Winnetoon, Knox County, Nebraska Property Taxes
Median Winnetoon, NE effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Winnetoon, NE home value: $124,320
Median annual Winnetoon, NE tax bill: $1,395, $1,005 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Winnetoon, 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 Winnetoon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Winnetoon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Winnetoon, Knox County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$1,492
$1,384
Property Tax Rates Across Winnetoon, Knox County, Nebraska
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 Winnetoon Taxx Rate
1.20%
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 Knox County Taxx Rate
1.28%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Winnetoon, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68789 | 0.96% | 1.16% | 1.20% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Winnetoon, Knox County, Nebraska
When examining property taxes in Winnetoon, 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 Knox County Assessor's Office 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 Knox County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Winnetoon. For example, the median home price in Winnetoon is $124,320, with tax bills ranging significantly across the county. ZIP code 68789 has the highest median home price at $124,320.
Property Tax Assessment Values Across Winnetoon, Knox County, Nebraska
Source: Ownwell
$45,555
$180,993
$316,430
Median Winnetoon Market Value
$124,320
Median Knox County Market Value
$96,140
Median Nebraska Market Value
$182,439
Median United States Market Value
$244,900
Property Tax Assessment Values Across Winnetoon, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68789 | $12,218 | $27,960 | $124,320 | $346,038 | $412,587 |
Source: Ownwell
Property Tax Bills Across Winnetoon, Knox County, Nebraska
In Winnetoon, located in Knox County, NE, property tax bills are primarily determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. For Winnetoon homeowners, the median property tax bill is $1,395, which is significantly lower than the national median of $2,400. Factors influencing the tax bill include property characteristics and local government budgets. For some homeowners, tax bills can range from $422 at the 25th percentile to $4,805 at the 90th percentile, illustrating the variation based on property valuation and location within the area.
Navigating property taxes can be complex, but Ownwell offers valuable assistance by identifying potential savings through appeals and exemptions. By thoroughly analyzing property assessments and ensuring that homeowners are not overpaying, Ownwell helps reduce the financial burden of property taxes, allowing homeowners to keep more of their hard-earned money.
Median Winnetoon Tax Bill
$1,395
Median Knox County Tax Bill
$1,362
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,690
Property Tax Bills Across Winnetoon, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68789 | $126 | $422 | $1,395 | $3,652 | $4,805 |
Source: Ownwell