Wauneta, Nebraska Property Taxes
The median property tax rate in Wauneta, NE is 1.20%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Wauneta at $200,652, the typical annual property tax bill is around $2,445, which is below the national median of $2,690. Property taxes in Wauneta are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Wauneta'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 Wauneta 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
Wauneta, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,408
-$25,234
Ownwell’s Wauneta Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Wauneta. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Wauneta to provide a reliable estimate of your property tax bill. This allows you to gain a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available as you scroll down. Remember, your property’s assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Wauneta, Nebraska
Property taxes in Wauneta, Nebraska, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wauneta stands at 1.20%, which is notably higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Wauneta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wauneta 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 Wauneta's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69045 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Wauneta provides valuable insights into the varying tax landscape across Hayes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wauneta Tax Rate
1.20%
Average Hayes County Tax Rate
1.18%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wauneta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69045 | 1.03% | 1.18% | 1.20% | 1.21% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Wauneta, Nebraska
In Wauneta, 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 Hayes 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 Wauneta, 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 Wauneta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wauneta are both $2,445, found in zip code 69045.
Average Wauneta Assessed Value
$200,652
Average Hayes County Assessed Value
$126,295
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wauneta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69045 | $58,473 | $89,786 | $200,652 | $434,011 | $686,435 |
Source: Ownwell
Property Tax Bills Across Wauneta, Nebraska
In Wauneta, Hayes County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in Wauneta can expect property tax bills to vary significantly, influenced by factors such as property size, location, and improvements. For example, the median home price in Wauneta is $200,652. Taxes for homes in the 25th percentile are around $1,004, while those in the 75th percentile reach approximately $4,994. The highest property tax bills, in the 90th percentile, can be as much as $8,252. These figures highlight the range of tax burdens homeowners might face, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Wauneta's tax rates can be relatively moderate or steep, depending on individual property assessments. This variability underscores the importance of understanding local property tax calculations, as they directly impact homeowners' annual financial obligations.
Average Wauneta Tax Bill
$2,445
Average Hayes County Tax Bill
$1,612
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Wauneta, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69045 | $513 | $1,004 | $2,445 | $4,994 | $8,252 |
Source: Ownwell