Waco, York County, Nebraska Property Taxes
Median Waco, Nebraska effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Waco, Nebraska home value: $128,482
Median annual Waco, Nebraska tax bill: $1,419, $981 lower than the national median property tax bill of $2,400.
How are property taxes in York County calculated?
Property taxes in Waco, Nebraska 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 Waco’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waco, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waco, York County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$1,812
$1,681
Property Tax Rates Across Waco, York County, Nebraska
Local government entities set tax rates, which can vary widely within a state. This variability stems from each county's annual process of estimating its budgetary needs for providing services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Waco, located in York County, Nebraska, the effective property tax rate stands at 1.41%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Waco's property tax rate to other cities in Nebraska, it aligns with the state's highest and lowest median tax rates. This uniformity in rates across the state indicates a consistent approach to property tax assessments in Nebraska. Despite the higher rate, understanding these nuances can empower homeowners to make informed decisions about their property tax obligations. By staying informed about local tax rates, residents can better navigate their financial responsibilities and potentially explore opportunities for property tax relief.
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 Waco Tax Rate
1.41%
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 York County Tax Rate
1.78%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Waco, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68460 | 0.89% | 0.90% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Waco, York County, Nebraska
When examining property taxes in Waco, 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 York County Appraisal District 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 York 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 Waco. For example, the median home price in Waco is $128,482, with tax bills ranging significantly across the county. Zip code 68460 has the highest median home price at $128,482.
Property Tax Assessment Values Across Waco, York County, Nebraska
Source: Ownwell
$46,650
$102,701
$158,751
Median Waco Market Value
$128,482
Median York County Market Value
$120,076
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Waco, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68460 | $19,832 | $58,498 | $128,482 | $190,405 | $274,677 |
Source: Ownwell
Property Tax Bills Across Waco, York County, Nebraska
Median Waco Tax Bill
$1,419
Median York County Tax Bill
$1,911
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Waco, York County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68460 | $227 | $694 | $1,419 | $2,229 | $3,118 |
Source: Ownwell