North Loup, Valley County, Nebraska Property Taxes

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

Median North Loup, NE effective property tax rate: 2.24%, 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: $59,020
Median annual North Loup, NE tax bill: $1,198, $1,202 lower than the national median property tax bill of $2,400.

How are property taxes in Valley 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, Valley County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.24%

Estimate Property Tax Bill

$1,322

$1,227

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

Property Tax Rates Across North Loup, Valley County, Nebraska

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates the budget necessary to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In North Loup, located in Valley County, Nebraska, the effective property tax rate stands out when compared to other cities in the state. The median property tax rate in this area is 2.24%, which is notably higher than the national median property tax rate of 1.02%. This means that homeowners in North Loup are likely paying more in property taxes compared to the national average, where the median property tax bill is $2,400. Understanding these figures is crucial for homeowners looking to appeal their property taxes or explore exemption services. By being informed, property owners can make educated decisions about their property tax obligations and potentially reduce their tax burden.

Property Tax Rates Across North Loup, 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 North Loup Tax Rate

2.24%

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 North Loup, Valley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68859	1.28%	1.30%	2.24%	2.24%	2.24%

Source: Ownwell

Property Tax Assessment Values Across North Loup, Valley 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 Valley 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 Valley 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 North Loup. For example, the median home price in North Loup is $59,020, with tax bills ranging significantly across the county. 68859 has the highest median home price at $59,020.

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

Source: Ownwell

$59,020

$222,255

$385,490

Median North Loup Market Value

$59,020

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 North Loup, Valley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68859	$11,120	$24,935	$59,020	$169,460	$554,487

Source: Ownwell

Property Tax Bills Across North Loup, Valley County, Nebraska

In North Loup, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. In Valley County, the median property tax bill is $1,198, which is below the national median of $2,400. This lower tax bill offers homeowners in North Loup a financial advantage compared to many other regions. However, with the 75th percentile tax bill reaching $2,848 and the 90th percentile at $7,072, some homeowners may still face significant property tax burdens. Ownwell can assist homeowners in North Loup by evaluating their property tax assessments to identify potential discrepancies. By appealing unfair assessments or seeking applicable exemptions, Ownwell helps homeowners reduce their tax liabilities. This service not only provides immediate financial relief but also ensures that homeowners pay only their fair share of property taxes, aligning their bills more closely with the true value of their property.

Property Tax Bills Across North Loup, Valley County, Nebraska

Source: Ownwell

$1,198

$2,849

$4,499

Median North Loup Tax Bill

$1,198

Median Valley County Tax Bill

$1,656

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across North Loup, Valley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68859	$226	$501	$1,198	$2,848	$7,072

Source: Ownwell