Madison County, Nebraska Property Taxes

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

Median Madison County effective property tax rate: 1.88%, significantly higher than the national median of 1.02%.
Median Madison County home value: $158,492
Median annual Madison County tax bill: $2,934, $534 higher than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

Property taxes in Madison County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Norfolk or another part of Madison County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Madison County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.88%

Estimate Property Tax Bill

$2,980

$2,765

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

Property Tax Rates Across Madison County, Nebraska

Local government entities are responsible for setting tax rates, and these can differ significantly within Nebraska. Each year, counties like Madison estimate the budget required to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although votes and legislation play a role in determining these rates and budgets, this is essentially how the annual process works. Madison County's effective property tax rate is notably higher than the national median property tax rate of 1.02%. Within Madison County, Tilden has the highest median tax rate, while Lindsay boasts the lowest. When comparing Madison County's rate to the national median, it becomes apparent that property owners in this county may face higher tax bills than those in other parts of the country. This comparison underscores the importance of understanding local tax dynamics and seeking potential opportunities for tax appeals or exemptions.

Property Tax Rates Across Madison County, Nebraska

Source: Ownwell

1.30%

1.76%

2.22%

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 Madison County Tax Rate

1.88%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Battle Creek	1.45%	1.45%	1.86%	1.86%	1.86%
Humphrey	1.39%	1.41%	1.41%	1.43%	1.43%
Lindsay	0.87%	1.28%	1.30%	1.41%	1.42%
Madison	1.41%	1.43%	1.89%	1.89%	1.89%
Meadow Grove	1.45%	1.54%	1.56%	2.24%	2.24%
Newman Grove	1.31%	1.33%	1.74%	1.74%	1.74%
Norfolk	1.56%	1.88%	1.88%	1.88%	1.88%
Tilden	1.54%	2.22%	2.22%	2.22%	2.22%
Stanton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison County, Nebraska

When examining property taxes in Madison County, 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 Madison County Assessor's Office 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.

Assessment notices: In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Madison County.

For example, the median tax bill in Madison County is $2,400, with tax bills ranging significantly across the county. Humphrey has the highest median home price at $438,847.

Property Tax Assessment Values Across Madison County, Nebraska

Source: Ownwell

$71,396

$255,122

$438,847

Median Madison County Market Value

$158,492

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Battle Creek	$54,921	$111,840	$166,111	$247,789	$392,670
Humphrey	$178,020	$263,582	$438,847	$788,563	$1,150,027
Lindsay	$124,244	$234,726	$365,430	$847,599	$924,590
Madison	$19,209	$53,566	$97,785	$192,360	$548,780
Meadow Grove	$18,843	$40,794	$115,273	$371,075	$771,143
Newman Grove	$17,905	$34,920	$71,396	$167,508	$550,558
Norfolk	$58,194	$111,600	$165,445	$228,293	$323,422
Tilden	$31,340	$58,299	$97,373	$171,707	$457,688
Stanton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison County, Nebraska

In Madison County, Nebraska, property tax bills are determined by assessing the market value of a property and applying the local tax rate. Homeowners in Madison County experience a median property tax bill that is reflective of the area's assessed property values and tax rates. With a median home price of $158,492, the property tax bills vary significantly, ranging from the 25th percentile at $1,785 to the 90th percentile at $6,112. This variance highlights the impact of property value and location on tax bills. For instance, Humphrey has the highest median tax bill of $6,167, while Newman Grove has the lowest at $1,224. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Madison County's tax bills can be relatively higher or lower depending on specific local assessments and rates. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly, ensuring they are not caught off guard by their property tax obligations.

Property Tax Bills Across Madison County, Nebraska

Source: Ownwell

$1,224

$3,696

$6,167

Median Madison County Tax Bill

$2,934

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Battle Creek	$1,118	$2,072	$3,024	$4,400	$6,251
Humphrey	$2,534	$3,716	$6,167	$10,285	$14,890
Lindsay	$1,731	$2,816	$4,590	$11,089	$12,870
Madison	$403	$1,024	$1,831	$3,227	$7,782
Meadow Grove	$419	$923	$2,127	$5,611	$11,377
Newman Grove	$314	$610	$1,224	$2,798	$7,301
Norfolk	$1,181	$2,119	$3,088	$4,195	$5,888
Tilden	$745	$1,306	$2,107	$3,629	$7,362
Stanton	N/A	N/A	N/A	N/A	N/A

Source: Ownwell