Waterbury, Dakota County, Nebraska Property Taxes

Name: Property Tax Bills Across Waterbury, Dakota County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waterbury, NE effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Waterbury, NE home value: $234,445
Median annual Waterbury, NE tax bill: $2,752, $352 higher than the national median property tax bill of $2,400.

How are property taxes in Dakota County calculated?

Property taxes in Waterbury, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Waterbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterbury, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waterbury, Dakota County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$2,790

$2,589

Ownwell’s Waterbury Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterbury with just two data points. By entering your property's estimated assessed value, our calculator applies Waterbury’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dakota County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterbury, Dakota County, Nebraska

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Waterbury, Dakota County, Nebraska, the effective property tax rate is compared to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Nebraska's median property tax rate is 1.19%, which is higher than the national median rate of 1.02%. This indicates that property owners in Nebraska generally face higher property taxes compared to the national average. However, within the state, there can be significant variations in tax rates. Waterbury stands at a unique position with its tax rate, offering a glimpse into the broader taxation landscape of the state. Understanding these differences is crucial for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Waterbury, Dakota County, Nebraska

Source: Ownwell

1.19%

1.61%

2.04%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Waterbury Taxx Rate

1.19%

Median Effective Dakota County Taxx Rate

1.91%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Waterbury, Dakota County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68785	1.16%	1.18%	1.19%	1.20%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Waterbury, Dakota County, Nebraska

When examining property taxes in Waterbury, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dakota County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Dakota County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waterbury.

For example, the median home price in Waterbury is $234,445, with tax bills ranging significantly across the county. Zip code 68785 has the highest median home price at $234,445.

Property Tax Assessment Values Across Waterbury, Dakota County, Nebraska

Source: Ownwell

$125,420

$179,933

$234,445

Median Waterbury Market Value

$234,445

Median Dakota County Market Value

$134,320

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Waterbury, Dakota County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68785	$133,035	$163,170	$234,445	$325,288	$559,935

Source: Ownwell

Property Tax Bills Across Waterbury, Dakota County, Nebraska

In Waterbury, Nebraska, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value typically reflects a percentage of the home's market value. Factors such as local government budgets and school district funding needs influence this rate. Homeowners in Waterbury face a median property tax bill of $2,752, which is above the national median of $2,400, indicating a significant financial obligation for many residents. The tax bill can vary widely, with the 25th percentile at $1,837 and the 75th percentile reaching $3,634. For some, it even climbs to $6,686 at the 90th percentile, underscoring the potential burden on homeowners. Ownwell offers valuable assistance by identifying opportunities for tax appeals and exemptions, potentially lowering these bills. By leveraging expertise in property tax assessments, Ownwell can help homeowners ensure their property is fairly assessed, leading to potential savings and reducing the financial strain of high property taxes.

Property Tax Bills Across Waterbury, Dakota County, Nebraska

Source: Ownwell

$1,755

$2,331

$2,907

Median Waterbury Tax Bill

$2,752

Median Dakota County Tax Bill

$2,267

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Waterbury, Dakota County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68785	$1,566	$1,837	$2,752	$3,634	$6,686

Source: Ownwell