Malmo, Saunders County, Nebraska Property Taxes
- Median Malmo, NE effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
- Median Malmo, NE home value: $240,167
- Median annual Malmo, NE tax bill: $3,166, $766 higher than the national median property tax bill of $2,400.
How are property taxes in Saunders County calculated?
Property taxes in Malmo, 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 Malmo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Malmo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Malmo, Saunders County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$2,716
$2,521
Property Tax Rates Across Malmo, Saunders County, Nebraska
Local government entities set tax rates, which can vary widely within a state. 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.
Malmo in Saunders County, Nebraska, has a property tax rate of 1.43%, which is above the national median of 1.02% but aligns with the state median. This rate is the highest and lowest within the area, showcasing a uniformity in tax rates across this part of Nebraska. Compared to the national median property tax bill of $2,400, property owners in Malmo may find their tax bills reflective of the higher rate. Understanding these rates is crucial for property owners when planning their finances and considering property investments. Aligning with the state median, Malmo's rate underscores the importance of evaluating local property tax trends for informed financial decisions.
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 Malmo Tax Rate
0.92%
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 Saunders County Tax Rate
1.22%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Malmo, Saunders County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68040 | 0.76% | 0.86% | 0.92% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Malmo, Saunders County, Nebraska
When examining property taxes in Malmo, 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 Saunders 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.
In Saunders 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 Malmo. For example, the median home price in Malmo is $240,167, with tax bills ranging significantly across the county. Zip code 68040 has the highest median home price at $240,167.
Property Tax Assessment Values Across Malmo, Saunders County, Nebraska
Source: Ownwell
$117,566
$255,720
$393,874
Median Malmo Market Value
$295,246
Median Saunders County Market Value
$244,236
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Malmo, Saunders County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68040 | $61,490 | $112,311 | $295,246 | $536,611 | $646,952 |
Source: Ownwell
Property Tax Bills Across Malmo, Saunders County, Nebraska
Median Malmo Tax Bill
$2,540
Median Saunders County Tax Bill
$2,854
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Malmo, Saunders County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68040 | $533 | $1,183 | $2,540 | $4,588 | $5,926 |
Source: Ownwell