Loomis, Phelps County, Nebraska Property Taxes
Property Taxes in Loomis, Nebraska
Median Loomis, Nebraska effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Loomis, Nebraska home value: $151,191
Median annual Loomis, Nebraska tax bill: $1,376, $1,024 lower than the national median property tax bill of $2,400.
How are property taxes in Phelps calculated?
Property taxes in Loomis, 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 Loomis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loomis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Loomis, Phelps County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$1,482
$1,375
How Does the Loomis Property Tax Calculator Work?
Use this Loomis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Loomis's median effective tax rate of 0.98% — based on actual property records in Phelps County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Loomis'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 Loomis: rates range from 0.98% in 68958 to 0.98% in 68958, 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 Loomis.
About Loomis Property Taxes
About Property Taxes in Loomis, Phelps, Nebraska
Loomis’s median effective property tax rate of 0.98% 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 Loomis. Homeowners in the 68958 ZIP code carry a median effective rate of 0.98%, while those in the same ZIP code pay 0.98%. This spread reflects how school district boundaries and local assessment districts are drawn across Phelps County. Understanding which part of Loomis you live in can make a meaningful difference to your annual tax bill.
Loomis homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Loomis, 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 Loomis'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 Loomis Tax Rate
0.98%
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 Loomis, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68958 | 0.60% | 0.62% | 0.98% | 0.98% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Loomis, Phelps County, Nebraska
When examining property taxes in Loomis, 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 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.
Assessment notices:
In Phelps County, assessment notices are sent in June 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 Loomis homeowners, the median home price is $151,191, and the median property tax bill is $1,376, compared with the national median property tax bill of $2,400 and national median property tax rate of 1.02%. Tax bills in the area range from $711 at the 25th percentile to $5,794 at the 90th percentile, showing how much property taxes can vary across Phelps County.
Property Tax Assessment Values Across Loomis, Phelps County, Nebraska
Source: Ownwell
$38,035
$264,088
$490,141
Median Loomis Market Value
$151,191
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 Loomis, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68958 | $39,985 | $82,052 | $151,191 | $272,758 | $862,943 |
Source: Ownwell
Property Tax Bills Across Loomis, Phelps County, Nebraska
Property tax bills in Loomis are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. For homeowners, that means the bill is not tied to what a house was originally purchased for, but to its current market value as determined for tax purposes. When assessed values rise, tax bills can increase even if the homeowner has made no changes to the property.
In Loomis, the median home price is $151,191, and the median tax bill is $1,376. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Tax bills can vary widely, with the 25th percentile at $711 and the 75th percentile at $2,378. At the high end, the 90th percentile reaches $5,794, showing how much property taxes can affect homeowners with higher assessed values.
Median Loomis Tax Bill
$1,376
Median Phelps County Tax Bill
$1,620
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Loomis, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68958 | $368 | $711 | $1,376 | $2,378 | $5,794 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Phelps Tax Assessor | |
| Website | www.nebraskaassessorsonline.us |