Mclean, Nebraska Property Taxes
The median property tax rate in McLean, Nebraska is 1.07%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in McLean at $257,330, the typical annual property tax bill amounts to $2,558, slightly below the national median of $2,690. Property taxes in McLean are determined based on the tax assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding McLean'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 McLean or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mclean, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,753
Ownwell’s McLean Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McLean with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McLean to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more granular trends, you can explore localized information by scrolling down. Your property’s assessed value, assigned by the county for tax calculations, takes into account any applicable exemptions, ensuring you get a comprehensive estimate.
Property Tax Rates Across Mclean, Nebraska
Property taxes in McLean, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McLean is 1.07%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within McLean set these rates annually, and they can vary significantly across different neighborhoods. Each year, McLean 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 McLean's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68747 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these cities compare with McLean provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mclean Tax Rate
1.07%
Average Pierce County Tax Rate
1.46%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mclean, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68747 | 0.76% | 0.77% | 1.07% | 1.22% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Mclean, Nebraska
In McLean, 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 Pierce 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 McLean, 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 McLean helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,558 in zip code 68747, while the lowest is also $2,558 in the same zip code.
Average Mclean Assessed Value
$257,330
Average Pierce County Assessed Value
$145,155
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mclean, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68747 | $25,921 | $46,305 | $257,330 | $550,328 | $784,186 |
Source: Ownwell
Property Tax Bills Across Mclean, Nebraska
In McLean, located in Pierce County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in McLean experience a median property tax rate that is reflective of the state's guidelines, with a national median property tax rate standing at 0.99%. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. For instance, a home with a median market price of $257,330 can expect property tax bills ranging from $761 at the 25th percentile to $8,622 at the 90th percentile, depending on various factors such as property improvements and neighborhood changes. This financial obligation can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors helps homeowners anticipate their property tax responsibilities and manage their finances more effectively.
Average Mclean Tax Bill
$2,558
Average Pierce County Tax Bill
$2,274
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Mclean, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68747 | $307 | $761 | $2,558 | $5,147 | $8,622 |
Source: Ownwell