Trumbull, Hamilton County, Nebraska Property Taxes

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

Median Trumbull, NE effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Trumbull, NE home value: $201,480
Median annual Trumbull, NE tax bill: $2,388, $12 lower than the national median property tax bill of $2,400.

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$2,377

$2,206

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

Property Tax Rates Across Trumbull, Hamilton County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Trumbull’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Trumbull, 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 Trumbull Tax Rate

1.18%

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 Trumbull, Hamilton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68980	1.11%	1.17%	1.18%	1.18%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Trumbull, Hamilton County, Nebraska

When examining property taxes in Trumbull, 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 Hamilton County Appraisal District 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 Trumbull. For example, the median home price in Trumbull is $201,480, with tax bills ranging significantly across the county. 68980 has the highest median home price at $201,480.

Property Tax Assessment Values Across Trumbull, Hamilton County, Nebraska

Source: Ownwell

$115,375

$192,547

$269,718

Median Trumbull Market Value

$201,480

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 Trumbull, Hamilton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68980	$131,720	$159,422	$201,480	$308,445	$1,232,288

Source: Ownwell

Property Tax Bills Across Trumbull, Hamilton County, Nebraska

In Trumbull, located in Hamilton County, NE, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. The assessed value reflects the market value of the property and is used to calculate the property tax bill by applying the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. The median home price in Trumbull is $201,480, with tax bills ranging from $1,889 at the 25th percentile to $13,668 at the 90th percentile. The median property tax bill in Trumbull is $2,388, which is slightly below the national median of $2,400. These property taxes can significantly impact homeowners, especially when they increase unexpectedly. Ownwell offers property tax appeal services to help homeowners potentially reduce their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for appeals, ensuring homeowners are not overpaying on their property taxes, ultimately providing financial relief and peace of mind.

Property Tax Bills Across Trumbull, Hamilton County, Nebraska

Source: Ownwell

$1,338

$2,047

$2,755

Median Trumbull Tax Bill

$2,388

Median Hamilton County Tax Bill

$2,134

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Trumbull, Hamilton County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68980	$1,368	$1,889	$2,388	$3,640	$13,668

Source: Ownwell