Norfolk, Madison County, Nebraska Property Taxes
Property Taxes in Norfolk, Nebraska
Median Norfolk, Nebraska effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Norfolk, Nebraska home value: $200,004
Median annual Norfolk, Nebraska tax bill: $2,398, $2 lower and lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Norfolk, Nebraska 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 Norfolk's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norfolk, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Norfolk, Madison County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$2,480
$2,301
How Does the Norfolk Property Tax Calculator Work?
Use this Norfolk property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Norfolk's median effective tax rate of 1.24% — based on actual property records in Madison County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Norfolk's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Norfolk: rates range from 1.24% in 68701 to 1.24% in 68701, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Norfolk.
About Norfolk Property Taxes
About Property Taxes in Norfolk, Madison, Nebraska
Norfolk’s median effective property tax rate of 1.24% is higher than the Nebraska state median of 1.39% and higher than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Norfolk. Homeowners in the 68701 ZIP code carry a median effective rate of 1.24%, while those in the lowest ZIP also pay 1.24%. This spread reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Norfolk you live in can make a meaningful difference to your annual tax bill.
Norfolk homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Norfolk, Madison County, Nebraska
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Norfolk's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
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 Norfolk Tax Rate
1.24%
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
1.24%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Norfolk, Madison County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68701 | 0.90% | 1.23% | 1.24% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Norfolk, Madison County, Nebraska
When examining property taxes in Norfolk, 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 Madison County appraisal district 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 June each year. They'll typically reach your mailbox by the middle of June.
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 Norfolk.
For example, the median home price in Norfolk is $200,004, with tax bills ranging significantly across the county. 68701 has the highest median home price at $200,025.
Property Tax Assessment Values Across Norfolk, Madison County, Nebraska
Source: Ownwell
$91,709
$279,909
$468,108
Median Norfolk Market Value
$200,004
Median Madison County Market Value
$192,124
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Norfolk, Madison County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68701 | $72,299 | $138,492 | $200,025 | $276,777 | $383,635 |
Source: Ownwell
Property Tax Bills Across Norfolk, Madison County, Nebraska
How are property tax bills calculated in Norfolk?
Property tax bills in Norfolk are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is the amount used for tax purposes, and it is influenced by the market value of the property. If a home’s assessed value rises, the tax bill usually increases as well.
What factors are considered when calculating the bill?
Several factors affect the final amount, including the home’s assessed value, local tax rates, and any exemptions that may apply. For a median home price of $200,004, the property tax bill can vary widely. The 25th percentile tax bill is $1,582, while the 75th percentile is $3,303. At the high end, the 90th percentile reaches $4,596.
How does this affect homeowners?
Higher property taxes can significantly increase the cost of owning a home, especially when bills exceed the national median property tax bill of $2,400. In Norfolk, homeowners may see bills above or below that national benchmark depending on their property’s assessed value and location within Madison County.
Median Norfolk Tax Bill
$2,398
Median Madison County Tax Bill
$2,262
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Norfolk, Madison County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68701 | $646 | $1,581 | $2,398 | $3,303 | $4,591 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | madison.gworks.com |