Loup City, Sherman County, Nebraska Property Taxes

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

Median Loup City, NE 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 Loup City, NE home value: $90,050. Median annual Loup City, NE tax bill: $1,273, $1,127 lower than the national median property tax bill of $2,400. How are property taxes in Sherman County calculated? Property taxes in Loup City, 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 Loup City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loup City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Loup City, 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

$1,018

$944

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

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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. In Loup City, located in Sherman County, Nebraska, the property tax rate reflects these local government decisions. Loup City’s effective property tax rate is comparable to other cities in Nebraska, where the median property tax rate is 1.13%. This rate is slightly above the national median property tax rate of 1.02%. Understanding how these rates compare can offer valuable insights for property owners considering an appeal or exemption. With the national median property tax bill at $2,400, Loup City's property tax scenario is a reflection of the broader trends within the state. Comparing these figures can help property owners make informed decisions about their property tax obligations.

Property Tax Rates Across Loup City, 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 Loup City 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 Loup City, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68853	1.11%	1.13%	1.13%	1.70%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Loup City, Sherman County, Nebraska

When examining property taxes in Loup City, 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 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.

In Sherman County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Loup City.

For example, the median home price in Loup City is $90,050, with tax bills ranging significantly across the county. Zip code 68853 has the highest median home price at $90,050.

Property Tax Assessment Values Across Loup City, Sherman County, Nebraska

Source: Ownwell

$75,500

$252,501

$429,502

Median Loup City Market Value

$90,050

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 Loup City, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68853	$30,102	$50,576	$90,050	$164,476	$335,998

Source: Ownwell

Property Tax Bills Across Loup City, Sherman County, Nebraska

In Loup City, located in Sherman County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location, size, and property condition. With a median home price of $90,050, homeowners in Loup City face property tax bills that vary significantly. The 25th percentile tax bill is $688, while the 75th percentile reaches $2,276, and the 90th percentile can be as high as $4,205. This range indicates that homeowners in Loup City might pay less or more than the national median property tax bill of $2,400, depending on their property's assessed value and applicable exemptions. Ownwell can assist homeowners in Loup City by identifying potential savings through property tax appeals and exemptions. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell helps ensure homeowners are not overpaying on their property tax bills, potentially saving them significant amounts of money annually.

Property Tax Bills Across Loup City, Sherman County, Nebraska

Source: Ownwell

$998

$3,278

$5,557

Median Loup City Tax Bill

$1,273

Median Sherman County Tax Bill

$1,395

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Loup City, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68853	$392	$688	$1,273	$2,276	$4,205

Source: Ownwell