Silver Creek, Merrick County, Nebraska Property Taxes

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

Median Silver Creek, NE effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Silver Creek, NE home value: $80,835
Median annual Silver Creek, NE tax bill: $1,170, $1,230 lower than the national median property tax bill of $2,400.

How are property taxes in Merrick County calculated?

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

Last Updated March 1, 2025

Silver Creek, Merrick County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$1,285

$1,193

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

Property Tax Rates Across Silver Creek, Merrick County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 Silver Creek’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Silver Creek, located in Merrick County, reflects Nebraska's median property tax rate of 1.59%, which is significantly higher than the national median of 1.02%. This means that property owners in Silver Creek pay more in property taxes compared to the national average. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions, potentially leading to substantial savings.

Property Tax Rates Across Silver Creek, 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 Silver Creek Tax Rate

1.59%

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 Silver Creek, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68663	1.10%	1.11%	1.59%	1.59%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Silver Creek, Merrick County, Nebraska

When examining property taxes in Silver Creek, NE, 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 March. 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 Silver Creek.

For example, the median home price in Silver Creek is $80,835, with tax bills ranging significantly across the county. 68663 has the highest median home price at $80,835.

Property Tax Assessment Values Across Silver Creek, Merrick County, Nebraska

Source: Ownwell

$80,835

$146,753

$212,670

Median Silver Creek Market Value

$80,835

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 Silver Creek, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68663	$17,166	$47,754	$80,835	$171,595	$284,290

Source: Ownwell

Property Tax Bills Across Silver Creek, Merrick County, Nebraska

In Silver Creek, located in Merrick County, NE, property tax bills are calculated based on the assessed value of a home, typically a percentage of its market value, multiplied by the local tax rate. With a median home price of $80,835, homeowners in Silver Creek often find their tax bills influenced by various factors, including local government budgets and school funding needs. The median property tax bill in this area can range significantly, with the 25th percentile at $648 and the 90th percentile reaching $3,357. Compared to the national median property tax bill of $2,400, Silver Creek's figures can be both lower and higher, depending on the home's assessed value and the specific tax rate applied. Many homeowners may find these tax obligations challenging, impacting their overall financial planning. This is where Ownwell steps in, offering property tax appeal and exemption services to help homeowners potentially lower their tax burdens. By leveraging expert knowledge and tailored strategies, Ownwell assists homeowners in navigating the complexities of property taxation, ensuring they pay only what is necessary.

Property Tax Bills Across Silver Creek, Merrick County, Nebraska

Source: Ownwell

$1,170

$1,860

$2,550

Median Silver Creek Tax Bill

$1,170

Median Merrick County Tax Bill

$1,907

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Silver Creek, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68663	$245	$648	$1,170	$2,202	$3,357

Source: Ownwell