Willow Island, Nebraska Property Taxes
The median property tax rate in Willow Island, NE is 1.56%, which is notably higher than the national median of 0.99% but lower than Nebraska's state median of 1.75%. With a median home value of $105,210, the typical annual property tax bill in Willow Island reaches $1,815, falling short of the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Willow Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Willow Island or another part of Dawson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willow Island, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,641
Ownwell’s Willow Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Island to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Willow Island, Nebraska
Property taxes in Willow Island, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow Island is 1.56%, significantly higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Willow Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow Island estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Willow Island's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69171 has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these areas compare with Willow Island provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willow Island Tax Rate
1.56%
Average Dawson County Tax Rate
1.81%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow Island, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69171 | 1.53% | 1.55% | 1.56% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Willow Island, Nebraska
In Willow Island, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Dawson County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Willow Island, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Willow Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,815, found in zip code 69171.
Average Willow Island Assessed Value
$105,210
Average Dawson County Assessed Value
$101,091
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willow Island, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69171 | $42,240 | $53,092 | $105,210 | $145,292 | $304,823 |
Source: Ownwell
Property Tax Bills Across Willow Island, Nebraska
In Willow Island, Dawson County, NE, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in this region experience a range of property tax bills, influenced by factors such as property size, location, and improvements. For instance, the median home price is $105,210, and tax bills can vary significantly, with the 25th percentile at $764 and the 75th percentile reaching $2,138. The highest median tax bill in the area is $1,815. These tax bills are essential for funding local services such as schools, infrastructure, and emergency services. Homeowners need to be aware of how these assessments impact their annual expenses, as higher property values typically result in higher tax bills. Comparing this to the national median property tax rate of 0.99%, Willow Island's property tax rates can be seen as relatively moderate, providing a balanced approach to funding essential community services while maintaining affordability for residents.
Average Willow Island Tax Bill
$1,815
Average Dawson County Tax Bill
$1,900
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Island, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69171 | $483 | $764 | $1,815 | $2,138 | $4,657 |
Source: Ownwell