Holdrege, Phelps County, Nebraska Property Taxes
Median Holdrege, NE effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Holdrege, NE home value: $112,752
Median annual Holdrege, NE tax bill: $1,848, $552 lower than the national median property tax bill of $2,400.
How are property taxes in Phelps County calculated?
Property taxes in Holdrege, 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 Holdrege’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holdrege, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holdrege, 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
$1,906
$1,768
Property Tax Rates Across Holdrege, Phelps County, Nebraska
Local government entities set tax rates, which can vary widely within a state. 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.
HOLDREGE in Phelps County, NE, has an effective property tax rate of 1.69%, which aligns with the highest median tax rate within the state. This rate is notably higher than the national median property tax rate of 1.02%. Consequently, property owners in HOLDREGE may find themselves paying more in property taxes compared to the average American homeowner. However, it is essential to consider the local services and benefits funded by these taxes, which contribute to the community's overall quality of life. By understanding the local tax landscape, property owners can make informed decisions and explore potential avenues for appealing or reducing their property tax burden.
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 Holdrege 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 Phelps County Tax Rate
1.69%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Holdrege, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68949 | 1.28% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Holdrege, Phelps County, Nebraska
When examining property taxes in Holdrege, 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 Phelps County Appraisal District 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 Phelps 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 Holdrege.
For example, the median home price in Holdrege is $112,752, with tax bills ranging significantly across the county. The zip code 68949 has the highest median home price at $112,752.
Property Tax Assessment Values Across Holdrege, Phelps County, Nebraska
Source: Ownwell
$35,475
$193,602
$351,729
Median Holdrege Market Value
$112,752
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 Holdrege, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68949 | $27,880 | $64,010 | $112,752 | $186,434 | $304,673 |
Source: Ownwell
Property Tax Bills Across Holdrege, Phelps County, Nebraska
In Holdrege, located in Phelps County, NE, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $112,752, and the tax bill can vary significantly based on the property's assessed value. Homeowners in Holdrege typically face a median tax bill of $1,848, slightly below the national median of $2,400. The tax bill can range from the 25th percentile at $1,004 to the 90th percentile at $4,964, reflecting the diversity in property values and tax assessments.
Several factors influence the property tax bill, including the property's location, its assessed value, and any applicable exemptions. These elements collectively determine the financial obligation of homeowners. For those seeking to reduce their tax burden, Ownwell offers expert property tax appeal and exemption services. By leveraging local market knowledge and tax expertise, Ownwell helps homeowners navigate the complexities of property tax assessments, potentially saving them money and ensuring their tax bills are fair and accurate.
Median Holdrege Tax Bill
$1,848
Median Phelps County Tax Bill
$1,908
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Holdrege, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68949 | $425 | $1,004 | $1,848 | $3,027 | $4,964 |
Source: Ownwell