Meadow Grove, Madison County, Nebraska Property Taxes

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

Median Meadow Grove, NE effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Meadow Grove, NE home value: $115,273. Median annual Meadow Grove, NE tax bill: $2,127, $273 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Meadow Grove, Madison County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.56%

Estimate Property Tax Bill

$1,798

$1,669

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

Property Tax Rates Across Meadow Grove, Madison 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. Meadow Grove in Madison County, NE, shows how property tax rates can differ within a state. The effective property tax rate here is 1.56%, which is higher than the national median of 1.02%. This means that property owners in Meadow Grove pay a higher percentage of their property's assessed value in taxes compared to the national average. However, it's important to note that this rate is consistent with the median for Nebraska. Comparing Meadow Grove's rate to other cities within the state can provide insight into how local budgets and property values impact tax rates. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Meadow Grove, 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 Meadow Grove Tax Rate

1.56%

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 Meadow Grove, Madison County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68752	1.45%	1.54%	1.56%	2.24%	2.24%

Source: Ownwell

Property Tax Assessment Values Across Meadow Grove, Madison County, Nebraska

When examining property taxes in Meadow Grove, NE, 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 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 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 Meadow Grove. For example, the median home price in Meadow Grove is $115,273, with tax bills ranging significantly across the county. 68752 has the highest median home price at $115,273.

Property Tax Assessment Values Across Meadow Grove, Madison County, Nebraska

Source: Ownwell

$71,396

$255,122

$438,847

Median Meadow Grove Market Value

$115,273

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 Meadow Grove, Madison County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68752	$18,843	$40,794	$115,273	$371,075	$771,143

Source: Ownwell

Property Tax Bills Across Meadow Grove, Madison County, Nebraska

In Meadow Grove, located in Madison County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value, combined with the local tax rate, determines the annual property tax bill for homeowners. The median home price in Meadow Grove is $115,273, and while the national median property tax rate is 1.02%, local rates can vary. Homeowners in Meadow Grove may find their tax bills ranging from $923 at the 25th percentile to $11,377 at the 90th percentile, reflecting differences in property values and tax rates. These bills can significantly impact household budgets, making it crucial for homeowners to ensure they are not overpaying. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations and assessment practices, Ownwell can help reduce property tax bills, offering peace of mind and financial relief to homeowners in Meadow Grove.

Property Tax Bills Across Meadow Grove, Madison County, Nebraska

Source: Ownwell

$1,224

$3,696

$6,167

Median Meadow Grove Tax Bill

$2,127

Median Madison County Tax Bill

$2,934

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Meadow Grove, Madison County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68752	$419	$923	$2,127	$5,611	$11,377

Source: Ownwell