comparatively, the national median property tax bill is $2,400, highlighting the variability in local tax burdens. High property taxes can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially lower their tax bills. By analyzing property data and identifying discrepancies in assessed values, Ownwell can assist homeowners in filing successful appeals, ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Ellsworth, Sheridan County, Nebraska

Source: Ownwell

$457

$2,006

$3,554

Median Ellsworth Tax Bill

$2,351

Median Sheridan County Tax Bill

$1,197

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Ellsworth, Sheridan County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69340	$396	$812	$2,351	$3,482	$5,025

Source: Ownwell