Milford, Seward County, Nebraska Property Taxes

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

Median Milford, NE effective property tax rate: 1.79%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Milford, NE home value: $181,212. Median annual Milford, NE tax bill: $3,014, $614 higher than the national median property tax bill of $2,400. How are property taxes in Seward 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, Seward County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.79%

Estimate Property Tax Bill

$3,244

$3,010

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 Seward County. For those interested in more localized information, please scroll down to explore city-level trends!

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.

Property Tax Rates Across Milford, Seward County, Nebraska

Source: Ownwell

0.95%

1.37%

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 Milford Tax Rate

1.79%

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

In Milford, located in Seward County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value and is determined by local tax authorities. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Milford face a range of property tax bills, with the 25th percentile at $2,057 and the 75th percentile at $4,277. This indicates variability in tax burdens, influenced by factors like property location and local tax levies. The highest median tax bill in Milford is $3,014, which aligns with the lowest, highlighting consistency in certain areas. Compared to the national median tax bill of $2,400, Milford homeowners may experience higher costs. Ownwell can assist homeowners in Milford by reviewing their property tax assessments for accuracy and identifying potential savings through appeals or exemptions. By leveraging expertise in local tax regulations, Ownwell helps reduce unnecessary tax burdens, ensuring homeowners pay only their fair share.

Property Tax Bills Across Milford, Seward County, Nebraska

Source: Ownwell

$863

$3,165

$5,466

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