Genoa, Merrick County, Nebraska Property Taxes

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

Median Genoa, NE effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Genoa, NE home value: $190,585
Median annual Genoa, NE tax bill: $2,112, $288 lower than the national median property tax bill of $2,400.

How are property taxes in Merrick calculated?

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

Last Updated March 1, 2025

Genoa, Merrick 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

$2,115

$1,963

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

Property Tax Rates Across Genoa, Merrick County, Nebraska

Local government entities determine tax rates, which can differ significantly within any state. Each year, counties assess their budgetary needs to fund public services and divide this by the total assessed value of all taxable properties in their area, resulting in the property tax rate. This process, though influenced by votes and legislation, is essentially how annual rates are set.

In Genoa, situated in Merrick County, Nebraska, the effective property tax rate is 1.11%. This rate aligns with the highest and lowest rates within the state, both recorded in the same zip code, 68640. When compared to the national median property tax rate of 1.02%, Genoa's rate is slightly higher, reflecting Nebraska's tendency towards a higher tax rate. However, the national median property tax bill stands at $2400, which can serve as a benchmark for property owners assessing their tax liabilities. Understanding these rates can help property owners in Genoa make informed decisions about appealing or seeking exemptions on their property taxes.

Property Tax Rates Across Genoa, Merrick County, Nebraska

Source: Ownwell

0.93%

1.43%

1.94%

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 Genoa Tax Rate

1.11%

Median Effective Merrick County Tax Rate

1.28%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Genoa, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68640	0.99%	1.11%	1.11%	1.11%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Genoa, Merrick County, Nebraska

When examining property taxes in Genoa, 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 Merrick 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 Merrick 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 Genoa. For example, the median home price in Genoa is $190,585, with tax bills ranging significantly across the county. The zip code 68640 has the highest median home price at $190,585.

Property Tax Assessment Values Across Genoa, Merrick County, Nebraska

Source: Ownwell

$80,835

$146,753

$212,670

Median Genoa Market Value

$190,585

Median Merrick County Market Value

$135,822

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Genoa, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68640	$115,036	$142,205	$190,585	$400,592	$598,741

Source: Ownwell

Property Tax Bills Across Genoa, Merrick County, Nebraska

In Genoa, Merrick 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 market value, which in Genoa is influenced by factors like location, property size, and amenities. The median home price in the area is $190,585. Homeowners in Genoa face varying tax bills, with the 25th percentile paying around $1,369 and those in the 90th percentile facing bills as high as $6,621. This range indicates a significant variation, highlighting how property characteristics and assessments impact tax obligations. Compared to the national median property tax bill of $2,400, Genoa's median tax bill may present both challenges and opportunities for savings. Ownwell can assist homeowners by reviewing their property assessments, identifying discrepancies, and filing appeals to ensure fair taxation. By leveraging expert knowledge and local data, Ownwell helps homeowners potentially reduce their property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Genoa, Merrick County, Nebraska

Source: Ownwell

$1,170

$1,860

$2,550

Median Genoa Tax Bill

$2,112

Median Merrick County Tax Bill

$1,907

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Genoa, Merrick County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68640	$576	$1,369	$2,112	$4,437	$6,621

Source: Ownwell