Monroe, Platte County, Nebraska Property Taxes

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

Median Monroe, NE effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Monroe, NE home value: $152,210
Median annual Monroe, NE tax bill: $1,985, $415 lower than the national median property tax bill of $2,400.

How are property taxes in Platte County calculated?

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

Last Updated March 1, 2025

Monroe, Platte County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$1,705

$1,582

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

Property Tax Rates Across Monroe, Platte 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 Monroe’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Monroe, located in Platte County, has a median property tax rate of 1.12%, which is above the national median of 1.02%. This rate is consistent across the county, making it both the highest and lowest in the area. Homeowners in Monroe can expect to pay more in property taxes compared to the national median, but they benefit from the services funded by these taxes. Understanding how these rates are determined can help residents make informed decisions about their property investments.

Property Tax Rates Across Monroe, Platte County, Nebraska

Source: Ownwell

0.67%

1.23%

1.78%

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 Monroe Tax Rate

1.12%

Median Effective Platte County Tax Rate

1.78%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68647	0.99%	1.10%	1.12%	1.53%	1.53%

Source: Ownwell

Property Tax Assessment Values Across Monroe, Platte County, Nebraska

When examining property taxes in Monroe, 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 Platte 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 Platte 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 Monroe. For example, the median home price in Monroe is $152,210, with tax bills ranging significantly across the county. Zip code 68647 has the highest median home price at $152,210.

Property Tax Assessment Values Across Monroe, Platte County, Nebraska

Source: Ownwell

$55,940

$249,000

$442,060

Median Monroe Market Value

$152,210

Median Platte County Market Value

$171,615

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68647	$40,348	$83,680	$152,210	$318,740	$590,486

Source: Ownwell

Property Tax Bills Across Monroe, Platte County, Nebraska

In Monroe, located in Platte County, NE, property tax bills are determined based on the assessed value of the home. The local tax rate is applied to this value, resulting in the annual property tax bill. In Monroe, the median home price is $152,210. Homeowners at the 25th percentile of tax bills pay around $1,051, while those at the 75th and 90th percentiles face bills of approximately $3,546 and $6,540, respectively. Compared to the national median property tax bill of $2,400, Monroe's tax bills can vary significantly. Factors influencing these variations include the assessed property value and local tax rates. For homeowners, these taxes can be a substantial financial burden. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential inaccuracies in assessments and filing appeals on their behalf. By leveraging Ownwell's expertise, homeowners can potentially lower their tax obligations, ensuring they only pay what is fair and accurate, thus alleviating some of the financial strain.

Property Tax Bills Across Monroe, Platte County, Nebraska

Source: Ownwell

$418

$2,818

$5,217

Median Monroe Tax Bill

$1,985

Median Platte County Tax Bill

$2,760

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68647	$488	$1,051	$1,985	$3,546	$6,540

Source: Ownwell