Mc Cook, Red Willow County, Nebraska Property Taxes

Name: Property Tax Bills Across Mc Cook, Red Willow County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median MC COOK, NE effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median MC COOK, NE home value: $108,138
Median annual MC COOK, NE tax bill: $1,770, $630 lower than the national median property tax bill of $2,400.

How are property taxes in Red Willow calculated?

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

Last Updated March 1, 2025

Mc Cook, Red Willow County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.75%

Estimate Property Tax Bill

$1,892

$1,756

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

Property Tax Rates Across Mc Cook, Red Willow County, Nebraska

Local government entities determine tax rates, which can vary widely within a state. This variance occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In MC COOK, located in Red Willow County, NE, the effective property tax rate stands at 1.75%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Nebraska, MC COOK's rate is among the highest, reflecting the county's budgetary needs and property values. The median property tax rate in Nebraska is aligned with MC COOK's rate, indicating a consistency within the state. However, it remains significantly above the national median, emphasizing the importance of understanding local tax dynamics. This comparison highlights the necessity for property owners to be aware of their local tax rates and how they compare on a broader scale.

Property Tax Rates Across Mc Cook, Red Willow County, Nebraska

Source: Ownwell

1.29%

1.52%

1.75%

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 Mc Cook Taxx Rate

1.75%

Median Effective Red Willow County Taxx Rate

1.75%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Mc Cook, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69001	1.38%	1.75%	1.75%	1.75%	1.75%

Source: Ownwell

Property Tax Assessment Values Across Mc Cook, Red Willow County, Nebraska

When examining property taxes in MC COOK, 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 Red Willow 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 Red Willow 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 MC COOK. For example, the median home price in MC COOK is $108,138, with tax bills ranging significantly across the county. Zip code 69001 has the highest median home price at $108,138.

Property Tax Assessment Values Across Mc Cook, Red Willow County, Nebraska

Source: Ownwell

$14,033

$179,820

$345,607

Median Mc Cook Market Value

$108,138

Median Red Willow County Market Value

$101,885

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Mc Cook, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69001	$27,798	$61,208	$108,138	$173,493	$256,100

Source: Ownwell

Property Tax Bills Across Mc Cook, Red Willow County, Nebraska

In MC COOK, located in Red Willow County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, and local tax authorities set the rate, which can vary based on budgetary needs. For homeowners, understanding this calculation is crucial as it directly impacts their annual expenses. With a median home price of $108,138, residents can expect their tax bills to vary significantly. For instance, the 25th percentile of tax bills is around $980, while the 75th percentile reaches $2,884, demonstrating the range of potential costs. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, MC COOK's property tax scenario presents both challenges and opportunities for savings. Ownwell can assist homeowners by identifying potential discrepancies in assessed values and ensuring they benefit from all available exemptions, potentially reducing their tax burden and maximizing savings.

Property Tax Bills Across Mc Cook, Red Willow County, Nebraska

Source: Ownwell

$217

$2,471

$4,724

Median Mc Cook Tax Bill

$1,770

Median Red Willow County Tax Bill

$1,615

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Mc Cook, Red Willow County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69001	$376	$980	$1,770	$2,884	$4,146

Source: Ownwell