Waterbury, Nebraska Property Taxes
The median property tax rate in Waterbury, NE is 1.36%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $79,595 in Waterbury, the typical annual property tax bill amounts to $1,270, which is below the national median of $2,690. Property taxes in Waterbury are based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Waterbury'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 Waterbury or another part of Dixon County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Waterbury, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,082
-$11,345
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, the calculator applies the median tax rate in Waterbury to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared financially. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Waterbury, Nebraska
Property taxes in Waterbury, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waterbury is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waterbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waterbury 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 Waterbury's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68785 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these areas compare with Waterbury provides valuable insights into the varying tax landscape across Dixon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waterbury Tax Rate
1.36%
Average Dixon County Tax Rate
1.55%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waterbury, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68785 | 1.15% | 1.15% | 1.36% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Waterbury, Nebraska
In Waterbury, 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 Dixon 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 Waterbury, 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. Waterbury's median home price stands at $79,595, with tax bills ranging significantly—from $500 at the 25th percentile to $4,506 at the 90th percentile. The highest and lowest median tax bills are both $1,270 in zip code 68785. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waterbury Assessed Value
$79,595
Average Dixon County Assessed Value
$96,112
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waterbury, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68785 | $3,112 | $33,720 | $79,595 | $194,020 | $350,343 |
Source: Ownwell
Property Tax Bills Across Waterbury, Nebraska
In Waterbury, Dixon County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Several factors influence this assessed value, including the property's location, size, and condition. Homeowners in Waterbury face varying tax bills, with the 25th percentile at $500 and the 75th percentile reaching $2,296. At the higher end, the 90th percentile tax bill can go up to $4,506. These figures highlight the range of property taxes that residents might encounter, influenced by the differing values of homes within the area. Compared to the national median property tax rate of 0.99%, Waterbury's property tax bills can have a significant impact on homeowners, depending on their property's assessed value. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Waterbury Tax Bill
$1,270
Average Dixon County Tax Bill
$1,568
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Waterbury, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68785 | $50 | $500 | $1,270 | $2,296 | $4,506 |
Source: Ownwell