Milburn, Custer County, Nebraska Property Taxes
Median Milburn, NE effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Milburn, NE home value: $585,853
Median annual Milburn, NE tax bill: $6,491, $4,091 higher than the national median property tax bill of $2,400.
How are property taxes in Custer County calculated?
Property taxes in Milburn, 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 Milburn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milburn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Milburn, Custer County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$6,503
$6,035
Property Tax Rates Across Milburn, Custer County, Nebraska
Local government entities set tax rates, which can vary widely within a state. 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.
In Milburn in Custer County, Nebraska, the effective property tax rate is 1.11%, closely aligning with the state's median. This rate is slightly above the national median property tax rate of 1.02%. Despite being higher than the national average, Milburn's rate reflects the local government's need to meet its budgetary requirements.
Nebraska's property tax rates are known to be among the highest in the nation, often due to the state's reliance on property taxes to fund local services. This is particularly evident when comparing Milburn's rate to other cities within the state. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By comparing Milburn’s rate with other cities in Nebraska and the national average, property owners can gain insights into their tax obligations.
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 Milburn Tax Rate
1.11%
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 Custer County Tax Rate
1.38%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Milburn, Custer County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68813 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Milburn, Custer County, Nebraska
Property Tax Assessment Values Across Milburn, Custer County, Nebraska
Source: Ownwell

$45,774
$230,230
$414,686
Median Milburn Market Value
$585,853
Median Custer County Market Value
$99,711
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Milburn, Custer County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68813 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Milburn, Custer County, Nebraska
In Milburn, located in Custer County, Nebraska, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as the property's location, size, and condition. With a median home price of $585,853, homeowners in Milburn face significant property tax bills. The tax bill at the 25th percentile is $5,372, while those at the 75th percentile reach $7,610, and at the 90th percentile, $8,281. These figures are notably higher than the national median property tax bill of $2,400, reflecting the region's higher property values and tax rates.
Homeowners may find these expenses burdensome, but Ownwell offers a solution. By conducting a thorough review of your property's assessed value and identifying potential errors or discrepancies, Ownwell can assist in appealing the tax assessment. This process can lead to a reduction in your property tax bill, providing significant savings and financial relief.
Median Milburn Tax Bill
$6,491
Median Custer County Tax Bill
$1,435
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Milburn, Custer County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68813 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell