Wisner, Nebraska Property Taxes
The median property tax rate in Wisner, NE is 1.19%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $120,615 in Wisner, the typical annual property tax bill amounts to $1,405, falling below the national median of $2,690. Property taxes in Wisner are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wisner'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 Wisner or another part of Cuming County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wisner, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,435
$1,332
Ownwell’s Wisner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wisner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wisner 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 Wisner, Nebraska
Property taxes in Wisner, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wisner is 2.09%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Wisner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wisner 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 Wisner's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68791 zip code has the highest median property tax rate of 2.09%, while the 68791 zip code also has the lowest median tax rate of 2.09%. Understanding how these areas compare with Wisner provides valuable insights into the varying tax landscape across Cuming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wisner Tax Rate
1.19%
Average Cuming County Tax Rate
1.19%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wisner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68791 | 0.88% | 0.98% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Wisner, Nebraska
In Wisner, 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 Cuming 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 Wisner, 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 Wisner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wisner is $120,615, with tax bills ranging from $776 at the 25th percentile to $5,768 at the 90th percentile. Notably, the zip code 68791 has the highest median tax bill of $1,405.
Average Wisner Assessed Value
$120,615
Average Cuming County Assessed Value
$148,485
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wisner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68791 | $32,892 | $66,928 | $120,615 | $244,076 | $589,293 |
Source: Ownwell
Property Tax Bills Across Wisner, Nebraska
Property tax bills in Wisner, located in Cuming County, NE, are determined by a combination of the assessed value of your property and the local tax rate. The assessed value is based on the market value of your home, with the median home price in Wisner being $120,615. Local authorities then apply the tax rate to this assessed value to calculate your annual property tax bill. Factors influencing the tax bill include property size, location, and any improvements made to the property. For instance, homes at the 25th percentile of tax bills pay around $776 annually, while those at the 75th percentile pay approximately $2,783. At the higher end, the 90th percentile sees tax bills of about $5,768. Compared to the national median property tax rate of 0.99%, Wisner's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. This variation emphasizes the importance of understanding how local assessments and tax rates affect your financial responsibilities as a homeowner.
Average Wisner Tax Bill
$1,405
Average Cuming County Tax Bill
$1,766
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Wisner, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68791 | $364 | $776 | $1,405 | $2,783 | $5,768 |
Source: Ownwell