Ord, Valley County, Nebraska Property Taxes

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

Median ORD, NE effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ORD, NE home value: $97,475
Median annual ORD, NE tax bill: $1,688, $712 lower than the national median property tax bill of $2,400.

How are property taxes in Valley County calculated?

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

Last Updated March 1, 2025

Ord, 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

$1,764

$1,637

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

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the annual process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. The result is the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In ORD, located in Valley County, Nebraska, the effective property tax rate stands at 1.81%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Valley County, with both the highest and lowest median tax rates recorded at 1.81%. Comparatively, the national median property tax bill is $2,400, highlighting the potential financial impact on property owners in the region.

By understanding these rates in ORD and Valley County, property owners can better navigate their financial responsibilities and explore opportunities for tax appeals or exemptions.

Property Tax Rates Across Ord, 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 Ord Tax Rate

1.81%

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 Ord, Valley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68862	1.29%	1.35%	1.81%	1.81%	1.81%

Source: Ownwell

Property Tax Assessment Values Across Ord, Valley County, Nebraska

When examining property taxes in ORD, 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 ORD. For example, the median home price in ORD is $97,475, with tax bills ranging significantly across the county. Zip code 68862 has the highest median home price at $97,475.

Property Tax Assessment Values Across Ord, Valley County, Nebraska

Source: Ownwell

$59,020

$222,255

$385,490

Median Ord Market Value

$97,475

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 Ord, Valley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68862	$28,016	$55,258	$97,475	$177,125	$358,104

Source: Ownwell

Property Tax Bills Across Ord, Valley County, Nebraska

In ORD, located in Valley County, NE, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors and reflects the market value of the property. The tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence this process, including changes in market conditions and local government budgets. Homeowners in ORD face a median property tax bill that can vary significantly, with the 25th percentile at $904 and the 75th percentile reaching $2,961. This variation can impact household budgets, making it crucial for homeowners to ensure their assessments are accurate. Compared to the national median property tax bill of $2,400, ORD's tax bills can be more manageable, but discrepancies still exist. Ownwell offers a solution by providing property tax appeal services, helping homeowners challenge inaccurate assessments and secure potential savings. By leveraging expertise in local tax regulations, Ownwell can assist property owners in reducing their tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Ord, Valley County, Nebraska

Source: Ownwell

$1,198

$2,849

$4,499

Median Ord Tax Bill

$1,688

Median Valley County Tax Bill

$1,656

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Ord, Valley County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68862	$392	$904	$1,688	$2,961	$5,185

Source: Ownwell