Ravenna, Sherman County, Nebraska Property Taxes

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

Median Ravenna, NE effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Ravenna, NE home value: $276,560
Median annual Ravenna, NE tax bill: $3,030, $630 higher than the national median property tax bill of $2,400.

How are property taxes in Sherman County calculated?

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

Last Updated March 1, 2025

Ravenna, Sherman County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$3,070

$2,849

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

Property Tax Rates Across Ravenna, Sherman County, Nebraska

Local government entities determine property tax rates, which can significantly differ across a state. This variation arises because each county annually estimates its budget requirements for services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the yearly process. Ravenna in Sherman County, Nebraska, presents an interesting case. The city's effective property tax rate stands at 1.11%, which is above the national median property tax rate of 1.02%. This rate reflects the unique budgetary needs and property values within the county. When compared to the national median property tax bill of $2,400, Ravenna's figures highlight the local government's approach to balancing service provision with property values. Understanding these dynamics can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Ravenna, 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 Ravenna Tax Rate

1.11%

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 Ravenna, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68869	1.09%	1.10%	1.11%	1.11%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Ravenna, Sherman County, Nebraska

When examining property taxes in Ravenna, 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's Office 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 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 Ravenna.

For example, the median home price in Ravenna is $276,560, with tax bills ranging significantly across the county. 68869 has the highest median home price at $276,560.

Property Tax Assessment Values Across Ravenna, Sherman County, Nebraska

Source: Ownwell

$75,500

$252,501

$429,502

Median Ravenna Market Value

$276,560

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 Ravenna, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68869	$99,038	$138,155	$276,560	$447,835	$683,288

Source: Ownwell

Property Tax Bills Across Ravenna, Sherman County, Nebraska

In Ravenna, Sherman County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $276,560. Property tax rates are applied to this assessed value, resulting in tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,509, while the 75th percentile reaches $5,221, and the 90th percentile can be as high as $8,091. This variation highlights the importance of accurate assessments and the impact on homeowners' finances. With a median tax bill of $3,030, Ravenna's property taxes are above the national median of $2,400, despite having a tax rate below the national average of 1.02%. Homeowners can find relief through Ownwell's property tax appeal services, which help ensure that their property is fairly assessed, potentially lowering their tax burden. By leveraging expert knowledge and experience, Ownwell can help homeowners navigate the complexities of property tax appeals, maximizing savings and reducing financial stress.

Property Tax Bills Across Ravenna, Sherman County, Nebraska

Source: Ownwell

$998

$3,278

$5,557

Median Ravenna Tax Bill

$3,030

Median Sherman County Tax Bill

$1,395

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Ravenna, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68869	$1,087	$1,509	$3,030	$5,221	$8,091

Source: Ownwell