Mullen, Nebraska Property Taxes
The median property tax rate in Mullen, NE is 1.07%, which is slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Mullen at $51,681, the typical annual property tax bill is around $576, significantly below the national median of $2,690. Property taxes in Mullen are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mullen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mullen or another part of Hooker County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mullen, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$553
Ownwell’s Mullen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mullen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mullen to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mullen, Nebraska
Property taxes in Mullen, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mullen is 1.07%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Mullen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mullen estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mullen's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69152 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these cities compare with Mullen provides valuable insights into the varying tax landscape across Hooker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mullen Tax Rate
1.07%
Average Hooker County Tax Rate
1.07%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mullen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69152 | 0.81% | 0.89% | 1.07% | 1.13% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Mullen, Nebraska
In Mullen, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hooker County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mullen, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mullen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $576.00, found in the 69152 zip code.
Average Mullen Assessed Value
$51,681
Average Hooker County Assessed Value
$52,016
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mullen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69152 | $14,157 | $29,106 | $51,681 | $94,470 | $208,459 |
Source: Ownwell
Property Tax Bills Across Mullen, Nebraska
In Mullen, Hooker County, NE, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $51,681, homeowners in Mullen can expect varying tax bills. The 25th percentile tax bill is $319, while the 75th percentile tax bill is $1,052, and the 90th percentile tax bill can go up to $2,211. These tax bills are influenced by several factors, including property size, location, and market conditions. The highest and lowest median tax bills in the area are both $576, indicating a relatively consistent tax rate across the region. Compared to the national median property tax rate of 0.99%, Mullen's tax rates provide a benchmark for homeowners to understand their financial obligations better. These taxes fund essential local services like schools, roads, and emergency services, directly impacting the quality of life in the community.
Average Mullen Tax Bill
$576
Average Hooker County Tax Bill
$581
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Mullen, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69152 | $145 | $319 | $576 | $1,052 | $2,211 |
Source: Ownwell