Tilden, Nebraska Property Taxes
The median property tax rate in Tilden, NE is 2.22%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Tilden, the typical annual property tax bill reaches $2,107, which is below the national median of $2,690. Property taxes in Tilden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the 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
2.22%
Estimate Property Tax Bill
$2,162
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tilden is 1.73%, 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 both the highest and lowest median property tax rate of 1.73%. Understanding how these areas 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
2.22%
Average Madison County Tax Rate
1.88%
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 | 1.54% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Tilden, Nebraska
In Tilden, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Madison County Assessor 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. The median home price in Tilden is $97,373, with tax bills ranging from $1,306 at the 25th percentile to $7,362 at the 90th percentile. The zip code with the highest and lowest median tax bill is 68781, both at $2,107. 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.
Average Tilden Assessed Value
$97,373
Average Madison County Assessed Value
$158,492
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 | $31,340 | $58,299 | $97,373 | $171,707 | $457,688 |
Source: Ownwell
Property Tax Bills Across Tilden, Nebraska
In Tilden, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. For example, the median home price in Tilden stands at $97,373. Homeowners in the 25th percentile can expect a tax bill of around $1,306, while those in the 75th percentile might see a bill closer to $3,629. The highest tax bills, like those in the 90th percentile, can reach up to $7,362. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, the rates in Tilden can significantly affect homeowners' annual expenses, making it crucial for residents to understand how their tax bills are determined.
Average Tilden Tax Bill
$2,107
Average Madison County Tax Bill
$2,934
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 | $745 | $1,306 | $2,107 | $3,629 | $7,362 |
Source: Ownwell