Milford, Seward County, Nebraska Property Taxes
Last Updated March 1, 2025
Milford, Seward County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.79%
Estimate Property Tax Bill
$3,244
$3,010
Property Tax Rates Across Milford, Seward County, Nebraska
Local government entities determine tax rates, leading to significant variations within a state. Annually, each county calculates its budgetary needs for services and divides this by the total value of all taxable property in its area. This process determines the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is the core of the annual procedure.
In Milford, located in Seward County, the effective property tax rate stands out when compared to other cities in Nebraska. The median property tax rate here is notably higher than the national median of 1.02%. This comparison highlights the differences in tax burdens homeowners might experience depending on their location. Understanding these variations is crucial for property owners, as it directly impacts their annual tax bills.
For those looking to manage their property tax obligations effectively, being aware of these rates and how they are set can provide valuable insights. By comparing Milford’s effective property tax rate to other cities in Nebraska and the national median, property owners can better anticipate their financial responsibilities.
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
1.79%
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 Seward County Tax Rate
1.59%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Milford, Seward County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68405 | 1.33% | 1.34% | 1.79% | 1.79% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Milford, Seward 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 Seward 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.
In Seward 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 Milford.
For example, the median home price in Milford is $181,212, with tax bills ranging significantly across the county. Zip code 68405 has the highest median home price at $181,212.
Property Tax Assessment Values Across Milford, Seward County, Nebraska
Source: Ownwell

$70,780
$233,559
$396,338
Median Milford Market Value
$181,212
Median Seward County Market Value
$185,126
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Milford, Seward County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68405 | $58,972 | $126,427 | $181,212 | $272,705 | $410,485 |
Source: Ownwell
Property Tax Bills Across Milford, Seward County, Nebraska
Median Milford Tax Bill
$3,014
Median Seward County Tax Bill
$2,810
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Milford, Seward County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
68405 | $801 | $2,057 | $3,014 | $4,277 | $6,018 |
Source: Ownwell