Grafton, York County, Nebraska Property Taxes
Median Grafton, NE effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Grafton, NE home value: $282,789
Median annual Grafton, NE tax bill: $2,863, $463 higher than the national median property tax bill of $2,400.
How are property taxes in York calculated?
Property taxes in Grafton, 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 Grafton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grafton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grafton, York County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$2,856
$2,650
Property Tax Rates Across Grafton, York County, Nebraska
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the process in a nutshell.
Grafton in 31185, NE, showcases this variance. The effective property tax rate here can be compared to other cities within Nebraska and the national median. With Nebraska's median property tax rate at 1.61%, Grafton's rate offers a unique perspective. The national median property tax rate is 1.02%, highlighting the diversity in property tax rates across the country.
Understanding these differences is crucial for property owners in Grafton and beyond. It helps them make informed decisions about property investments and manage their financial obligations effectively. Comparing local rates to state and national figures provides valuable insight into how local government decisions impact property taxes.
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 Grafton Tax Rate
1.01%
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 York County Tax Rate
1.78%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grafton, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68365 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Grafton, York County, Nebraska
When examining property taxes in Grafton, 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 York 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 York 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 Grafton. For example, the median home price in Grafton is $282,789, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Grafton, York County, Nebraska
Source: Ownwell
$46,650
$102,701
$158,751
Median Grafton Market Value
$282,789
Median York County Market Value
$120,076
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grafton, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68365 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Grafton, York County, Nebraska
In Grafton, Nebraska, 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. In Grafton, homeowners face a median property tax bill of $2,863, which is notably higher than the national median of $2,400. This higher tax bill can significantly impact homeowners, especially when compared to the national median property tax rate of 1.02%.
Factors that influence the assessed value include the property's location, size, and condition. Homeowners may find themselves paying more than necessary if their property is over-assessed. This is where Ownwell steps in to assist. By providing property tax appeal services, Ownwell helps homeowners challenge their assessments, potentially lowering their tax bills. With expert knowledge and experience, Ownwell ensures that homeowners in Grafton pay no more than their fair share, offering a path to significant savings on property taxes.
Median Grafton Tax Bill
$2,863
Median York County Tax Bill
$1,911
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Grafton, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68365 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell