Miller, Nebraska Property Taxes
The median property tax rate in Miller, NE is 1.42%, 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 $4,960, exceeding 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, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$4,957
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, 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 1.42%, significantly higher than both the Nebraska state median of 1.61% 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 1.42%. Understanding how these cities compare with Miller provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miller Tax Rate
1.42%
Average Dawson County Tax Rate
1.81%
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 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
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 Dawson 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 zip code 68858 has the highest and lowest median tax bill, both at $4,960.
Average Miller Assessed Value
$349,110
Average Dawson County Assessed Value
$101,091
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 | $349,110 | $349,110 | $349,110 | $349,110 | $349,110 |
Source: Ownwell
Property Tax Bills Across Miller, Nebraska
Property tax bills in Miller, located in Dawson County, NE, are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Homeowners in Miller face a median property tax bill of $4,960, which is considerably higher than the national median property tax rate of 0.99%. This tax bill can significantly impact homeowners, as it represents a substantial annual expense that must be budgeted for. The uniformity in tax bills, as seen with the 25th, 75th, and 90th percentiles all at $4,960, indicates a standardized approach in the region. Factors such as property improvements, location, and market conditions can influence the assessed value, thereby affecting the final tax bill. Understanding these components helps homeowners anticipate their financial obligations and plan accordingly.
Average Miller Tax Bill
$4,960
Average Dawson County Tax Bill
$1,900
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 | $4,960 | $4,960 | $4,960 | $4,960 | $4,960 |
Source: Ownwell