Milford, Saline County, Nebraska Property Taxes

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

Median Milford, NE effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Milford, NE home value: $491,695
Median annual Milford, NE tax bill: $5,696, $3,296 higher than the national median property tax bill of $2,400.

How are property taxes in Saline County calculated?

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

Last Updated March 1, 2025

Milford, Saline County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$6,589

$6,114

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

Property Tax Rates Across Milford, Saline County, Nebraska

Local government entities set tax rates, which can vary widely within a state. In Milford, located in Saline County, Nebraska, the property tax rate is determined by the county's annual budgetary needs. Each 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Milford's effective property tax rate can be compared to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. With a median property tax rate of 1.34% in Nebraska, Milford's rate reflects the county's unique budgetary requirements and property values. This rate is higher than the national median property tax rate of 1.02%. Understanding these differences can help property owners in Milford make informed decisions about their property taxes and explore potential savings through appeals or exemptions.

Property Tax Rates Across Milford, Saline County, Nebraska

Source: Ownwell

0.98%

1.52%

2.06%

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 Milford Tax Rate

1.34%

Median Effective Saline County Tax Rate

1.73%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Milford, Saline County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Milford, Saline County, Nebraska

When examining property taxes in Milford, 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 Saline 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 Saline County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Milford.

For example, the median home price in Milford is $491,695, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Milford, Saline County, Nebraska

Source: Ownwell

$58,285

$213,623

$368,960

Median Milford Market Value

$491,695

Median Saline County Market Value

$121,445

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Milford, Saline County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Milford, Saline County, Nebraska

In Milford, part of Saline County, Nebraska, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Milford is $491,695, significantly higher than the national median, which affects the overall tax bill. Homeowners in Milford face a median property tax bill that can vary widely, with the 25th percentile at $3,353 and the 75th percentile reaching $6,639. These figures are notably above the national median property tax bill of $2,400.

For homeowners, these tax bills can represent a significant financial burden, especially when they exceed the national median. That's where Ownwell's expertise comes into play. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax obligations. Our team examines your property's assessed value and identifies discrepancies or opportunities for exemption, ensuring you pay only what's fair. This service not only alleviates financial pressure but also provides peace of mind, knowing that your property tax bill is accurate and just.

Property Tax Bills Across Milford, Saline County, Nebraska

Source: Ownwell

$746

$3,092

$5,438

Median Milford Tax Bill

$5,696

Median Saline County Tax Bill

$2,074

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Milford, Saline County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell