Mcpherson County, Nebraska Property Taxes

Name: Property Tax Bills Across Mcpherson County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median McPherson County effective property tax rate: 0.94%, significantly lower than the national median of 1.02%.
Median McPherson County home value: $134,878
Median annual McPherson County tax bill: $1,297, $1,103 lower than the national median property tax bill of $2,400.

How are property taxes in McPherson County calculated?

Property taxes in McPherson County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Tryon or another part of McPherson County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mcpherson County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$1,268

$1,177

Ownwell’s McPherson County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McPherson County with just two data points. By entering your property's estimated assessed value, our calculator applies McPherson County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in McPherson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mcpherson County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare McPherson County's effective property tax rate to other counties in Nebraska or the U.S. median property tax rate.

Property Tax Rates Across Mcpherson County, Nebraska

Source: Ownwell

0.94%

0.95%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mcpherson County Tax Rate

0.94%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mcpherson County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
North Platte	0.92%	0.93%	0.94%	0.94%	0.94%
Sutherland	0.93%	0.93%	0.94%	0.94%	0.95%
Tryon	0.93%	0.93%	0.95%	0.95%	0.95%
Stapleton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mcpherson County, Nebraska

When examining property taxes in McPherson County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McPherson County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In McPherson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in McPherson County.

For example, the median tax bill in McPherson County is $2,400, with tax bills ranging significantly across the county. Sutherland has the highest median home price at $407,932.

Property Tax Assessment Values Across Mcpherson County, Nebraska

Source: Ownwell

$104,812

$256,372

$407,932

Median Mcpherson County Market Value

$134,878

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mcpherson County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
North Platte	$87,522	$130,880	$177,049	$290,094	$373,520
Sutherland	$43,804	$339,372	$407,932	$506,744	$718,844
Tryon	$14,614	$47,832	$104,812	$326,037	$462,039
Stapleton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mcpherson County, Nebraska

In McPherson County, Nebraska, property tax bills are calculated based on assessed property values and the local tax rate. Homeowners in this region experience varying tax bills due to differences in property values and assessment ratios. The median home price in McPherson County is $134,878, which plays a significant role in determining the property tax bill. The tax bill at the 25th percentile is $483, while at the 75th percentile, it rises to $3,320, showing considerable variation based on property value and location within the county. The highest median tax bill in the area is found in Sutherland, at $3,812, whereas Tryon has the lowest at $982. These figures illustrate how property tax burdens can differ significantly, impacting homeowners' financial obligations. Compared to the national median property tax bill of $2,400, McPherson County's tax bills can be either more manageable or more burdensome, depending on the property's assessed value. Understanding these factors is crucial for homeowners when planning their financial commitments.

Property Tax Bills Across Mcpherson County, Nebraska

Source: Ownwell

$982

$2,397

$3,812

Median Mcpherson County Tax Bill

$1,297

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Mcpherson County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
North Platte	$822	$1,234	$1,662	$2,666	$3,383
Sutherland	$416	$3,167	$3,812	$4,901	$6,698
Tryon	$105	$373	$982	$3,102	$4,385
Stapleton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell