North Loup, Sherman County, Nebraska Property Taxes

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

Median North Loup, NE effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median North Loup, NE home value: $305,745
Median annual North Loup, NE tax bill: $3,611, $1,211 higher than the national median property tax bill of $2,400.

How are property taxes in Sherman County calculated?

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

Last Updated March 1, 2025

North Loup, Sherman County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$3,638

$3,376

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

Local government entities set tax rates, which can vary widely within a state. 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 North Loup’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

North Loup, located in Sherman County, has a median property tax rate of 1.19%. This is notably higher than the national median property tax rate of 1.02%. Such a discrepancy can result in a significant difference in the property tax bill. While the national median property tax bill is $2400, property owners in North Loup may find themselves paying more due to the higher tax rate. Understanding these differences is crucial for homeowners and potential buyers in managing their finances effectively. By appealing property taxes or seeking exemptions, residents can potentially reduce their tax burden.

Property Tax Rates Across North Loup, 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 North Loup Tax Rate

1.19%

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 North Loup, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68859	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in North Loup, 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 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 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 North Loup. For example, the median home price in North Loup is $305,745, with tax bills ranging significantly across the county.

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

Source: Ownwell

$75,500

$252,501

$429,502

Median North Loup Market Value

$305,745

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 North Loup, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68859	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across North Loup, Sherman County, Nebraska

In North Loup, located in Sherman County, Nebraska, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the property's market value, which is determined by the local assessor's office. Various factors such as property size, location, and improvements can influence this assessed value. For homeowners in North Loup, the property tax bill can vary widely. The 25th percentile tax bill is $2,788, while the 75th percentile reaches $3,824, and the 90th percentile can soar to $10,824. These figures reflect the substantial impact property taxes can have on household budgets, especially considering the national median property tax bill is $2,400. Ownwell can assist homeowners by identifying opportunities for appealing their property tax assessments and securing exemptions, potentially leading to significant savings. By leveraging expert insights and local knowledge, Ownwell helps ensure homeowners pay only their fair share, easing the financial burden of property taxes.

Property Tax Bills Across North Loup, Sherman County, Nebraska

Source: Ownwell

$998

$3,278

$5,557

Median North Loup Tax Bill

$3,611

Median Sherman County Tax Bill

$1,395

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across North Loup, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68859	N/A	N/A	N/A	N/A	N/A

Source: Ownwell