Sherman County, Nebraska Property Taxes

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

Median Sherman County effective property tax rate: 1.30%, significantly higher than the national median of 1.02%.
Median Sherman County home value: $99,345
Median annual Sherman County tax bill: $1,395, $1,005 lower than the national median property tax bill of $2,400.

How are property taxes in Sherman County calculated?

Property taxes in Sherman County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Loup City or another part of Sherman County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sherman County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.3%

Estimate Property Tax Bill

$1,291

$1,198

Ownwell’s Sherman County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sherman County with just two data points.

By entering your property's estimated assessed value, our calculator applies Sherman County’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 more 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 Sherman County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sherman County, Nebraska

Local government entities determine property tax rates, and these can differ significantly within a state. This variation is due to the fact that each county, annually, calculates its necessary budget to fund services and then divides this by the total assessed value of all taxable property within its jurisdiction. This computation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essential annual process.

Sherman County in Nebraska has an effective property tax rate that can be compared to other counties in the state or the national median property tax rate of 1.02%. Sherman County's rate is 1.30%, which is above the national median. Within the county, the city of Ashton has the highest median tax rate of 1.53%, while Ravenna has the lowest at 1.11%. These figures highlight the variability in tax rates, not only when comparing to the national level but also within the county itself.

Property Tax Rates Across Sherman County, Nebraska

Source: Ownwell

1.11%

1.32%

1.53%

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 Sherman County Tax Rate

1.30%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sherman County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Arcadia	1.11%	1.12%	1.13%	1.52%	1.54%
Ashton	1.11%	1.14%	1.53%	1.53%	1.53%
Hazard	1.09%	1.11%	1.20%	1.24%	1.39%
Litchfield	1.16%	1.30%	1.35%	1.66%	1.66%
Loup City	1.11%	1.13%	1.13%	1.70%	1.70%
Ravenna	1.09%	1.10%	1.11%	1.11%	1.12%
Rockville	1.11%	1.11%	1.37%	1.39%	1.39%
Boelus	N/A	N/A	N/A	N/A	N/A
North Loup	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sherman County, Nebraska

When examining property taxes in Sherman County, 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 Sherman 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 Sherman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of June. 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 Sherman County. For example, the median tax bill in Sherman County is $1,717, with tax bills ranging significantly across the county. Arcadia has the highest median home price at $429,502.

Property Tax Assessment Values Across Sherman County, Nebraska

Source: Ownwell

$75,500

$252,501

$429,502

Median Sherman County Market Value

$99,345

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sherman County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Arcadia	$107,306	$166,385	$429,502	$615,215	$835,659
Ashton	$18,477	$37,738	$75,500	$293,392	$613,044
Hazard	$23,887	$76,808	$156,630	$359,478	$627,423
Litchfield	$34,174	$61,855	$114,085	$301,921	$543,809
Loup City	$30,102	$50,576	$90,050	$164,476	$335,998
Ravenna	$99,038	$138,155	$276,560	$447,835	$683,288
Rockville	$10,960	$34,230	$76,820	$300,772	$616,665
Boelus	N/A	N/A	N/A	N/A	N/A
North Loup	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sherman County, Nebraska

In Sherman County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Sherman County is $99,345. Homeowners in this region experience a range of property tax bills. At the 25th percentile, a homeowner might pay around $717, while those at the 75th percentile could see bills as high as $2,950. The tax bill can climb to $6,410 at the 90th percentile. Comparatively, the national median property tax bill is $2,400, indicating that Sherman County's tax bills can vary significantly. In the city of Arcadia within Sherman County, the highest median tax bill is $5,557, whereas Ashton boasts the lowest at $998. These variations in tax bills can significantly impact homeowners, influencing their financial planning and the overall affordability of homeownership in Sherman County.

Property Tax Bills Across Sherman County, Nebraska

Source: Ownwell

$998

$3,278

$5,557

Median Sherman County Tax Bill

$1,395

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherman County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Arcadia	$1,463	$2,268	$5,557	$8,339	$10,786
Ashton	$261	$540	$998	$3,624	$7,147
Hazard	$291	$859	$1,754	$4,294	$6,940
Litchfield	$465	$1,002	$1,793	$3,897	$7,055
Loup City	$392	$688	$1,273	$2,276	$4,205
Ravenna	$1,087	$1,509	$3,030	$5,221	$8,091
Rockville	$143	$452	$1,190	$3,778	$6,787
Boelus	N/A	N/A	N/A	N/A	N/A
North Loup	N/A	N/A	N/A	N/A	N/A

Source: Ownwell