Madison, Platte County, Nebraska Property Taxes

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Property Taxes in Madison, Nebraska

Median Madison, Nebraska effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Madison, Nebraska home value: $494,330
Median annual Madison, Nebraska tax bill: $3,379, $979 higher than the national median property tax bill of $2,400.

How are property taxes in Platte calculated?

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

Last Updated April 13, 2026

Madison, Platte County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$3,213

$2,982

How Does the Madison Property Tax Calculator Work?

Use this Madison property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Madison's median effective tax rate of 0.65% — based on actual property records in Platte County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Madison'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 Madison: rates range from local differences in school district levies and assessment districts, which can affect your final tax bill.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Madison.

About Madison Property Taxes

About Property Taxes in Madison, Platte, Nebraska

Madison’s median effective property tax rate of 0.65% is lower than the Nebraska state median of 1.39% and lower than the national median of 1.02%. This rate reflects the Platte 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 Madison. Homeowners in the highest ZIP code carry a median effective rate of 0.65%, while those in the lowest ZIP code pay 0.65%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Platte County. Understanding which part of Madison you live in can make a meaningful difference to your annual tax bill.

Madison 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 Madison, Platte 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 Madison's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Madison, Platte County, Nebraska

Source: Ownwell

0.41%

0.84%

1.27%

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 Tax Rate

0.65%

Median Effective Platte County Tax Rate

1.27%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Madison, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68748	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Madison, Platte County, Nebraska

When examining property taxes in Madison, 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 Platte 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.

Assessment notices:

In Platte County, assessment notices are sent in the spring 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 Madison.

For example, the median home price in Madison is $494,330, with tax bills ranging significantly across the county. The median tax bill is $3,379, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

Property Tax Assessment Values Across Madison, Platte County, Nebraska

Source: Ownwell

$93,085

$310,310

$527,535

Median Madison Market Value

$494,330

Median Platte County Market Value

$215,420

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Madison, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68748	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Madison, Platte County, Nebraska

How Are Property Tax Bills Calculated in Madison?

Property tax bills in Madison are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value rises, the assessed value can increase as well, which may lead to a higher bill. The amount a homeowner owes is determined by multiplying the assessed value by the applicable tax rate, so even modest changes in value can affect the final bill.

What factors are considered? Home size, location, and market conditions all play a role in how a property is valued. In Platte County, the median home price is $494,330, and property tax bills can vary widely from one homeowner to another. The 25th percentile tax bill is $2,322, while the 75th percentile is $3,892 and the 90th percentile reaches $8,895.

For many homeowners, a higher assessed value means a larger share of the local tax burden.

Property Tax Bills Across Madison, Platte County, Nebraska

Source: Ownwell

$406

$2,422

$4,437

Median Madison Tax Bill

$3,379

Median Platte County Tax Bill

$2,466

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Madison, Platte County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68748	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 30

Links
Platte Tax Assessor
Website	plattecountyassessor.net

Frequently Asked Property Tax Questions in Madison, Nebraska

How are property taxes calculated in Madison, Nebraska?

Property taxes in Madison, Nebraska are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Madison, Nebraska?

To appeal your property taxes in Madison, Nebraska, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Madison, Nebraska?

Common property tax exemptions in Madison, Nebraska include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Madison, Nebraska?

Property tax deadlines in Madison, Nebraska vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Madison, Nebraska?

Ownwell provides professional property tax appeal services in Madison, Nebraska. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.