Polk, York County, Nebraska Property Taxes

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

Median POLK, NE effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median POLK, NE home value: $158,751
Median annual POLK, NE tax bill: $1,521, $879 lower than the national median property tax bill of $2,400.

How are property taxes in York calculated?

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

Last Updated March 1, 2025

Polk, York County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$1,524

$1,414

Ownwell’s Polk Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Polk with just two data points. By entering your property's estimated assessed value, our calculator applies Polk’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 York. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Polk, York County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variance occurs because each county annually estimates its required budget to provide services, dividing that 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 tax rates and budgets, this is essentially the annual process. In Polk, located in York County, Nebraska, the effective property tax rate stands at 1.96%, which is considerably higher than both the state median of 1.73% and the national median of 1.02%. Polk's property tax bill averages $3,920, surpassing the national median bill of $2,400. This higher tax rate reflects the local government's budgetary needs and the total assessed property value in the area. Comparing Polk’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. highlights the significant variance in property tax rates within the state and across the nation.

Property Tax Rates Across Polk, York County, Nebraska

Source: Ownwell

0.96%

1.37%

1.78%

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 Polk Tax Rate

0.96%

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 Polk, York County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68654	0.96%	0.96%	0.96%	0.96%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Polk, York County, Nebraska

When examining property taxes in Polk, 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'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 York 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 Polk. For example, the median home price in Polk is $158,751, with tax bills ranging significantly across the county. Zip code 68654 has the highest median home price at $158,751.

Property Tax Assessment Values Across Polk, York County, Nebraska

Source: Ownwell

$46,650

$102,701

$158,751

Median Polk Market Value

$158,751

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 Polk, York County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68654	$83,794	$106,384	$158,751	$276,993	$327,809

Source: Ownwell

Property Tax Bills Across Polk, York County, Nebraska

In Polk, Nebraska, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, reflecting its worth based on local real estate conditions. Various factors influence this, including property size, location, and improvements. Homeowners in Polk may find their tax bills vary significantly, with amounts ranging from $1,019 at the 25th percentile to $3,140 at the 90th percentile. The median tax bill in the area is notably lower than the national median of $2,400. This can be advantageous for homeowners, but it also highlights the importance of ensuring assessments are accurate to avoid overpaying. Ownwell assists homeowners by analyzing property assessments and identifying potential discrepancies. By appealing incorrect assessments, Ownwell can help reduce property tax bills, ensuring homeowners pay only their fair share. This not only saves money but also provides peace of mind, knowing their tax obligations are in check.

Property Tax Bills Across Polk, York County, Nebraska

Source: Ownwell

$641

$1,388

$2,135

Median Polk Tax Bill

$1,521

Median York County Tax Bill

$1,911

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Polk, York County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68654	$803	$1,019	$1,521	$2,653	$3,140

Source: Ownwell