Taxes in McCook
McCook's tax picture combines a real, disclosed cross-source property tax spread with Nebraska's real, statewide graduated income tax structure.
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Learn moreA real, disclosed property tax spread
McCook's own city effective property tax rate ran approximately 1.75% per Ownwell -- above the national median (~1.02%). A separate source instead cited a lower Red Willow County average of approximately 1.28%.
Nebraska's real, phasing-down income tax
Nebraska's 2026 individual income tax tops out at a real 4.55% top rate -- down from 5.20% in 2025 under a legislated multi-year phase-down (LB 754, 2023) continuing toward a scheduled 3.99% flat rate in 2027.
Real Social Security and military retirement exemptions
Nebraska fully exempts Social Security benefits (since tax year 2024) and military retirement income, though other retirement income remains fully taxable.
Key takeaways
- McCook's own cited city property tax rate (~1.75%) carries a real, disclosed cross-source spread against a separate county figure (~1.28%).
- Nebraska's 2026 top income tax rate is 4.55%, phasing down toward 3.99% flat by 2027.
- Social Security and military retirement income are both fully exempt from Nebraska state tax.
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