Riverton, Webster County, Nebraska Property Taxes
Median Riverton, NE effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Riverton, NE home value: $554,318
Median annual Riverton, NE tax bill: $7,029, $4,629 higher than the national median property tax bill of $2,400.
How are property taxes in Webster calculated?
Property taxes in Riverton, 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 Riverton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riverton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Riverton, Webster County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$6,048
$5,612
Property Tax Rates Across Riverton, Webster County, Nebraska
Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate their necessary budgets to fund services and divide this by the total value of all taxable properties within their area, resulting in the property tax rate. Although setting these rates and budgets involves votes and legislation, this is the basic annual procedure.
In Riverton, located in county 31181, Nebraska, the effective property tax rate provides an interesting comparison to other cities in the state. Nebraska's median property tax rate is 1.27%, which is notably higher than the national median of 1.02%. This difference highlights the variability in tax rates across the country. Furthermore, when comparing the property tax bills, Nebraska's median bill typically surpasses the national median of $2,400, reflecting the state's higher tax rate.
Understanding these differences is crucial for property owners. By evaluating how Riverton's tax rate compares to state and national figures, property owners can make informed decisions about potential property tax appeals or exemptions. This knowledge empowers homeowners to navigate the complexities of property taxation effectively.
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 Riverton Tax Rate
0.80%
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 Webster County Tax Rate
1.08%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Riverton, Webster County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68972 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Riverton, Webster County, Nebraska
When examining property taxes in Riverton, 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 Webster County Appraisal District 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 Webster County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Riverton. For example, the median home price in Riverton is $554,318, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Riverton, Webster County, Nebraska
Source: Ownwell
$13,902
$229,911
$445,920
Median Riverton Market Value
$755,945
Median Webster County Market Value
$99,525
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Riverton, Webster County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68972 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Riverton, Webster County, Nebraska
Median Riverton Tax Bill
$6,040
Median Webster County Tax Bill
$1,067
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Riverton, Webster County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68972 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell