Winside, Nebraska Property Taxes
The median property tax rate in Winside, NE is 1.80%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Winside at $121,102, the typical annual property tax bill reaches $2,052, which is below the national median of $2,690. Property taxes in Winside are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winside'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 Winside or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winside, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,180
Ownwell’s Winside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winside 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 Winside, Nebraska
Property taxes in Winside, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winside is 1.80%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Winside set these rates annually, and they can vary across different neighborhoods. Each year, Winside 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 Winside's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68790 has the same median property tax rate of 1.80%. Understanding how these areas compare with Winside provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winside Tax Rate
1.80%
Average Wayne County Tax Rate
1.74%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68790 | 1.19% | 1.20% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Winside, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Winside, Nebraska. 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 Wayne 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 Winside, 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. For example, the zip code 68790 has the highest median tax bill at $2,052. By being aware of these valuation processes, property owners in Winside can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winside Assessed Value
$121,102
Average Wayne County Assessed Value
$145,345
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68790 | $37,868 | $68,745 | $121,102 | $262,854 | $880,610 |
Source: Ownwell
Property Tax Bills Across Winside, Nebraska
In Winside, Wayne County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in Winside see a wide range in their tax bills, influenced by factors such as property size, location, and improvements. For instance, the tax bill at the 25th percentile is around $1,069, while it reaches up to $3,795 at the 75th percentile. At the 90th percentile, homeowners might pay as much as $10,672. These tax bills are essential for funding local services like schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, the rates in Winside reflect the local economic conditions and funding needs. For homeowners, understanding these factors can help in budgeting and financial planning, ensuring they are prepared for their annual property tax obligations.
Average Winside Tax Bill
$2,052
Average Wayne County Tax Bill
$2,361
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Winside, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68790 | $622 | $1,069 | $2,052 | $3,795 | $10,672 |
Source: Ownwell