Miller, Buffalo County, Nebraska Property Taxes
The median property tax rate in Miller, NE is 1.82%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Miller, the typical annual property tax bill reaches $1,528, which is below the national median of $2,690. Property taxes in Miller 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 Miller'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 Miller 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
Miller, Buffalo County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,497
$1,389
Ownwell’s Miller Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Miller with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Miller 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 Miller, Buffalo County, Nebraska
Property taxes in Miller, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miller is 1.82%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Miller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miller 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 Miller's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68858 zip code has both the highest and lowest median property tax rate of 1.82%. Understanding how these areas compare with Miller provides valuable insights into the varying tax landscape across Buffalo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miller Tax Rate
1.82%
Average Buffalo County Tax Rate
1.75%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miller, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68858 | 1.24% | 1.43% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Miller, Buffalo County, Nebraska
In Miller, 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 Buffalo 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 Miller, 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 Miller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Miller is $1,528, while the lowest is also $1,528, both in zip code 68858.
Property Tax Assessment Values Across Miller, Buffalo County, Nebraska
Source: Ownwell
$82,235
$159,220
$236,205
Average Miller Assessed Value
$82,235
Average Buffalo County Assessed Value
$185,962
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miller, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68858 | $13,504 | $39,235 | $82,235 | $257,605 | $668,193 |
Source: Ownwell
Property Tax Bills Across Miller, Buffalo County, Nebraska
In Miller, located in Buffalo County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value and applies an assessment ratio. Homeowners in Miller face a median property tax rate of 1.86%, which is significantly higher than the national median of 0.99%. For a median home price of $82,235, this results in an average tax bill of approximately $1,528. Factors influencing the tax bill include the property's location, size, and any improvements made. Additionally, local government budgets and school funding requirements play a crucial role in determining the tax rate. The tax burden can vary widely; for example, the 25th percentile tax bill is $567, while the 75th percentile reaches $3,780, and the 90th percentile climbs to $8,742. This variability impacts homeowners differently, with those owning higher-valued properties or living in areas with higher tax rates bearing a larger financial burden.
Average Miller Tax Bill
$1,528
Average Buffalo County Tax Bill
$3,186
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Miller, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68858 | $177 | $567 | $1,528 | $3,780 | $8,742 |
Source: Ownwell