Grand Island, Howard County, Nebraska Property Taxes

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

Median Grand Island, NE effective property tax rate: 1.27%, 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: $166,912
Median annual Grand Island, NE tax bill: $1,657, $743 lower than the national median property tax bill of $2,400.

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$2,120

$1,967

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

Property Tax Rates Across Grand Island, Howard County, Nebraska

Local government entities are responsible for setting tax rates, and these can vary significantly within Nebraska. Each year, counties like Howard estimate the budget needed to provide essential services, dividing this amount by the total value of taxable property within their jurisdiction. This calculation determines the property tax rate.

While votes and legislation play roles in setting tax rates and budgets, this is the essence of the annual process. Grand Island in Howard County offers a unique perspective on property taxes in Nebraska. The effective property tax rate here is a reflection of both local governance and the community's needs.

Comparing Grand Island’s effective property tax rate to other cities in Nebraska, it becomes evident how local decisions impact property owners. With Nebraska's median property tax rate at 1.27%, Grand Island's rate provides insight into the state’s diverse property tax landscape. Nationally, the median property tax rate is 1.02%, highlighting how Nebraska compares to the broader U.S. average. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Grand Island, Howard County, Nebraska

Source: Ownwell

0.99%

1.41%

1.82%

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

1.27%

Median Effective Howard County Tax Rate

1.32%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grand Island, Howard County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68801	N/A	N/A	N/A	N/A	N/A
68803	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Grand Island, 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 Howard 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 Howard 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 $166,912, with tax bills ranging significantly across the county. Tax bills can vary from $448 at the 25th percentile to $7,019 at the 90th percentile, offering a broad spectrum compared to the national median property tax bill of $2,400.

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

Source: Ownwell

$78,812

$220,448

$362,084

Median Grand Island Market Value

$166,912

Median Howard County Market Value

$166,027

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68801	N/A	N/A	N/A	N/A	N/A
68803	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grand Island, Howard County, Nebraska

In Grand Island, Howard County, NE, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, set by county assessors, and can fluctuate based on market conditions and local assessments. For homeowners in Grand Island, the median home price is $166,912, which influences the overall tax bill. While the national median property tax rate is 1.02%, local rates may vary, impacting the final amount owed by homeowners. Property tax bills in this area can range significantly, with the 25th percentile at $448 and the 90th percentile reaching $7,019. These variations highlight the importance of accurate assessments and potential savings. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring they pay only their fair share. By analyzing assessments and identifying discrepancies, Ownwell helps reduce tax bills, offering significant savings and financial relief to homeowners in Grand Island.

Property Tax Bills Across Grand Island, Howard County, Nebraska

Source: Ownwell

$1,187

$2,883

$4,579

Median Grand Island Tax Bill

$1,657

Median Howard County Tax Bill

$2,390

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Island, Howard County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68801	N/A	N/A	N/A	N/A	N/A
68803	N/A	N/A	N/A	N/A	N/A

Source: Ownwell