Rockville, Sherman County, Nebraska Property Taxes

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

Median Rockville, NE effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Rockville, NE home value: $76,820
Median annual Rockville, NE tax bill: $1,190, $1,210 lower than the national median property tax bill of $2,400.

How are property taxes in Sherman County calculated?

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

Last Updated March 1, 2025

Rockville, Sherman County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$723

$671

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

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation arises because each county estimates its required budget annually to provide services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially how the process works each year.

In Rockville, located in Sherman County, Nebraska, the effective property tax rate can be compared to other cities in the state and the national median. Nebraska's median property tax rate stands at 1.37%, which is higher than the national median of 1.02%. This indicates that property owners in Nebraska, including those in Rockville, generally face higher property tax rates compared to the national average. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By being informed, property owners can explore potential avenues for appealing their property tax assessments or seeking exemptions, ultimately leading to potential savings.

Property Tax Rates Across Rockville, Sherman County, Nebraska

Source: Ownwell

0.73%

0.91%

1.08%

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 Rockville Tax Rate

0.95%

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 Rockville, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68871	0.70%	0.70%	0.95%	0.99%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Rockville, Sherman County, Nebraska

When examining property taxes in Rockville, 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. Assessment notices: Sherman County sends assessment notices 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 Rockville. For example, the median home price in Rockville is $76,820, with tax bills ranging significantly across the county. 68871 has the highest median home price at $76,820.

Property Tax Assessment Values Across Rockville, Sherman County, Nebraska

Source: Ownwell

$76,125

$252,773

$429,420

Median Rockville Market Value

$76,125

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 Rockville, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68871	$10,504	$35,870	$76,125	$320,065	$646,154

Source: Ownwell

Property Tax Bills Across Rockville, Sherman County, Nebraska

In Rockville, located in Sherman County, Nebraska, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The median home price in this city is $76,820, and the property tax rate is applied to this assessed value to determine the tax bill. The median property tax bill in Rockville is $1,190, which is lower than the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $452 and the 90th percentile reaching $6,787. Factors influencing these variations include property value, exemptions, and local tax rates. Homeowners in Rockville can face financial strain due to these taxes, especially if their assessed property value is high. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burdens. By leveraging local expertise, Ownwell can assist in ensuring that property assessments are fair, potentially saving homeowners significant amounts on their tax bills.

Property Tax Bills Across Rockville, Sherman County, Nebraska

Source: Ownwell

$783

$2,018

$3,253

Median Rockville Tax Bill

$783

Median Sherman County Tax Bill

$1,174

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Rockville, Sherman County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68871	$75	$310	$783	$2,481	$4,445

Source: Ownwell