Loup City, Sherman County, Nebraska Property Taxes
Property Taxes in Loup City, Nebraska
Median Loup City, Nebraska effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Loup City, Nebraska home value: $112,940
Median annual Loup City, Nebraska tax bill: $1,094, lower than the national median property tax bill of $2,400.
How are property taxes in Sherman calculated?
Property taxes in Loup City, 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 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 April 13, 2026
Loup City, Sherman County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$824
$765
How Does the Loup City Property Tax Calculator Work?
Use this Loup City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Loup City's median effective tax rate of 0.73% — based on actual property records in Sherman County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Loup City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Loup City: rates range from 0.73% in 68853 to 0.73% in 68853, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Loup City.
About Loup City Property Taxes
About Property Taxes in Loup City, Sherman, Nebraska
Loup City's median effective property tax rate of 0.73% is lower than the Nebraska state median of 1.39% and lower than the national median of 1.02%. This rate reflects the Sherman County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Loup City. Homeowners in the 68853 ZIP code carry a median effective rate of 0.73%, while those in the same ZIP code also pay 0.73%. This reflects how school district boundaries and local assessment districts are drawn across Sherman County. Understanding which part of Loup City you live in can make a meaningful difference to your annual tax bill.
Loup City homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Loup City, Sherman County, Nebraska
As noted earlier, local government entities set tax rates, which can vary widely within a 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 Loup City’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
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
0.73%
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
0.86%
Median Effective Nebraska Tax Rate
1.39%
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 | 0.71% | 0.71% | 0.73% | 1.40% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Loup City, Sherman County, Nebraska
When examining property taxes in Loup City, 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 June 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. For example, the median home price in Loup City is $112,940, with tax bills ranging significantly across the county. 68853 has the highest median home price at $112,940.
Property Tax Assessment Values Across Loup City, Sherman County, Nebraska
Source: Ownwell
$76,125
$252,773
$429,420
Median Loup City Market Value
$112,940
Median Sherman County Market Value
$118,478
Median Nebraska Market Value
$199,100
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 | $36,414 | $62,150 | $112,940 | $194,855 | $373,422 |
Source: Ownwell
Property Tax Bills Across Loup City, Sherman County, Nebraska
How are property tax bills calculated in Loup City?
Property tax bills in Loup City are based on the assessed value of a home, not its market price alone. Local taxing authorities apply tax rates to that assessed value to determine the amount owed each year. Factors such as the home’s value, the county’s tax rate, and any local levies all play a role in the final bill.
For a home with a median price of $112,940, the property tax bill can vary widely depending on how the property is assessed and where it is located within Sherman County. The median tax bill in the area is $1,094.00, while bills can range from $604 at the 25th percentile to $2,058 at the 75th percentile and $3,402 at the 90th percentile. That means homeowners may pay less or much more than the median depending on their property’s assessed value and local tax obligations.
These taxes directly affect monthly housing costs and long-term affordability for homeowners.
Median Loup City Tax Bill
$1,094
Median Sherman County Tax Bill
$1,174
Median Nebraska Tax Bill
$2,896
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 | $311 | $604 | $1,094 | $2,058 | $3,402 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Sherman Tax Assessor | |
| Website | sherman.gworks.com |