Phillips, Hamilton County, Nebraska Property Taxes

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

Median Phillips, NE effective property tax rate: 1.11%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Phillips, NE home value: $159,755
Median annual Phillips, NE tax bill: $1,956, $444 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton 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, Hamilton County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$1,773

$1,646

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’ 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 Hamilton. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Phillips, Hamilton County, Nebraska

Local government entities are responsible for setting property tax rates, which can vary significantly even within a state. This variation occurs because each county annually estimates the budget required to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, the process essentially follows this annual routine.

In Phillips, located in Hamilton County, Nebraska, the effective property tax rate reflects these local determinations. Compared to the national median property tax rate of 1.02%, Nebraska tends to have higher rates, with Phillips being no exception. The median property tax rate in Nebraska is also higher than the national average. This can impact homeowners' annual tax bills, potentially resulting in higher costs compared to other regions in the U.S. Understanding these rates is crucial for property owners looking to manage their expenses effectively. By comparing Phillips' effective property tax rate to other cities in Nebraska and the national median, homeowners can gain valuable insights into their local tax landscape.

Property Tax Rates Across Phillips, Hamilton County, Nebraska

Source: Ownwell

0.84%

1.21%

1.58%

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

1.11%

Median Effective Hamilton County Tax Rate

1.50%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Phillips, Hamilton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68865	1.10%	1.11%	1.11%	1.54%	1.54%

Source: Ownwell

Property Tax Assessment Values Across Phillips, Hamilton County, Nebraska

When examining property taxes in Phillips, 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 Hamilton 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. Assessment notices: In Hamilton 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 $159,755, with tax bills ranging significantly across the county. 68865 has the highest median home price at $159,755.

Property Tax Assessment Values Across Phillips, Hamilton County, Nebraska

Source: Ownwell

$115,375

$192,547

$269,718

Median Phillips Market Value

$159,755

Median Hamilton County Market Value

$155,855

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Phillips, Hamilton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68865	$37,004	$79,441	$159,755	$297,686	$577,493

Source: Ownwell

Property Tax Bills Across Phillips, Hamilton County, Nebraska

In Phillips, located in Hamilton County, NE, property tax bills are determined by assessing the value of a home and applying the local tax rate. With a median home price of $159,755, homeowners in Phillips face a property tax bill that varies based on their home's assessed value and the specific tax rate applied. The tax bill can range significantly, with the 25th percentile at $1,153 and the 75th percentile reaching $3,682. The highest tax bills can go up to $6,456, indicating a wide variance in property tax burdens among homeowners. Compared to the national median property tax bill of $2,400, Phillips presents a diverse range of tax liabilities. Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially leading to significant savings. This assistance can make a substantial difference in managing annual property expenses, offering peace of mind and financial relief.

Property Tax Bills Across Phillips, Hamilton County, Nebraska

Source: Ownwell

$1,338

$2,047

$2,755

Median Phillips Tax Bill

$1,956

Median Hamilton County Tax Bill

$2,134

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Phillips, Hamilton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68865	$490	$1,153	$1,956	$3,682	$6,456

Source: Ownwell