Norfolk, Stanton County, Nebraska Property Taxes

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

Median Norfolk, NE effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Norfolk, NE home value: $137,955. Median annual Norfolk, NE tax bill: $2,404, $4 higher than the national median property tax bill of $2,400.

How are property taxes in Stanton calculated?

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

Last Updated March 1, 2025

Norfolk, Stanton County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.79%

Estimate Property Tax Bill

$2,469

$2,292

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

Property Tax Rates Across Norfolk, Stanton County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. Norfolk in Stanton County, Nebraska, has an effective property tax rate of 1.79%, which is higher than the national median of 1.02%. This places property owners in Norfolk at a position where they might pay more compared to other regions in the U.S. The consistent rate across the city indicates a stable taxation environment, although it stands out as one of the higher rates in Nebraska. Comparing this to the national median property tax bill of $2,400, property owners in Norfolk may find their tax bills to be relatively substantial. Understanding these rates and how they are determined can empower property owners to make informed decisions and potentially seek appeals or exemptions where applicable.

Property Tax Rates Across Norfolk, Stanton County, Nebraska

Source: Ownwell

0.94%

1.37%

1.79%

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 Norfolk Tax Rate

1.79%

Median Effective Stanton County Tax Rate

1.63%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Norfolk, Stanton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68701	1.41%	1.43%	1.79%	1.79%	1.79%

Source: Ownwell

Property Tax Assessment Values Across Norfolk, Stanton County, Nebraska

When examining property taxes in Norfolk, 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 Stanton 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 Stanton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Norfolk. For example, the median home price in Norfolk is $137,955, with tax bills ranging significantly across the county. Zip code 68701 has the highest median home price at $137,955.

Property Tax Assessment Values Across Norfolk, Stanton County, Nebraska

Source: Ownwell

$137,955

$285,613

$433,270

Median Norfolk Market Value

$137,955

Median Stanton County Market Value

$152,422

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Norfolk, Stanton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68701	$32,756	$114,176	$137,955	$201,796	$334,331

Source: Ownwell

Property Tax Bills Across Norfolk, Stanton County, Nebraska

In Norfolk, located in Stanton County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors such as market trends, property location, and improvements can influence the assessed value. Homeowners in Norfolk face a median property tax bill of $2,404, aligning with the national median of $2,400. However, some residents pay as low as $1,871 or as high as $4,933, depending on their property's assessed value and specific circumstances. High property taxes can be a significant financial burden for homeowners, impacting their overall cost of living. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and market data, Ownwell identifies potential savings opportunities for homeowners, helping them reduce their property tax bills and alleviate some of the financial strain.

Property Tax Bills Across Norfolk, Stanton County, Nebraska

Source: Ownwell

$2,162

$3,467

$4,771

Median Norfolk Tax Bill

$2,404

Median Stanton County Tax Bill

$2,426

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Norfolk, Stanton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68701	$545	$1,871	$2,404	$3,276	$4,933

Source: Ownwell