Wiggins, Nebraska Property Taxes
The median property tax rate in Wiggins, NE is 0.85%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Wiggins at $412,814, the typical annual property tax bill reaches $3,529, significantly higher than the national median of $2,690. Property taxes in Wiggins are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wiggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wiggins 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
Wiggins, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$3,509
$3,256
Ownwell’s Wiggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wiggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wiggins 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 Wiggins, Nebraska
Property taxes in Wiggins, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wiggins is 1.25%, higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Wiggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wiggins 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 Wiggins's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69361 zip code has the highest median property tax rate of 1.61%, while the 69352 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Wiggins provides valuable insights into the varying tax landscape across Chase County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wiggins Tax Rate
0.85%
Average Chase County Tax Rate
1.56%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wiggins, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Wiggins, Nebraska
In Wiggins, 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 Chase 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 Wiggins, 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 Wiggins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 80654 in Wiggins has the highest and lowest median tax bill, both at $3,529.
Average Wiggins Assessed Value
$412,814
Average Chase County Assessed Value
$109,606
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wiggins, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $412,814 | $412,814 | $412,814 | $412,814 | $412,814 |
Source: Ownwell
Property Tax Bills Across Wiggins, Nebraska
In Wiggins, located in Chase County, NE, property tax bills are determined based on the assessed value of the home, which is derived from the market value. The median home price in Wiggins is $412,814, and the property tax rate is applied to this assessed value to calculate the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Wiggins face a median property tax bill of $3,529, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual expenses, potentially affecting their overall cost of living and financial planning. It's crucial for homeowners to understand these factors and how they contribute to their property tax obligations, as it allows for better budgeting and financial preparedness. The consistency of the tax bill across various percentiles indicates a uniform approach to property tax assessment in the region.
Average Wiggins Tax Bill
$3,529
Average Chase County Tax Bill
$1,428
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Wiggins, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 80654 | $3,529 | $3,529 | $3,529 | $3,529 | $3,529 |
Source: Ownwell