Merna, Nebraska Property Taxes
The median property tax rate in Merna, NE is 1.19%, 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 Merna at $91,436, the typical annual property tax bill is $937, which falls well below the national median of $2,690. Property taxes in Merna are calculated based on the tax assessed value, which often is less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Merna'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 Merna 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
Merna, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,088
$1,010
Ownwell’s Merna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Merna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Merna 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 Merna, Nebraska
Property taxes in Merna, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Merna is 1.19%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Merna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Merna 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 Merna's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68856 zip code has the highest median property tax rate of 1.19%, while the 68856 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Merna provides valuable insights into the varying tax landscape across Custer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Merna Tax Rate
1.19%
Average Custer County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68856 | 0.90% | 0.92% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Merna, Nebraska
In Merna, 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 Custer 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 Merna, 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. The median home price in Merna is $91,436, with tax bills ranging from $438 at the 25th percentile to $5,337 at the 90th percentile. Being aware of these valuation processes in Merna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Merna Assessed Value
$91,436
Average Custer County Assessed Value
$99,711
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Merna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68856 | $16,078 | $39,354 | $91,436 | $217,047 | $563,237 |
Source: Ownwell
Property Tax Bills Across Merna, Nebraska
In Merna, located in Custer 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 and reflects the market value of the property. For instance, with a median home price of $91,436, homeowners can expect their tax bill to vary significantly depending on the assessed value and applicable exemptions. Factors such as property location, improvements, and market conditions are considered in the assessment process. Homeowners in Merna might see tax bills as low as $438 at the 25th percentile, while those at the 75th percentile could face bills around $2,322. At the higher end, the 90th percentile tax bill reaches up to $5,337. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding how these taxes are calculated helps homeowners better anticipate their financial obligations and plan accordingly.
Average Merna Tax Bill
$937
Average Custer County Tax Bill
$1,435
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Merna, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68856 | $156 | $438 | $937 | $2,322 | $5,337 |
Source: Ownwell