Arcadia, Sherman County, Nebraska Property Taxes

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

Median Arcadia, Nebraska effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Arcadia, Nebraska home value: $429,502
Median annual Arcadia, Nebraska tax bill: $5,557, $3,157 higher than the national median property tax bill of $2,400.

How are property taxes in Sherman County calculated?

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

Last Updated March 1, 2025

Arcadia, Sherman County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$4,853

$4,504

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

Property Tax Rates Across Arcadia, Sherman County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. In Arcadia, located in Sherman County, Nebraska, the effective property tax rate is notably higher than the national median of 1.02%. This reflects local budgetary needs and property values, which can differ significantly from other cities in Nebraska. The median property tax rate in Nebraska is 1.13%, aligning with the rate in Arcadia. This comparison highlights the importance of understanding local tax obligations and how they impact property owners. By examining these rates, property owners can gain insights into their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Arcadia, 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 Arcadia Tax Rate

1.13%

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 Arcadia, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68815	1.11%	1.12%	1.13%	1.52%	1.54%

Source: Ownwell

Property Tax Assessment Values Across Arcadia, Sherman County, Nebraska

When examining property taxes in Arcadia, 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 Sherman County Appraisal District 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 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 Arcadia.

For example, the median home price in Arcadia is $429,502, with tax bills ranging significantly across the county. Zip code 68815 has the highest median home price at $429,502.

Property Tax Assessment Values Across Arcadia, Sherman County, Nebraska

Source: Ownwell

$75,500

$252,501

$429,502

Median Arcadia Market Value

$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 Arcadia, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68815	$107,306	$166,385	$429,502	$615,215	$835,659

Source: Ownwell

Property Tax Bills Across Arcadia, Sherman County, Nebraska

In Arcadia, located in Sherman County, NE, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Arcadia is $429,502, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as local government budgets and public service funding needs influence the tax rate. The median property tax bill here is notably higher than the national median of $2,400, with homeowners facing bills ranging from $2,268 at the 25th percentile to $10,786 at the 90th percentile. This can significantly impact homeowners' finances, especially those with higher-value properties. Ownwell offers a solution by providing expert property tax appeal services, helping homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist in lowering tax bills, making homeownership more affordable in Arcadia.

Property Tax Bills Across Arcadia, Sherman County, Nebraska

Source: Ownwell

$998

$3,278

$5,557

Median Arcadia Tax Bill

$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 Arcadia, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68815	$1,463	$2,268	$5,557	$8,339	$10,786

Source: Ownwell