Mc Cook, Hitchcock County, Nebraska Property Taxes

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

Median MC COOK, NE effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median MC COOK, NE home value: $143,300. Median annual MC COOK, NE tax bill: $1,876, $524 lower than the national median property tax bill of $2,400.

How are property taxes in Hitchcock calculated?

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

Last Updated March 1, 2025

Mc Cook, Hitchcock County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$2,219

$2,060

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

Property Tax Rates Across Mc Cook, Hitchcock 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 MC COOK’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. MC COOK, located in Hitchcock County, has a median property tax rate of 1.31%, which is notably higher than the national median rate of 1.02%. This rate is consistent across the city, as Hitchcock County's highest and lowest median tax rates are both 1.31%. While this rate might seem high compared to the national median, it is essential to consider the local services and infrastructure supported by these taxes, which can significantly impact the community's quality of life.

Property Tax Rates Across Mc Cook, Hitchcock County, Nebraska

Source: Ownwell

0.62%

1.00%

1.39%

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 Mc Cook Tax Rate

0.91%

Median Effective Hitchcock County Tax Rate

1.09%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mc Cook, Hitchcock County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69001	0.86%	0.90%	0.91%	0.93%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Mc Cook, Hitchcock County, Nebraska

When examining property taxes in MC COOK, 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 Hitchcock 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. Assessment notices: In Hitchcock 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 MC COOK. For example, the median home price in MC COOK is $143,300, with tax bills ranging significantly across the county. 69001 has the highest median home price at $143,300.

Property Tax Assessment Values Across Mc Cook, Hitchcock County, Nebraska

Source: Ownwell

$66,345

$167,652

$268,958

Median Mc Cook Market Value

$243,888

Median Hitchcock County Market Value

$76,018

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mc Cook, Hitchcock County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69001	$13,492	$61,280	$243,888	$611,171	$1,195,582

Source: Ownwell

Property Tax Bills Across Mc Cook, Hitchcock County, Nebraska

In MC Cook, located in Hitchcock County, NE, property tax bills are determined by the assessed value of a home, which is based on its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as market fluctuations and local tax levies can significantly impact the assessed value, and consequently, the tax bill. For homeowners in MC Cook, the property tax burden varies widely, with the 25th percentile tax bill at $350, reflecting lower-end properties, while the 75th percentile reaches $5,682, indicating higher-valued homes. Remarkably, the median tax bill across the area is $1,876, which is below the national median of $2,400, offering some relief to local homeowners. However, the 90th percentile tax bill can soar up to $13,885, highlighting the potential for high property taxes. Ownwell assists homeowners by ensuring their property is accurately assessed and helps appeal any discrepancies, potentially reducing the tax burden and securing significant savings.

Property Tax Bills Across Mc Cook, Hitchcock County, Nebraska

Source: Ownwell

$833

$1,443

$2,053

Median Mc Cook Tax Bill

$2,053

Median Hitchcock County Tax Bill

$897

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Cook, Hitchcock County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69001	$122	$562	$2,053	$5,667	$10,510

Source: Ownwell