Wilber, Nebraska Property Taxes
The median property tax rate in Wilber, NE is 0.81%, notably lower than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Wilber, the typical annual property tax bill reaches $3,309, surpassing the national median of $2,690. Property taxes in Wilber 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 Wilber'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 Wilber 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
Wilber, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,772
Ownwell’s Wilber Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wilber with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilber 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 Wilber, Nebraska
Property taxes in Wilber, Nebraska, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilber is 1.68%, significantly higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Wilber set these rates annually, and they can vary across different neighborhoods. Each year, Wilber 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 Wilber's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68465 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these areas compare with Wilber provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilber Tax Rate
0.81%
Average Lancaster County Tax Rate
1.51%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilber, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68465 | 0.22% | 0.44% | 0.81% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Wilber, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilber, 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 Lancaster 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. 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. The median home price in Wilber is $342,200, with tax bills ranging from the 25th percentile at $1,698 to the 75th percentile at $3,587, and the 90th percentile reaching $3,754. The highest and lowest median tax bills are both in the 68465 zip code, at $3,309. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilber Assessed Value
$342,200
Average Lancaster County Assessed Value
$238,100
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilber, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68465 | $163,320 | $230,400 | $342,200 | $375,100 | $394,840 |
Source: Ownwell
Property Tax Bills Across Wilber, Nebraska
In Wilber, located in Saline County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $342,200, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and improvements can influence the assessed value. In Wilber, the 25th percentile tax bill is around $1,698, while the 75th percentile tax bill reaches $3,587, and the 90th percentile tax bill is approximately $3,754. These figures highlight the range of property tax obligations homeowners might face. Understanding these factors is crucial for homeowners, as property taxes significantly impact annual housing costs. By staying informed, homeowners can better anticipate their financial responsibilities and plan accordingly.
Average Wilber Tax Bill
$3,309
Average Lancaster County Tax Bill
$3,561
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilber, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68465 | $731 | $1,698 | $3,309 | $3,587 | $3,754 |
Source: Ownwell