Elm Creek, Phelps County, Nebraska Property Taxes
Property Taxes in Elm Creek, Nebraska
Median Elm Creek, Nebraska effective property tax rate: 0.99%, lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Elm Creek, Nebraska home value: $401,839
Median annual Elm Creek, Nebraska tax bill: $3,258, $858 higher than the national median property tax bill of $2,400.
How are property taxes in Phelps calculated?
Property taxes in Elm Creek, 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 Elm Creek's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elm Creek, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Elm Creek, Phelps County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$3,978
$3,692
How Does the Elm Creek Property Tax Calculator Work?
Use this Elm Creek property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Elm Creek's median effective tax rate of 0.99% — based on actual property records in Phelps 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 Elm Creek'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 Elm Creek: rates range from 0.99% in 68836 to 0.99% in 68836, 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 Elm Creek.
About Elm Creek Property Taxes
About Property Taxes in Elm Creek, Phelps, Nebraska
Elm Creek’s median effective property tax rate of 0.99% is lower than the Nebraska state median of 1.39% and lower than the national median of 1.02%. This rate reflects the Phelps 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 Elm Creek. Homeowners in the 68836 ZIP code carry a median effective rate of 0.99%, while those in the lowest ZIP also pay 0.99%. This spread reflects how school district boundaries and local assessment districts are drawn across Phelps County. Understanding which part of Elm Creek you live in can make a meaningful difference to your annual tax bill.
Elm Creek homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 30, 2026.
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 Elm Creek, Phelps 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 Elm Creek'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 Elm Creek Tax Rate
0.99%
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 Phelps County Tax Rate
1.16%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elm Creek, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68836 | 0.76% | 0.77% | 0.99% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Elm Creek, Phelps County, Nebraska
When examining property taxes in Elm Creek, 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 Phelps 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 Phelps 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. For Elm Creek, the median home price is $401,839, and the median tax bill is $3,258, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Elm Creek, Phelps County, Nebraska
Source: Ownwell
$38,035
$264,088
$490,141
Median Elm Creek Market Value
$401,839
Median Phelps County Market Value
$148,720
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elm Creek, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68836 | $147,231 | $205,829 | $401,839 | $716,649 | $1,120,939 |
Source: Ownwell
Property Tax Bills Across Elm Creek, Phelps County, Nebraska
Property tax bills in ELM CREEK are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, the bill depends on factors such as the home’s value, local taxing authorities, and any exemptions or appeals that may reduce the assessed amount. With a median home price of $401,839, property taxes can be a significant part of owning a home.
In Phelps County, the median property tax bill is $3,258, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the area also vary widely, with the 25th percentile at $1,841, the 75th percentile at $7,075, and the 90th percentile at $10,404. This means homeowners may face very different tax burdens depending on how their property is assessed and where they live within the county.
Median Elm Creek Tax Bill
$3,258
Median Phelps County Tax Bill
$1,620
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Elm Creek, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68836 | $1,190 | $1,841 | $3,258 | $7,075 | $10,404 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Phelps Tax Assessor | |
| Website | www.nebraskaassessorsonline.us |