Winnebago, Nebraska Property Taxes
The median property tax rate in Winnebago, NE is 1.87%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Winnebago, the typical annual property tax bill reaches $1,690, which is below the national median of $2,690. Property taxes in Winnebago are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winnebago'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 Winnebago 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
Winnebago, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$1,779
Ownwell’s Winnebago Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winnebago with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winnebago to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Winnebago, Nebraska
Property taxes in Winnebago, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winnebago is 1.87%, significantly higher than the U.S. national median of 0.99%. Local government entities within Winnebago set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnebago 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 Winnebago's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 68071 has the highest median property tax rate of 1.87%, while zip code 68047 has the lowest median tax rate of 1.54%. Understanding how these cities compare with Winnebago provides valuable insights into the varying tax landscape across Thurston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winnebago Tax Rate
1.87%
Average Thurston County Tax Rate
1.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnebago, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68047 | 1.54% | 1.54% | 1.54% | 1.54% | 1.54% |
| 68071 | 1.53% | 1.54% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Winnebago, Nebraska
In Winnebago, 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 Thurston County Appraisal District 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 Winnebago, 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. The zip code with the highest median tax bill is 68071, standing at $1,779. By being aware of these valuation processes, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winnebago Assessed Value
$95,130
Average Thurston County Assessed Value
$86,240
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winnebago, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68047 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 |
| 68071 | $9,064 | $19,629 | $96,022 | $206,600 | $407,574 |
Source: Ownwell
Property Tax Bills Across Winnebago, Nebraska
In Winnebago, property tax bills are calculated based on the assessed value of a home, which is determined by the Thurston County assessor's office. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. This value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Winnebago experience a range of property tax bills, with the 25th percentile at $373 and the 75th percentile at $3,840, indicating a significant variation depending on property values and assessments. The highest median tax bill in the area is $1,779, found in the 68071 zip code. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding how these factors influence property tax bills can help homeowners better anticipate their annual expenses and plan their finances accordingly.
Average Winnebago Tax Bill
$1,690
Average Thurston County Tax Bill
$1,554
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnebago, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68047 | $69 | $69 | $69 | $69 | $69 |
| 68071 | $179 | $384 | $1,779 | $3,854 | $6,188 |
Source: Ownwell