Wood River, Adams County, Nebraska Property Taxes
Median WOOD RIVER, NE effective property tax rate: 1.82%, 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: $56,732
Median annual WOOD RIVER, NE tax bill: $893, $1,507 lower than the national median property tax bill of $2,400.
How are property taxes in Adams County 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, Adams County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$1,033
$958
Ownwell’s Wood River Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wood River with just two data points. By entering your property's estimated assessed value, our calculator applies Wood River’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Adams County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Wood River, Adams 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 Wood River Tax Rate
1.82%
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 Adams County Tax Rate
2.25%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wood River, Adams County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68883 | 1.28% | 1.58% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Wood River, Adams County, Nebraska
When examining property taxes in Wood River, NE, 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 Adams 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 Adams 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 Wood River. For example, the median home price in Wood River is $56,732, with tax bills ranging significantly across the county. Zip code 68883 has the highest median home price at $56,732.
Property Tax Assessment Values Across Wood River, Adams County, Nebraska
Source: Ownwell
$56,732
$296,748
$536,763
Median Wood River Market Value
$56,732
Median Adams County Market Value
$124,114
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wood River, Adams County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68883 | $9,658 | $24,481 | $56,732 | $118,294 | $277,247 |
Source: Ownwell
Property Tax Bills Across Wood River, Adams County, Nebraska
In Wood River, located in Adams County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price here is $56,732. The property tax rate in this area is applied to the assessed value to determine the tax bill. With a median property tax bill of $893, Wood River homeowners pay significantly less than the national median property tax bill of $2,400. Factors impacting the tax bill include the home's assessed value and the local tax rate. Homeowners in Wood River can see tax bills ranging from $325 at the 25th percentile to $4,474 at the 90th percentile.
Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and identifying potential exemptions or errors. By appealing inaccurate assessments, Ownwell helps homeowners lower their property tax bills, ensuring they pay only what is fair. This service can be particularly beneficial in areas like Wood River, where tax savings can make a meaningful difference.
Median Wood River Tax Bill
$893
Median Adams County Tax Bill
$2,530
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Wood River, Adams County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68883 | $141 | $325 | $893 | $2,124 | $4,474 |
Source: Ownwell