Mcgrew, Nebraska Property Taxes
The median property tax rate in McGrew, NE is 2.13%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in McGrew, the typical annual property tax bill reaches $315, which is below the national median of $2,690. Property taxes in McGrew are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McGrew's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of McGrew or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcgrew, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$379
Ownwell’s McGrew Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McGrew with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McGrew to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mcgrew, Nebraska
Property taxes in McGrew, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McGrew is 2.13%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within McGrew set these rates annually, and they can vary significantly across different neighborhoods. Each year, McGrew estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares McGrew's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69353 zip code has the highest median property tax rate of 2.13%, while the lowest median tax rate is also 2.13% in the same zip code. Understanding how these cities compare with McGrew provides valuable insights into the varying tax landscape across Scotts Bluff County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcgrew Tax Rate
2.13%
Average Scotts Bluff County Tax Rate
2.03%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcgrew, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69353 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Mcgrew, Nebraska
In McGrew, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Scotts Bluff County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In McGrew, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in McGrew helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in McGrew is $17,770, with the highest and lowest median tax bills both reported at $315 in the zip code 69353.
Average Mcgrew Assessed Value
$17,770
Average Scotts Bluff County Assessed Value
$107,015
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcgrew, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69353 | $1,450 | $3,303 | $17,770 | $38,834 | $68,406 |
Source: Ownwell
Property Tax Bills Across Mcgrew, Nebraska
In McGrew, located in Scotts Bluff County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in McGrew experience a median property tax bill of approximately $315, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and condition. The tax bill can vary widely, with the 25th percentile at $61 and the 75th percentile reaching $920. For the top 10% of properties, the tax bill can be as high as $1,464. These variations can affect homeowners' financial planning, making it crucial to understand how local assessments and tax rates impact their annual obligations. By staying informed, homeowners in McGrew can better anticipate and manage their property tax expenses.
Average Mcgrew Tax Bill
$315
Average Scotts Bluff County Tax Bill
$2,080
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcgrew, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69353 | $29 | $61 | $315 | $920 | $1,464 |
Source: Ownwell