Phillips, Hall County, Nebraska Property Taxes

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

Median Phillips, NE effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Phillips, NE home value: $260,555
Median annual Phillips, NE tax bill: $3,330, $930 higher than the national median property tax bill of $2,400.

How are property taxes in Hall calculated?

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

Last Updated March 1, 2025

Phillips, Hall County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$3,361

$3,119

Ownwell’s Phillips Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Phillips with just two data points. By entering your property's estimated assessed value, our calculator applies Phillips’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 Phillips, Hall County, Nebraska

Local government entities determine tax rates, which can vary significantly within Nebraska. This variation is due to each county's annual budget estimation process. Counties calculate the budget needed to provide essential services and then divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.

In Phillips, located in Hall County, property owners experience an effective property tax rate that is influenced by these local decisions. Compared to other cities in Nebraska, Phillips’ rate might differ, reflecting the unique budgetary needs and property values of the area. The median property tax rate in Nebraska is 1.29%, which is above the national median of 1.02%. This means property owners in Phillips might face higher tax bills compared to the national median, where the average tax bill is $2,400. Understanding these dynamics can help property owners anticipate their tax obligations and explore potential appeal or exemption opportunities.

Property Tax Rates Across Phillips, 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 Phillips Tax Rate

1.29%

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 Phillips, Hall County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68865	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Phillips, Hall County, Nebraska

When examining property taxes in Phillips, 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 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 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 Phillips.

For example, the median home price in Phillips is $260,555, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Phillips, Hall County, Nebraska

Source: Ownwell

$88,658

$202,440

$316,221

Median Phillips Market Value

$260,555

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 Phillips, Hall County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68865	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Phillips, Hall County, Nebraska

In Phillips, located in Hall County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as location, size, and condition. In Phillips, homeowners face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile at $2,306, suggesting even lower-valued homes incur substantial taxes. At the 75th percentile, the tax bill rises to $4,771, and it can reach $6,108 at the 90th percentile, highlighting the financial burden on homeowners. This financial pressure underscores the importance of ensuring accurate property assessments. Ownwell can assist homeowners by reviewing their property assessments for inaccuracies and filing appeals to correct overvaluations. By leveraging their expertise, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. This service can provide significant savings and peace of mind, making it a valuable resource for property owners in Phillips.

Property Tax Bills Across Phillips, Hall County, Nebraska

Source: Ownwell

$1,013

$2,626

$4,239

Median Phillips Tax Bill

$3,330

Median Hall County Tax Bill

$2,705

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Phillips, Hall County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68865	N/A	N/A	N/A	N/A	N/A

Source: Ownwell