Valley County, Nebraska Property Taxes

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

Median Valley County effective property tax rate: 1.81%, significantly higher than the national median of 1.02%.
Median Valley County home value: $94,595
Median annual Valley County tax bill: $1,656, $744 lower than the national median property tax bill of $2,400.

How are property taxes in Valley County calculated?

Property taxes in Valley County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Ord or another part of Valley County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Valley County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$1,712

$1,589

Ownwell’s Valley County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Valley County with just two data points.

By entering your property's estimated assessed value, our calculator applies Valley County’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 more 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 Valley County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Valley County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county annually 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Valley County, Nebraska, the effective property tax rate stands at 1.81%, significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Valley County may face higher property tax bills compared to many other counties across the United States. Within Valley County, Arcadia has the highest median property tax rate at 2.31%, while Comstock boasts the lowest at 1.29%. These variations highlight the importance of understanding local tax rates and how they impact property owners. Comparing Valley County's rate to the national median provides valuable insight into the region's tax landscape, helping property owners make informed decisions.

Property Tax Rates Across Valley County, Nebraska

Source: Ownwell

1.29%

1.80%

2.31%

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 Valley County Tax Rate

1.81%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Valley County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Arcadia	1.59%	1.65%	2.31%	2.31%	2.31%
Burwell	1.13%	1.29%	1.30%	1.45%	1.46%
Comstock	1.28%	1.29%	1.29%	1.31%	1.31%
Elyria	1.28%	1.29%	1.38%	1.81%	1.81%
North Loup	1.28%	1.30%	2.24%	2.24%	2.24%
Ord	1.29%	1.35%	1.81%	1.81%	1.81%
Ericson	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Valley County, Nebraska

When examining property taxes in Valley County, 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 Valley 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 Valley 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 Valley County.

For example, the median tax bill in Valley County is $2,400, with tax bills ranging significantly across the county. Comstock has the highest median home price at $385,490.

Property Tax Assessment Values Across Valley County, Nebraska

Source: Ownwell

$59,020

$222,255

$385,490

Median Valley County Market Value

$94,595

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Valley County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Arcadia	$22,575	$38,328	$80,095	$208,258	$466,295
Burwell	$91,167	$154,752	$290,940	$480,492	$570,877
Comstock	$122,786	$195,245	$385,490	$527,132	$670,372
Elyria	$11,565	$39,969	$100,532	$347,815	$567,602
North Loup	$11,120	$24,935	$59,020	$169,460	$554,487
Ord	$28,016	$55,258	$97,475	$177,125	$358,104
Ericson	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Valley County, Nebraska

In Valley County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, and local governments set the tax rate to meet budgetary needs. Homeowners in Valley County experience a range of tax bills, with the 25th percentile paying around $828 and the 75th percentile seeing bills up to $3,256. The 90th percentile can reach as high as $6,069, indicating a significant variation based on property value and location within the county. For instance, Comstock has the highest median tax bill at $4,499, while North Loup has the lowest at $1,198. Compared to the national median property tax bill of $2,400, Valley County's tax bills can be both higher and lower, depending on the specific area and property value. These tax obligations impact homeowners by influencing housing affordability and financial planning, making it crucial for them to understand their tax liabilities.

Property Tax Bills Across Valley County, Nebraska

Source: Ownwell

$1,198

$2,849

$4,499

Median Valley County Tax Bill

$1,656

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Valley County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Arcadia	$464	$827	$1,711	$3,817	$7,601
Burwell	$938	$1,603	$4,260	$6,451	$7,351
Comstock	$1,619	$2,543	$4,499	$6,846	$7,800
Elyria	$206	$784	$1,767	$4,603	$7,392
North Loup	$226	$501	$1,198	$2,848	$7,072
Ord	$392	$904	$1,688	$2,961	$5,185
Ericson	N/A	N/A	N/A	N/A	N/A

Source: Ownwell