North Platte, Mcpherson County, Nebraska Property Taxes

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

Median North Platte, NE effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median North Platte, NE home value: $177,049. Median annual North Platte, NE tax bill: $1,662, $738 lower than the national median property tax bill of $2,400.

How are property taxes in McPherson calculated?

Property taxes in North Platte, NE 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 North Platte’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Platte, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

North Platte, 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

$1,664

$1,544

Ownwell’s North Platte Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Platte with just two data points. By entering your property's estimated assessed value, our calculator applies North Platte’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 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 North Platte, Mcpherson County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 North Platte’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. North Platte, located in McPherson County, has a median property tax rate of 0.94%, which aligns with the highest and lowest median tax rates within the same ZIP code. This rate is slightly below the national median property tax rate of 1.02%. With a national median property tax bill of $2400, North Platte residents might find their property tax bills to be relatively more affordable. Understanding these rates can help property owners make informed decisions about their investments and potential savings through property tax appeals and exemptions.

Property Tax Rates Across North Platte, 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 North Platte Tax Rate

0.94%

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 North Platte, Mcpherson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69101	0.92%	0.93%	0.94%	0.94%	0.94%

Source: Ownwell

Property Tax Assessment Values Across North Platte, Mcpherson County, Nebraska

When examining property taxes in North Platte, Nebraska, 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.

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 North Platte. For example, the median home price in North Platte is $177,049, with tax bills ranging significantly across the county. Zip code 69101 has the highest median home price at $177,049.

Property Tax Assessment Values Across North Platte, Mcpherson County, Nebraska

Source: Ownwell

$104,812

$256,372

$407,932

Median North Platte Market Value

$177,049

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 North Platte, Mcpherson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69101	$87,522	$130,880	$177,049	$290,094	$373,520

Source: Ownwell

Property Tax Bills Across North Platte, Mcpherson County, Nebraska

Property tax bills in North Platte are calculated based on the assessed value of a homeowner's property, which is determined by the local taxing authority. The assessed value is a percentage of the market value and is multiplied by the local tax rate to determine the tax bill. In North Platte, homeowners experience a range of property tax bills, with the median bill being $1,662. This is significantly lower than the national median property tax bill of $2,400, making it relatively affordable. However, for those in the higher brackets, taxes can reach up to $3,383, which can be burdensome.

Various factors, such as property improvements and neighborhood changes, can influence assessed values and, subsequently, tax bills. Homeowners can benefit from appealing their property assessments to ensure they are fair and accurate. Ownwell offers expertise in property tax appeals, helping homeowners potentially reduce their tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for savings, providing guidance and support through the appeal process, ultimately helping homeowners save money on their property taxes.

Property Tax Bills Across North Platte, Mcpherson County, Nebraska

Source: Ownwell

$982

$2,397

$3,812

Median North Platte Tax Bill

$1,662

Median Mcpherson County Tax Bill

$1,297

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across North Platte, Mcpherson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69101	$822	$1,234	$1,662	$2,666	$3,383

Source: Ownwell