Miller, Nebraska Property Taxes
The median property tax rate in Miller, Nebraska is 1.33%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $886,990 in Miller, the typical annual property tax bill reaches $10,912, significantly exceeding the national median of $2,690. Property taxes in Miller are calculated based on the tax assessed value, which is often lower than the market value due to 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, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$11,797
$10,947
Ownwell’s Miller Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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, Nebraska
Property taxes in Miller, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Miller is 1.33%, 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 the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Miller 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 Miller Tax Rate
1.33%
Average Custer County Tax Rate
1.38%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miller, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68858 | 1.25% | 1.28% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Miller, 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 Custer 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. For instance, the highest median tax bill in Miller is $10,912 in zip code 68858, which is also the lowest median tax bill.
Average Miller Assessed Value
$886,990
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 Miller, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68858 | $446,551 | $611,716 | $886,990 | $1,099,652 | $1,227,250 |
Source: Ownwell
Property Tax Bills Across Miller, Nebraska
In Miller, located in Custer County, NE, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the total tax bill. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Miller is $886,990, which is significantly higher than the national median home price. Consequently, homeowners in Miller face higher property tax bills compared to the national median property tax rate of 0.99%. For instance, the tax bill at the 25th percentile is $7,699, while at the 75th percentile, it reaches $14,156. At the 90th percentile, homeowners could see a tax bill as high as $16,102. These figures highlight the substantial financial impact property taxes can have on homeowners in Miller, making it crucial for them to understand how their tax bills are determined and explore any available exemptions or appeal options to potentially reduce their tax burden.
Average Miller Tax Bill
$10,912
Average Custer County Tax Bill
$1,435
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Miller, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68858 | $5,771 | $7,699 | $10,912 | $14,156 | $16,102 |
Source: Ownwell