Phelps County, Nebraska Property Taxes
Median Phelps County effective property tax rate: 1.69%, significantly higher than the national median of 1.02%.
Median Phelps County home value: $118,096
Median annual Phelps County tax bill: $1,908, $492 lower than the national median property tax bill of $2,400.
How are property taxes in Phelps County calculated?
Property taxes in Phelps 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 Holdrege or another part of Phelps County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Phelps County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.69%
Estimate Property Tax Bill
$1,996
$1,852
Property Tax Rates Across Phelps County, Nebraska
Local government entities determine tax rates, which can differ significantly within a state. This variation is due to the annual process where each county estimates its required budget to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the core of the process.
In Phelps County, Nebraska, the effective property tax rate is 1.69%, which is notably higher than the national median property tax rate of 1.02%. Within Nebraska, Phelps County's rate is higher than Wilcox, which has the lowest median tax rate of 1.05%, yet lower than Bertrand, which has the highest at 2.14%. This comparison highlights the variability of property tax rates not only within Nebraska but also in relation to the national average. Understanding these differences can provide valuable insights for property owners considering tax appeal or exemption services.
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 Phelps County Tax Rate
1.69%
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 Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Phelps County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | 1.16% | 1.16% | 1.16% | 1.16% | 1.51% |
| Axtell | 1.03% | 1.12% | 1.13% | 1.13% | 1.13% |
| Bertrand | 1.12% | 1.14% | 2.14% | 2.14% | 2.14% |
| Elm Creek | 1.19% | 1.28% | 1.31% | 1.41% | 1.41% |
| Funk | 1.13% | 1.13% | 1.33% | 1.48% | 1.48% |
| Holdrege | 1.28% | 1.69% | 1.69% | 1.69% | 1.69% |
| Kearney | 1.41% | 1.47% | 1.48% | 1.48% | 1.48% |
| Loomis | 0.94% | 0.96% | 1.33% | 1.33% | 1.33% |
| Overton | 0.93% | 1.20% | 1.21% | 1.22% | 1.23% |
| Wilcox | 1.04% | 1.04% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Phelps County, Nebraska
When examining property taxes in Phelps 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 Phelps 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 Phelps 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 Phelps County. For example, the median tax bill in Phelps County is $2,400, with tax bills ranging significantly across the county. Overton has the highest median home price at $351,729.
Median Phelps County Market Value
$118,096
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Phelps County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $5,100 | $15,968 | $35,475 | $90,765 | $132,628 |
| Axtell | $147,131 | $188,625 | $330,022 | $965,461 | $1,534,538 |
| Bertrand | $27,776 | $58,665 | $109,770 | $192,763 | $542,619 |
| Elm Creek | $135,560 | $186,399 | $345,947 | $630,084 | $976,486 |
| Funk | $20,177 | $75,558 | $186,060 | $315,146 | $778,159 |
| Holdrege | $27,880 | $64,010 | $112,752 | $186,434 | $304,673 |
| Kearney | $157,284 | $237,735 | $285,027 | $362,280 | $1,626,681 |
| Loomis | $37,070 | $76,465 | $133,142 | $240,378 | $718,200 |
| Overton | $92,655 | $225,512 | $351,729 | $790,775 | $1,051,937 |
| Wilcox | $113,570 | $188,178 | $279,168 | $443,537 | $990,112 |
Source: Ownwell
Property Tax Bills Across Phelps County, Nebraska
Median Phelps County Tax Bill
$1,908
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Phelps County, Nebraska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlanta | $66 | $171 | $414 | $1,081 | $1,637 |
| Axtell | $1,668 | $2,138 | $3,733 | $10,776 | $16,256 |
| Bertrand | $569 | $1,149 | $1,984 | $3,413 | $6,611 |
| Elm Creek | $1,668 | $2,331 | $4,541 | $8,172 | $12,809 |
| Funk | $300 | $1,058 | $2,508 | $3,986 | $9,255 |
| Holdrege | $425 | $1,004 | $1,848 | $3,027 | $4,964 |
| Kearney | $2,322 | $3,432 | $4,205 | $5,344 | $22,023 |
| Loomis | $409 | $939 | $1,713 | $2,858 | $7,229 |
| Overton | $1,120 | $2,305 | $4,831 | $8,831 | $11,726 |
| Wilcox | $1,325 | $2,131 | $2,946 | $4,656 | $10,261 |
Source: Ownwell