Mullen, Cherry County, Nebraska Property Taxes

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

Median Mullen, NE effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Mullen, NE home value: $184,349
Median annual Mullen, NE tax bill: $1,406, $994 lower than the national median property tax bill of $2,400.

How are property taxes in Cherry calculated?

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

Last Updated March 1, 2025

Mullen, Cherry County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$1,309

$1,215

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

Property Tax Rates Across Mullen, Cherry County, Nebraska

Local government entities determine property tax rates, which can differ significantly across regions. This variation occurs because each county annually calculates its necessary budget to deliver services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the yearly procedure.

In Mullen, located in Cherry County, Nebraska, the effective property tax rate is a key consideration for property owners. The median property tax rate in Nebraska is 1.54%, which is notably higher than the national median of 1.02%. This suggests that property owners in Nebraska, including those in Mullen, may face higher tax obligations compared to the national average. Furthermore, the median property tax bill in Nebraska is $2,689, surpassing the national median property tax bill of $2,400.

Understanding these figures can help property owners in Mullen make informed decisions about their property tax obligations and potential savings. Comparing local rates to state and national medians provides valuable insights into how Mullen's property tax landscape fits within broader trends.

Property Tax Rates Across Mullen, Cherry County, Nebraska

Source: Ownwell

0.65%

0.92%

1.18%

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 Mullen Tax Rate

0.71%

Median Effective Cherry County Tax Rate

0.87%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mullen, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69152	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mullen, Cherry County, Nebraska

When examining property taxes in Mullen, 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 Cherry County Assessor 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 Cherry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Mullen. For example, the median home price in Mullen is $184,349, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mullen, Cherry County, Nebraska

Source: Ownwell

$38,361

$187,352

$336,343

Median Mullen Market Value

$184,349

Median Cherry County Market Value

$139,100

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mullen, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69152	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mullen, Cherry County, Nebraska

In Mullen, located in Cherry County, NE, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The median home price here is $184,349. Property tax rates in Mullen are influenced by local budget needs, including education and infrastructure. The tax bill for homeowners in the 25th percentile is $798, while those in the 75th percentile pay around $1,440. At the 90th percentile, the tax bill is approximately $1,460. Compared to the national median property tax bill of $2,400, Mullen's property tax bills are relatively lower. However, these taxes can still significantly impact homeowners' finances, especially when combined with other expenses. Ownwell provides valuable services that can help homeowners in Mullen reduce their property tax bills. By analyzing property assessments and identifying potential savings, Ownwell assists homeowners in appealing their property taxes. This service can lead to substantial savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Mullen, Cherry County, Nebraska

Source: Ownwell

$337

$1,754

$3,171

Median Mullen Tax Bill

$1,406

Median Cherry County Tax Bill

$1,288

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Mullen, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69152	N/A	N/A	N/A	N/A	N/A

Source: Ownwell