Milligan, Fillmore County, Nebraska Property Taxes

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

Median Milligan, NE effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Milligan, NE home value: $59,955
Median annual Milligan, NE tax bill: $784, $1,616 lower than the national median property tax bill of $2,400.

How are property taxes in Fillmore County calculated?

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

Last Updated March 1, 2025

Milligan, Fillmore County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$809

$751

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

Property Tax Rates Across Milligan, Fillmore County, Nebraska

Local government entities set tax rates, which can vary widely within a state. 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.

Milligan in Fillmore County, Nebraska, has an effective property tax rate that aligns with the highest median tax rate in the state, standing at 1.35%. This is notably higher than the national median property tax rate of 1.02%. Despite the uniformity in the tax rate across Fillmore County, it's essential to consider how this compares to the national landscape, where the median property tax bill is $2400.

Understanding these rates is crucial for property owners looking to manage their expenses effectively. For those in Milligan, the property tax rate can significantly impact annual budgets, making it essential to explore potential exemptions and appeals to minimize costs.

Property Tax Rates Across Milligan, Fillmore County, Nebraska

Source: Ownwell

0.83%

1.32%

1.82%

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 Milligan Taxx Rate

1.35%

Median Effective Fillmore County Taxx Rate

1.63%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Milligan, Fillmore County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68406	0.89%	0.91%	1.35%	1.35%	1.35%

Source: Ownwell

Property Tax Assessment Values Across Milligan, Fillmore County, Nebraska

When examining property taxes in Milligan, 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 Fillmore County assessor 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 Fillmore County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Milligan. For example, the median home price in Milligan is $59,955, with tax bills ranging significantly across the county. Zip code 68406 has the highest median home price at $59,955.

Property Tax Assessment Values Across Milligan, Fillmore County, Nebraska

Source: Ownwell

$34,015

$165,097

$296,178

Median Milligan Market Value

$59,955

Median Fillmore County Market Value

$93,580

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Milligan, Fillmore County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68406	$12,334	$25,134	$59,955	$134,402	$448,649

Source: Ownwell

Property Tax Bills Across Milligan, Fillmore County, Nebraska

In Milligan, Fillmore County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Milligan is $59,955, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Milligan face a median property tax bill of $784, which is significantly below the national median of $2,400. However, tax bills can vary, with some homeowners paying as little as $325 and others up to $4,077, depending on their property's assessed value and any applicable exemptions or deductions. Ownwell assists homeowners by reviewing their property assessments to ensure accuracy and identifying potential exemptions or errors that could reduce their tax burden. By leveraging expert knowledge and local insights, Ownwell can help homeowners in Milligan potentially save on their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Milligan, Fillmore County, Nebraska

Source: Ownwell

$425

$1,531

$2,637

Median Milligan Tax Bill

$784

Median Fillmore County Tax Bill

$1,380

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Milligan, Fillmore County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68406	$118	$325	$784	$1,753	$4,077

Source: Ownwell