Silver Creek, Polk County, Nebraska Property Taxes

Name: Property Tax Bills Across Silver Creek, Polk County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Silver Creek, NE effective property tax rate: 1.09%, 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: $171,520
Median annual Silver Creek, NE tax bill: $1,880, $520 lower than the national median property tax bill of $2,400.

How are property taxes in Polk 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, Polk County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$1,870

$1,735

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

Property Tax Rates Across Silver Creek, Polk County, Nebraska

Local government entities in Silver Creek, Nebraska, set property tax rates, which can vary widely within the state. Each year, Polk County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell. Silver Creek’s effective property tax rate can be compared to other cities in Nebraska, as well as the median property tax rates in Nebraska and the U.S. Nebraska’s median property tax rate stands at 1.09%, slightly above the national median of 1.02%. This means that property owners in Silver Creek might experience higher property tax bills compared to the national average. Understanding these rates can be crucial for homeowners looking to manage their expenses effectively. By being informed, property owners can ensure they are not overpaying and can explore options for appeals or exemptions if necessary.

Property Tax Rates Across Silver Creek, Polk County, Nebraska

Source: Ownwell

0.94%

1.35%

1.77%

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

1.09%

Median Effective Polk County Tax Rate

1.34%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Silver Creek, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68663	1.07%	1.08%	1.09%	1.11%	1.13%

Source: Ownwell

Property Tax Assessment Values Across Silver Creek, Polk County, Nebraska

When examining property taxes in Silver Creek, 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 Polk 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. Assessment notices: In Polk 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 $171,520, with tax bills ranging significantly across the county. 68663 has the highest median home price at $171,520.

Property Tax Assessment Values Across Silver Creek, Polk County, Nebraska

Source: Ownwell

$53,795

$231,044

$408,292

Median Silver Creek Market Value

$171,520

Median Polk County Market Value

$118,165

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Silver Creek, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68663	$76,702	$124,673	$171,520	$576,216	$977,542

Source: Ownwell

Property Tax Bills Across Silver Creek, Polk County, Nebraska

In Silver Creek, located in Polk 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, influenced by local market conditions and property characteristics. Homeowners in Silver Creek face a median property tax bill of $1,880, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,197 and the 90th percentile reaching up to $10,630. These fluctuations can pose challenges for homeowners, potentially impacting affordability and financial planning. Ownwell offers a solution by providing property tax appeal services, potentially lowering tax liabilities for homeowners. By analyzing property assessments and market data, Ownwell identifies opportunities for tax reductions, ensuring homeowners pay only their fair share. This service can alleviate financial pressure and contribute to long-term savings, making homeownership in Silver Creek more manageable and cost-effective.

Property Tax Bills Across Silver Creek, Polk County, Nebraska

Source: Ownwell

$693

$2,265

$3,837

Median Silver Creek Tax Bill

$1,880

Median Polk County Tax Bill

$1,628

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Silver Creek, Polk County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68663	$613	$1,197	$1,880	$6,291	$10,630

Source: Ownwell