Trumbull, Adams County, Nebraska Property Taxes

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

Median Trumbull, NE effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Trumbull, NE home value: $197,284
Median annual Trumbull, NE tax bill: $2,859, $459 higher than the national median property tax bill of $2,400.

How are property taxes in Adams County calculated?

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

Last Updated March 1, 2025

Trumbull, Adams County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.46%

Estimate Property Tax Bill

$2,880

$2,673

Ownwell’s Trumbull Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Trumbull with just two data points. By entering your property's estimated assessed value, our calculator applies Trumbull’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 31001. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Trumbull, Adams County, Nebraska

Local government entities determine property tax rates, which can differ significantly within a state. This variation arises because each county calculates its necessary budget for services annually and divides it by the total assessed value of all taxable property within its jurisdiction. This process results in the property tax rate. While voting and legislation play roles in setting these rates and budgets, this calculation is the core of the annual process.

In Trumbull, located in Adams County, Nebraska, property tax rates reflect this method. By comparing Trumbull’s effective property tax rate to other cities in Nebraska, as well as to the median property tax rates in Nebraska and across the U.S., you can gain insight into how local rates stack up. Nebraska's median property tax rate is notably higher than the national median of 1.02%, which can impact property owners in different ways. Understanding these rates is crucial for property owners who want to ensure they are not overpaying on their property taxes.

Property Tax Rates Across Trumbull, Adams County, Nebraska

Source: Ownwell

1.10%

1.67%

2.25%

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 Trumbull Tax Rate

1.46%

Median Effective Adams County Tax Rate

2.25%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Trumbull, Adams County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68980	1.28%	1.28%	1.46%	1.46%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Trumbull, Adams County, Nebraska

When examining property taxes in Trumbull, 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 Adams 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.

In Adams 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 Trumbull. For example, the median home price in Trumbull is $197,284, with tax bills ranging significantly across the county. Zip code 68980 has the highest median home price at $197,284.

Property Tax Assessment Values Across Trumbull, Adams County, Nebraska

Source: Ownwell

$56,732

$296,748

$536,763

Median Trumbull Market Value

$197,284

Median Adams County Market Value

$124,114

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Trumbull, Adams County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68980	$107,285	$137,829	$197,284	$304,385	$820,861

Source: Ownwell

Property Tax Bills Across Trumbull, Adams County, Nebraska

In Trumbull, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. With a median home price of $197,284, homeowners in Trumbull can expect varying tax bills. The 25th percentile tax bill is $2,003, while the 75th percentile reaches $4,423. For those at the higher end, the 90th percentile tax bill can be as high as $9,996. The median tax bill in the area is notably higher than the national median of $2,400, highlighting the potential financial strain on homeowners. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By leveraging expertise and local knowledge, Ownwell can help identify discrepancies in assessments, ensuring homeowners pay only their fair share, thus alleviating the financial burden.

Property Tax Bills Across Trumbull, Adams County, Nebraska

Source: Ownwell

$893

$3,407

$5,920

Median Trumbull Tax Bill

$2,859

Median Adams County Tax Bill

$2,530

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Trumbull, Adams County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68980	$1,292	$2,003	$2,859	$4,423	$9,996

Source: Ownwell