Grand Island, Merrick County, Nebraska Property Taxes
Property Taxes in Grand Island, Nebraska
Median Grand Island, Nebraska effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Grand Island, Nebraska home value: $204,470
Median annual Grand Island, Nebraska tax bill: $1,228, lower than the national median property tax bill of $2,400.
How are property taxes in Merrick calculated?
Property taxes in Grand Island, Nebraska 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 April 13, 2026
Grand Island, Merrick County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,247
$1,157
How Does the Grand Island Property Tax Calculator Work?
Use this Grand Island property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Grand Island's median effective tax rate of 0.61% — based on actual property records in Merrick County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Grand Island's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Grand Island: rates range from 0.61% in 68801 to 0.61% in 68801, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Grand Island.
About Grand Island Property Taxes
About Property Taxes in Grand Island, Merrick, Nebraska
Grand Island’s median effective property tax rate of 0.61% is lower than the Nebraska state median of 1.39% and lower than the national median of 1.02%. This rate reflects the Merrick County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Grand Island. Homeowners in the 68801 ZIP code carry a median effective rate of 0.61%, while those in the lowest ZIP also pay 0.61%. This spread shows how school district boundaries and local assessment districts are drawn across Merrick County. Understanding which part of Grand Island you live in can make a meaningful difference to your annual tax bill.
Grand Island homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Grand Island, Merrick County, Nebraska
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Grand Island's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
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
0.61%
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 Merrick County Tax Rate
0.90%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Island, Merrick County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68801 | 0.60% | 0.61% | 0.61% | 0.62% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Grand Island, Merrick 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 Merrick 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 Merrick County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of June.
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 $204,470, with tax bills ranging significantly across the county. 68801 has the highest median home price at $204,470.
Property Tax Assessment Values Across Grand Island, Merrick County, Nebraska
Source: Ownwell
$102,488
$183,564
$264,640
Median Grand Island Market Value
$204,470
Median Merrick County Market Value
$154,668
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Island, Merrick County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68801 | $35,650 | $99,845 | $204,470 | $293,349 | $463,059 |
Source: Ownwell
Property Tax Bills Across Grand Island, Merrick County, Nebraska
Grand Island property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value determined by the county. That means the tax bill depends on both what a home is worth and the rates set by local taxing authorities. For homeowners, this can make annual taxes rise or fall as property values and budgets change.
With a median home price of $204,470, the typical property tax bill in Grand Island is $1,228, which is below the national median property tax bill of $2,400 and reflects a lower burden than many U.S. homeowners face. Bills can still vary widely, though, with the 25th percentile at $449 and the 75th percentile at $1,843. At the high end, the 90th percentile reaches $2,897, showing how much taxes can increase for higher-valued homes.
Median Grand Island Tax Bill
$1,228
Median Merrick County Tax Bill
$1,545
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Island, Merrick County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68801 | $194 | $449 | $1,228 | $1,843 | $2,897 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Merrick Tax Assessor | |
| Website | merrick.gworks.com |