Tilden, Nebraska Property Taxes
The median property tax rate in Tilden, NE is 1.20%, which is higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $386,712, the typical annual property tax bill in Tilden reaches $4,850, significantly exceeding the national median of $2,690. Property taxes in Tilden are calculated based on the tax assessed value, which is often lower than 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 substantial annual savings. Whether you're in the heart of Tilden or another part of the city, comprehending 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
1.2%
Estimate Property Tax Bill
$4,641
$4,306
Ownwell’s Tilden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Tilden with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Tilden to estimate your property tax bill. This valuable tool helps you comprehend potential tax liabilities. If you’re curious about trends on a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Tilden, Nebraska
Property taxes in Tilden, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tilden is 1.20%, higher than both the Nebraska state median 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 1.20%, while the 68781 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Tilden provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tilden Tax Rate
1.20%
Average Pierce County Tax Rate
1.46%
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 | 1.02% | 1.18% | 1.20% | 1.20% | 1.20% |
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 Pierce County 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 highest and lowest median tax bills in Tilden are both $4,850, found in zip code 68781.
Average Tilden Assessed Value
$386,712
Average Pierce County Assessed Value
$145,155
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 | $65,980 | $102,908 | $386,712 | $670,036 | $788,440 |
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 Pierce County Assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, local tax rates, which are set by various taxing entities such as school districts and municipal governments, are applied to calculate the final tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For instance, homeowners in Tilden with homes valued at the median home price of $386,712 can expect tax bills that vary widely, from the 25th percentile at $866 to the 90th percentile at $9,496. These variations reflect differences in property values and the specific tax rates applied. High property tax bills can significantly impact homeowners, potentially making homeownership less affordable and affecting the overall cost of living. Compared to the national median property tax rate of 0.99%, Tilden’s rates demonstrate the importance of understanding local tax policies and their implications.
Average Tilden Tax Bill
$4,850
Average Pierce County Tax Bill
$2,274
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 | $774 | $866 | $4,850 | $8,791 | $9,496 |
Source: Ownwell