Wood River, Hall County, Nebraska Property Taxes
Median WOOD RIVER, NE effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median WOOD RIVER, NE home value: $163,024
Median annual WOOD RIVER, NE tax bill: $2,865, $465 higher than the national median property tax bill of $2,400.
How are property taxes in Hall calculated?
Property taxes in WOOD RIVER, 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 WOOD RIVER’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WOOD RIVER, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wood River, Hall County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.55%
Estimate Property Tax Bill
$2,527
$2,345
Property Tax Rates Across Wood River, Hall County, Nebraska
Local government entities set tax rates, which can vary widely within Nebraska. 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. Below, you can compare Wood River’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
Wood River, located in Hall County, has a significant property tax rate when compared to the national median of 1.02%. Nebraska’s median property tax rate stands at 1.55%, which is higher than the national average. This means homeowners in Wood River may pay more in property taxes compared to many other parts of the country. Understanding these rates is crucial for property owners looking to manage their expenses effectively. With the right strategies, you can potentially lower your property tax liability and save money.
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 Wood River Tax Rate
1.55%
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 Hall County Tax Rate
1.65%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wood River, Hall County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68883 | 1.20% | 1.46% | 1.55% | 2.11% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Wood River, Hall County, Nebraska
When examining property taxes in Wood River, 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 Hall County Assessor 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 Hall County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Wood River.
For example, the median home price in Wood River is $163,024, with tax bills ranging significantly across the county. Zip code 68883 has the highest median home price at $163,024.
Property Tax Assessment Values Across Wood River, Hall County, Nebraska
Source: Ownwell
$88,658
$202,440
$316,221
Median Wood River Market Value
$163,024
Median Hall County Market Value
$168,820
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wood River, Hall County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68883 | $62,351 | $100,144 | $163,024 | $279,727 | $584,402 |
Source: Ownwell
Property Tax Bills Across Wood River, Hall County, Nebraska
In Wood River, located in Hall County, NE, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual property tax bill. Homeowners in Wood River face a median property tax bill of $2,865, which is higher than the national median of $2,400. This discrepancy highlights the importance of understanding how local tax rates and property assessments can impact homeowners' financial obligations.
Factors influencing the tax bill include the property's assessed value, local levy rates, and any applicable exemptions. For homeowners, these taxes can significantly affect their annual budget, making it crucial to ensure assessments are accurate and fair.
Ownwell offers a valuable service to homeowners by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies or opportunities for exemptions, Ownwell helps homeowners in Wood River potentially reduce their property tax bills, providing financial relief and peace of mind.
Median Wood River Tax Bill
$2,865
Median Hall County Tax Bill
$2,705
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Wood River, Hall County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68883 | $970 | $1,751 | $2,865 | $4,554 | $8,369 |
Source: Ownwell