Wauneta, Nebraska Property Taxes
The median property tax rate in Wauneta, Nebraska is 1.24%, which is notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Wauneta at $257,234, the typical annual property tax bill amounts to $3,262, surpassing the national median of $2,690. Property taxes in Wauneta are determined based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wauneta'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 Wauneta or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wauneta, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,190
Ownwell’s Wauneta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wauneta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wauneta 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 Wauneta, Nebraska
Property taxes in Wauneta, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wauneta is 1.24%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Wauneta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wauneta 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 Wauneta's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69045 zip code has the highest median property tax rate of 1.24%, while the 69045 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Wauneta provides valuable insights into the varying tax landscape across Dundy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wauneta Tax Rate
1.24%
Average Dundy County Tax Rate
1.23%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wauneta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69045 | 0.89% | 1.24% | 1.24% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Wauneta, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wauneta, 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 Dundy County Assessor 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 Wauneta, 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 Wauneta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69045 has both the highest and lowest median tax bill at $3,262.
Average Wauneta Assessed Value
$257,234
Average Dundy County Assessed Value
$60,885
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wauneta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69045 | $65,896 | $133,597 | $257,234 | $383,311 | $567,818 |
Source: Ownwell
Property Tax Bills Across Wauneta, Nebraska
In Wauneta, located in Dundy County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value takes into account various factors, including the property's market value, location, and any improvements made. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $257,234, homeowners in Wauneta can expect their tax bills to vary widely. The tax bill at the 25th percentile is around $1,479, while at the 75th percentile, it can reach up to $4,565. For those at the 90th percentile, the tax bill can soar to $6,802. These variations highlight how different factors, such as property improvements and local tax rates, can significantly impact the final tax amount. Compared to the national median property tax rate of 0.99%, homeowners in Wauneta experience a range of tax bills that reflect both the value of their property and the specific local tax rates in Dundy County. This system ensures that property taxes are proportionate to the value and condition of each home, providing a fair approach to funding local services and infrastructure.
Average Wauneta Tax Bill
$3,262
Average Dundy County Tax Bill
$729
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Wauneta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69045 | $905 | $1,479 | $3,262 | $4,565 | $6,802 |
Source: Ownwell