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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Phelps County, Nebraska

Phelps County has an effective property tax rate of 1.32%. On the median home value of $194,900, that's roughly $2,573 per year. Median household income is $68,919.

Effective Property Tax Rate1
1.32%
median tax $2,573 ÷ median home $194,900
Median Home Value1
$194,900
owner-occupied
Median Household Income1
$68,919
per-capita $45,448
Est. Annual Tax on Median Home1
$2,573
at 1.32% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricPhelps CountyNebraska (state context)
Effective property tax rate11.32%1.27%
Median home value1$194,900—
State income tax3top rate 4.55%top rate 4.55%
State sales tax36.98% combined6.98% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Phelps County, NE

In Phelps County, Nebraska, buyers weighing affordability will find median home values around $194,900, with the largest local town, Atlanta, anchoring much of the county's housing stock. The effective property tax rate of 1.320% sits above Nebraska's statewide median of 1.267% and ranks 35th among the state's 93 counties, so taxes here run somewhat higher than in many peer communities. That rate translates to a median annual real-estate tax bill of $2,573. Against a median household income of $68,919 and per-capita income of $45,448, the yearly tax load stays within reach for many households, though it clearly exceeds the national median effective rate of 0.794%. For someone comparing places to buy, the county's combination of moderate home prices and slightly elevated tax rates shapes the overall cost of ownership.

Frequently asked questions

What is the property tax rate in Phelps County, NE?
The effective rate is 1.32% — meaning the median tax bill equals about 1.32% of the median home value.
How much are property taxes on a median home?
On the median home ($194,900), the estimated annual bill is about $2,573.
Is Phelps County's rate high or low?
Compare it to the state median of 1.27% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Phelps County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Phelps County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.