Merrick County Property Taxes
The median property tax rate in Merrick County is 1.28%, which is significantly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Merrick County at $135,822, the typical annual property tax bill reaches $1,907, which is below the national median of $2,690. Property taxes in Merrick County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Merrick County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Central City or another part of Merrick County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Merrick County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,739
Ownwell’s Merrick County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Merrick County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Merrick County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Merrick County, Nebraska
Property taxes in Merrick County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Merrick County is 1.28%, which is higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Merrick County set these rates annually, and they can vary significantly between different areas within the county. Each year, Merrick County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Merrick County's effective property tax rate with other counties in Nebraska and the national median. For comparison, the city of Palmer has one of the higher property tax rates in Nebraska at 1.94%, while the city of Marquette boasts one of the lowest at 0.93%. Analyzing how Merrick County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Merrick County Tax Rate
1.28%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Merrick County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archer | 1.27% | 1.28% | 1.29% | 1.29% | 1.29% |
| Central City | 1.27% | 1.28% | 1.64% | 1.64% | 1.64% |
| Chapman | 1.06% | 1.08% | 1.20% | 1.26% | 1.28% |
| Clarks | 0.92% | 0.93% | 0.93% | 1.42% | 1.42% |
| Fullerton | 0.97% | 1.04% | 1.17% | 1.17% | 1.18% |
| Genoa | 0.99% | 1.11% | 1.11% | 1.11% | 1.11% |
| Grand Island | 1.05% | 1.07% | 1.07% | 1.07% | 1.07% |
| Marquette | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
| Palmer | 1.25% | 1.26% | 1.94% | 1.94% | 1.94% |
| Saint Libory | 0.96% | 1.26% | 1.27% | 1.27% | 1.28% |
| Silver Creek | 1.10% | 1.11% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Merrick County, Nebraska
In Merrick County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Merrick County Appraisal District. The assessed value, however, 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. Assessment notices in Merrick County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Fullerton has the highest median tax bill at $8,899, while Silver Creek has the lowest at $1,170. Being aware of these valuation processes in Merrick County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Merrick County, Nebraska
Source: Ownwell
$80,835
$416,635
$752,435
Average Merrick County Assessed Value
$135,822
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Merrick County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archer | $27,194 | $78,010 | $180,935 | $332,175 | $613,087 |
| Central City | $39,678 | $80,136 | $126,772 | $193,076 | $320,036 |
| Chapman | $22,695 | $73,900 | $149,320 | $284,245 | $600,080 |
| Clarks | $21,884 | $64,100 | $164,950 | $350,315 | $554,125 |
| Fullerton | $286,907 | $461,480 | $752,435 | $1,096,068 | $1,302,247 |
| Genoa | $115,036 | $142,205 | $190,585 | $400,592 | $598,741 |
| Grand Island | $39,940 | $82,120 | $174,710 | $236,289 | $427,284 |
| Marquette | $364,215 | $364,215 | $364,215 | $364,215 | $364,215 |
| Palmer | $35,804 | $60,604 | $133,542 | $261,102 | $659,558 |
| Saint Libory | $105,812 | $149,640 | $212,670 | $355,281 | $624,988 |
| Silver Creek | $17,166 | $47,754 | $80,835 | $171,595 | $284,290 |
Source: Ownwell
Property Tax Bills Across Merrick County, Nebraska
In Merrick County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local property tax rate to compute the tax bill. Factors such as property location, size, and improvements can influence the assessed value. For example, the median home price in Merrick County is $135,822. The property tax rate in the area is higher than the national median rate of 0.99%, leading to varying tax bills. Homeowners in the 25th percentile can expect a tax bill around $996, while those in the 75th percentile may see bills up to $3,099. At the 90th percentile, tax bills can reach $5,130. The highest median tax bill in the region is $8,899 in Fullerton, while Silver Creek has the lowest at $1,170. These variations significantly impact homeowners' annual expenses, making it crucial to understand how local property taxes are calculated.
Average Merrick County Tax Bill
$1,907
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Merrick County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archer | $341 | $1,044 | $2,360 | $4,289 | $7,847 |
| Central City | $561 | $1,220 | $1,961 | $2,992 | $4,703 |
| Chapman | $239 | $790 | $1,773 | $3,282 | $6,915 |
| Clarks | $232 | $779 | $1,850 | $3,350 | $5,159 |
| Fullerton | $3,369 | $5,443 | $8,899 | $11,037 | $12,320 |
| Genoa | $576 | $1,369 | $2,112 | $4,437 | $6,621 |
| Grand Island | $415 | $688 | $1,788 | $2,540 | $4,490 |
| Marquette | $3,391 | $3,391 | $3,391 | $3,391 | $3,391 |
| Palmer | $506 | $1,050 | $2,199 | $3,681 | $8,312 |
| Saint Libory | $895 | $1,599 | $2,550 | $4,123 | $7,848 |
| Silver Creek | $245 | $648 | $1,170 | $2,202 | $3,357 |
Source: Ownwell