Central City, Merrick County, Nebraska Property Taxes

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

Median Central City, NE effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Central City, NE home value: $126,772
Median annual Central City, NE tax bill: $1,961, $439 lower than the national median property tax bill of $2,400.

How are property taxes in Merrick County calculated?

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

Last Updated March 1, 2025

Central City, Merrick County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.64%

Estimate Property Tax Bill

$2,079

$1,929

Ownwell’s Central City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Central City with just two data points. By entering your property's estimated assessed value, our calculator applies Central City’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 Merrick County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Central City, Merrick County, Nebraska

Local government entities are responsible for setting property tax rates, which can vary widely across different areas. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how it works annually.

In Central City, located in Merrick County, Nebraska, the effective property tax rate is a reflection of this process. When compared to other cities in Nebraska, Central City's rate offers insight into the variability within the state. The median property tax rate in Nebraska stands at 1.64%, which is notably higher than the national median of 1.02%. This means that property owners in Central City may experience higher property tax bills compared to the national average, where the median property tax bill is $2,400. Understanding these differences is crucial for property owners looking to manage their tax obligations effectively.

Property Tax Rates Across Central City, Merrick County, Nebraska

Source: Ownwell

0.93%

1.43%

1.94%

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 Central City Tax Rate

1.64%

Median Effective Merrick County Tax Rate

1.28%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Central City, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68826	1.27%	1.28%	1.64%	1.64%	1.64%

Source: Ownwell

Property Tax Assessment Values Across Central City, Merrick County, Nebraska

When examining property taxes in Central City, 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 Merrick County Assessor 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 Merrick County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Central City. For example, the median home price in Central City is $126,772, with tax bills ranging significantly across the county. Zip code 68826 has the highest median home price at $126,772.

Property Tax Assessment Values Across Central City, Merrick County, Nebraska

Source: Ownwell

$80,835

$146,753

$212,670

Median Central City Market Value

$126,772

Median Merrick County Market Value

$135,822

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Central City, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68826	$39,678	$80,136	$126,772	$193,076	$320,036

Source: Ownwell

Property Tax Bills Across Central City, Merrick County, Nebraska

In Central City, Merrick County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which in Central City has a median of $126,772. The tax bill can vary significantly, with the 25th percentile at $1,220 and the 75th percentile reaching $2,992. This range highlights how property assessments and local tax rates impact what homeowners ultimately pay. The highest and lowest median tax bills in the area are both $1,961, indicating a consistent tax burden across different neighborhoods. Compared to the national median property tax bill of $2,400, Central City homeowners generally face a lower tax burden. However, fluctuations in assessed values or tax rates can still lead to unexpectedly high bills. Ownwell provides expert property tax appeal services, helping homeowners challenge their assessments and secure exemptions. By leveraging local expertise, Ownwell ensures homeowners in Central City can potentially reduce their tax bills, making homeownership more affordable.

Property Tax Bills Across Central City, Merrick County, Nebraska

Source: Ownwell

$1,170

$1,860

$2,550

Median Central City Tax Bill

$1,961

Median Merrick County Tax Bill

$1,907

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Central City, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68826	$561	$1,220	$1,961	$2,992	$4,703

Source: Ownwell