Morrill, Nebraska Property Taxes
The median property tax rate in Morrill, Nebraska is 2.09%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Morrill, the typical annual property tax bill reaches $1,847, which is below the national median of $2,690. Property taxes in Morrill are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morrill'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 Morrill or another part of Scotts Bluff County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morrill, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$2,061
Ownwell’s Morrill Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Morrill. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Morrill to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, localized information on neighborhood trends is available by scrolling down. Your property’s assessed value, determined by the county, takes into account any applicable exemptions, ensuring an accurate calculation for property tax purposes.
Property Tax Rates Across Morrill, Nebraska
Property taxes in Morrill, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morrill is 2.09%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Morrill set these rates annually, and they can vary across different neighborhoods. Each year, Morrill 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 Morrill's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69358 has both the highest and lowest median property tax rate of 2.09%. Understanding how these cities compare with Morrill provides valuable insights into the varying tax landscape across Scotts Bluff County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morrill Tax Rate
2.09%
Average Scotts Bluff County Tax Rate
2.03%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morrill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69358 | 1.66% | 1.67% | 2.09% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Morrill, Nebraska
In Morrill, 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 Scotts Bluff County Assessor 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 Morrill, 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 Morrill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Morrill, the median home price is $98,618. The zip code with the highest median tax bill is 69358, with a value of $1,847. The same zip code also has the lowest median tax bill at $1,847.
Average Morrill Assessed Value
$98,618
Average Scotts Bluff County Assessed Value
$107,015
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morrill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69358 | $18,714 | $51,749 | $98,618 | $153,995 | $245,818 |
Source: Ownwell
Property Tax Bills Across Morrill, Nebraska
In Morrill, located in Scotts Bluff County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence this assessed value. For instance, the median home price in Morrill is $98,618. Tax bills can vary significantly, with the 25th percentile at $939 and the 75th percentile reaching $2,843. The 90th percentile tax bill is even higher at $4,483. These figures highlight the range of tax burdens homeowners may face depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Morrill's property tax rates can be relatively moderate or steep, depending on individual circumstances. Homeowners must be mindful of these factors as they can significantly impact annual expenses. Understanding how these elements interact helps homeowners better anticipate their financial obligations.
Average Morrill Tax Bill
$1,847
Average Scotts Bluff County Tax Bill
$2,080
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Morrill, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69358 | $285 | $939 | $1,847 | $2,843 | $4,483 |
Source: Ownwell