Grand Island, Hall County, Nebraska Property Taxes

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

Median Grand Island, NE effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Grand Island, NE home value: $168,442
Median annual Grand Island, NE tax bill: $2,713, $313 higher than the national median property tax bill of $2,400.

How are property taxes in Hall County calculated?

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

Last Updated March 1, 2025

Grand Island, Hall County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.67%

Estimate Property Tax Bill

$2,813

$2,610

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

Property Tax Rates Across Grand Island, Hall County, Nebraska

Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Each year, counties like Hall in Nebraska determine their required budget to fund essential services and then divide that by the total value of all taxable properties within their boundaries. This process establishes the property tax rate. While the setting of these rates involves votes and legal considerations, this is the basic annual procedure.

In Grand Island, located in Hall County, the effective property tax rate is a reflection of this process. The city's rate is part of a broader spectrum within Nebraska, where tax rates can differ from one city to another. For instance, in Grand Island, the property tax rate is among the highest in the state. When compared to the national median property tax rate of 1.02%, Nebraska's median rate is significantly higher at 1.67%. This difference highlights the variability in property tax rates across the country and underscores the importance of understanding local tax obligations.

Property Tax Rates Across Grand Island, Hall County, Nebraska

Source: Ownwell

1.24%

1.51%

1.78%

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 Grand Island Tax Rate

1.67%

Median Effective Hall County Tax Rate

1.65%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grand Island, Hall County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68801	1.24%	1.52%	1.78%	1.92%	2.01%
68803	1.17%	1.47%	1.64%	1.83%	1.95%
68802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grand Island, Hall County, Nebraska

When examining property taxes in Grand Island, 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 Hall 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 Hall 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 Grand Island.

For example, the median home price in Grand Island is $168,442, with tax bills ranging significantly across the county. Zip code 68803 has the highest median home price at $205,346.

Property Tax Assessment Values Across Grand Island, Hall County, Nebraska

Source: Ownwell

$88,658

$202,440

$316,221

Median Grand Island Market Value

$168,442

Median Hall County Market Value

$168,820

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grand Island, Hall County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68801	$54,989	$92,797	$136,972	$200,782	$284,313
68803	$85,304	$143,432	$205,346	$272,464	$357,780
68802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grand Island, Hall County, Nebraska

In Grand Island, located in Hall County, NE, property tax bills are a significant concern for homeowners. The tax bill is calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Grand Island is $168,442, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $1,770, while at the 75th percentile, it rises to $3,949, and at the 90th percentile, it reaches $5,355. These figures indicate that property taxes in Grand Island can be higher than the national median property tax bill of $2,400. Homeowners may feel the financial strain of these taxes. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging Ownwell's expertise, homeowners can potentially reduce their tax bills, ensuring they pay only their fair share and alleviating some of the financial burdens associated with property ownership.

Property Tax Bills Across Grand Island, Hall County, Nebraska

Source: Ownwell

$1,013

$2,626

$4,239

Median Grand Island Tax Bill

$2,713

Median Hall County Tax Bill

$2,705

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Island, Hall County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68801	$748	$1,578	$2,272	$3,281	$4,746
68803	$1,108	$2,195	$3,188	$4,401	$5,735
68802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell