Wood Lake, Brown County, Nebraska Property Taxes
Median Wood Lake, NE effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Wood Lake, NE home value: $432,550
Median annual Wood Lake, NE tax bill: $4,510, $2,110 higher than the national median property tax bill of $2,400.
How are property taxes in Brown County calculated?
Property taxes in Wood Lake, 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 Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wood Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wood Lake, Brown County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$4,499
$4,175
Property Tax Rates Across Wood Lake, Brown County, Nebraska
Local government entities determine property tax rates, leading to significant variations within Nebraska. Annually, each county, including Brown County, calculates its required budget to provide essential services. This budget is divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While voting and legislation play roles in determining these rates and budgets, this is the core of the annual process.
In Wood Lake, located in Brown County, the effective property tax rate reflects this process. For context, Nebraska's median property tax rate is 1.04%, slightly above the national median of 1.02%. This comparison highlights the importance of understanding local tax rates, as they can significantly impact property owners' financial obligations.
By examining Wood Lake's effective property tax rate alongside other Nebraska cities and the national median, property owners can gain valuable insights into their tax responsibilities. Understanding these differences is crucial for making informed decisions about property investments and managing tax obligations effectively.
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 Lake Tax Rate
1.04%
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 Brown County Tax Rate
1.50%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wood Lake, Brown County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69221 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Wood Lake, Brown County, Nebraska
When examining property taxes in Wood Lake, 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 Brown 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 Brown County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lake.
For example, the median home price in Wood Lake is $432,550, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Wood Lake, Brown County, Nebraska
Source: Ownwell
$84,072
$118,836
$153,600
Median Wood Lake Market Value
$432,550
Median Brown County Market Value
$87,245
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wood Lake, Brown County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69221 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Wood Lake, Brown County, Nebraska
In Wood Lake, located in Brown County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. The median home price in Wood Lake is $432,550, leading to a property tax bill of approximately $4,510, significantly higher than the national median property tax bill of $2,400. Factors such as local government budgets, school funding, and public services influence the tax rate. For homeowners, this means that property taxes can be a substantial financial burden, especially when compared to the national median property tax rate of 1.02%.
Ownwell assists homeowners by providing expert property tax appeal and exemption services. Our team analyzes your property’s assessed value to identify potential inaccuracies or overvaluations. By filing an appeal on your behalf, Ownwell can help reduce your property tax bill, ensuring you only pay your fair share.
Median Wood Lake Tax Bill
$4,510
Median Brown County Tax Bill
$1,181
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Wood Lake, Brown County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69221 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell