Tilden, Nebraska Property Taxes
The median property tax rate in Tilden, NE is 1.08%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $1,051,938 in Tilden, the typical annual property tax bill reaches $11,314, significantly surpassing the national median of $2,690. Property taxes in Tilden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Tilden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tilden or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tilden, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$11,361
Ownwell’s Tilden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tilden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tilden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Tilden, Nebraska
Property taxes in Tilden, Nebraska, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tilden is 1.22%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Tilden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tilden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Tilden's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68781 zip code has the highest median property tax rate of 1.22%, while the same zip code has the lowest median tax rate of 1.22%. Understanding how these cities compare with Tilden provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tilden Tax Rate
1.08%
Average Boone County Tax Rate
1.08%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tilden, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68781 | 0.99% | 1.07% | 1.08% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Tilden, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tilden, Nebraska. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Tilden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Tilden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Tilden is 68781, with a median tax bill of $11,314.
Average Tilden Assessed Value
$1,051,938
Average Boone County Assessed Value
$170,105
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tilden, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68781 | $480,460 | $738,328 | $1,051,938 | $1,279,054 | $1,379,778 |
Source: Ownwell
Property Tax Bills Across Tilden, Nebraska
In Tilden, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the Boone County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The local tax rate in Tilden is reflective of the city's funding needs for public services such as schools, infrastructure, and emergency services. For instance, homeowners in Tilden face a median property tax bill of approximately $11,314, which is significantly higher than the national median property tax rate of 0.99%. Factors such as the home's market value, location, and any applicable exemptions or deductions also play a crucial role in determining the final tax amount. Homeowners in Tilden with homes valued at the 25th percentile pay around $7,939 annually, while those at the 75th percentile see bills closer to $12,321. This variation can impact household budgets significantly, making it essential for homeowners to understand how their property taxes are calculated and how they can appeal or seek exemptions if necessary.
Average Tilden Tax Bill
$11,314
Average Boone County Tax Bill
$1,754
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Tilden, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68781 | $5,195 | $7,939 | $11,314 | $12,321 | $13,864 |
Source: Ownwell