Bayard, Morrill County, Nebraska Property Taxes
Median Bayard, NE effective property tax rate: 2.04%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Bayard, NE home value: $79,705
Median annual Bayard, NE tax bill: $1,499, $901 lower than the national median property tax bill of $2,400.
How are property taxes in Morrill calculated?
Property taxes in Bayard, 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 Bayard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bayard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bayard, Morrill County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.04%
Estimate Property Tax Bill
$1,626
$1,509
Property Tax Rates Across Bayard, Morrill County, Nebraska
Local government entities are responsible for setting property tax rates, and these can differ significantly within a state. Each year, counties determine their necessary budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, leading to the calculation of the property tax rate. Although the process involves votes and laws, this is essentially how it works annually.
In Bayard, located in Morrill County, Nebraska, the effective property tax rate is notably higher than the national median. With a median tax rate of 2.04%, Bayard's rate stands out compared to the national median property tax rate of 1.02%. This difference highlights the variation in property tax rates across the country. The city's property tax rate is also reflective of Nebraska's overall approach to property taxation, where the emphasis is on meeting local budgetary requirements through these assessments. Understanding these rates is crucial for property owners seeking to manage their financial commitments effectively.
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 Bayard Tax Rate
2.04%
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 Morrill County Tax Rate
1.83%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bayard, Morrill County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69334 | 1.62% | 1.63% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Bayard, Morrill County, Nebraska
When examining property taxes in Bayard, 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 Morrill 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 Morrill 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 Bayard. For example, the median home price in Bayard is $79,705, with tax bills ranging significantly across the county. 69334 has the highest median home price at $79,705.
Property Tax Assessment Values Across Bayard, Morrill County, Nebraska
Source: Ownwell
$61,740
$130,550
$199,360
Median Bayard Market Value
$79,705
Median Morrill County Market Value
$78,985
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bayard, Morrill County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69334 | $10,790 | $37,329 | $79,705 | $145,498 | $236,745 |
Source: Ownwell
Property Tax Bills Across Bayard, Morrill County, Nebraska
In Bayard, located in Morrill County, NE, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, which in Bayard has a median home price of $79,705. The tax rate in this region results in varying tax bills, with the 25th percentile at $654 and the 75th percentile reaching $2,652. Homeowners in Bayard face property tax bills that can significantly impact their finances, especially when compared to the national median property tax bill of $2,400.
Ownwell offers expert property tax appeal and exemption services to help homeowners in Bayard potentially reduce their tax burdens. By analyzing property assessments and identifying inaccuracies or opportunities for exemptions, Ownwell assists homeowners in navigating the complex property tax system. This can lead to substantial savings, providing financial relief and ensuring homeowners are not overpaying on their property taxes.
Median Bayard Tax Bill
$1,499
Median Morrill County Tax Bill
$1,479
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Bayard, Morrill County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69334 | $184 | $654 | $1,499 | $2,652 | $4,250 |
Source: Ownwell