Silver Creek, Platte County, Nebraska Property Taxes
Median Silver Creek, NE effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Silver Creek, NE home value: $6,748,805. Median annual Silver Creek, NE tax bill: $74,443, $72,043 higher than the national median property tax bill of $2,400.
How are property taxes in Platte County calculated?
Property taxes in Silver Creek, 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 Silver Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silver Creek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Silver Creek, Platte County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$74,237
$68,890
Property Tax Rates Across Silver Creek, Platte County, Nebraska
Local government entities are responsible for setting tax rates, which can vary significantly within Nebraska. Each year, counties estimate the budget needed to provide services and divide it by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Silver Creek, located in Merrick County, the effective property tax rate is a reflection of this process. When comparing Silver Creek's property tax rate to other cities in Nebraska, it's important to note that Nebraska's median property tax rate is 1.76%, which is higher than the national median rate of 1.02%. This means that property owners in Silver Creek and across Nebraska often face higher property tax bills compared to the national average. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.
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 Silver Creek Tax Rate
1.10%
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 Platte County Tax Rate
1.78%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Silver Creek, Platte County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68663 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Silver Creek, Platte County, Nebraska
When examining property taxes in Silver Creek, 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's Office 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 Platte 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 Silver Creek. For example, the median home price in Silver Creek is $6,748,805, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Silver Creek, Platte County, Nebraska
Source: Ownwell
$55,940
$249,000
$442,060
Median Silver Creek Market Value
$6,748,805
Median Platte County Market Value
$171,615
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Silver Creek, Platte County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68663 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Silver Creek, Platte County, Nebraska
In Silver Creek, property tax bills are primarily determined by the assessed value of a home and the local tax rate. With a median home price of $6,748,805, property taxes can significantly impact homeowners. The tax bill is calculated by multiplying the assessed value by the local tax rate. In Platte County, where Silver Creek is located, the tax bill ranges from the 25th percentile at $41,987 to the 90th percentile at $74,482. These figures are notably higher than the national median property tax bill of $2,400, reflecting the substantial property values in the area.
Homeowners often face challenges in ensuring their property is assessed accurately, which can lead to overpayment. Ownwell provides expert property tax appeal services to help homeowners navigate the complexities of property tax assessments. By leveraging local market insights and tax law expertise, Ownwell can identify potential savings and assist in reducing tax liabilities, offering homeowners peace of mind and financial relief.
Median Silver Creek Tax Bill
$74,443
Median Platte County Tax Bill
$2,760
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Silver Creek, Platte County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68663 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell