Waterloo, Douglas County, Nebraska Property Taxes

Name: Property Tax Bills Across Waterloo, Douglas County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waterloo, NE effective property tax rate: 1.63%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Waterloo, NE home value: $325,300. Median annual Waterloo, NE tax bill: $4,770, $2,370 higher than the national median property tax bill of $2,400.

How are property taxes in Douglas calculated?

Property taxes in Waterloo, 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 Waterloo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterloo, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waterloo, Douglas County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.63%

Estimate Property Tax Bill

$5,302

$4,920

Ownwell’s Waterloo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterloo with just two data points. By entering your property's estimated assessed value, our calculator applies Waterloo’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 Douglas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterloo, Douglas County, Nebraska

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the annual process in a nutshell.

In Waterloo, located in Douglas County, Nebraska, the effective property tax rate reflects the county's budgeting needs and the total value of taxable properties. Nebraska's median property tax rate stands at 1.63%, significantly higher than the national median of 1.02%. This rate underscores the importance of understanding how local tax rates compare to state and national averages.

Comparing Waterloo's effective property tax rate to other cities within Nebraska and the national median provides valuable insights for property owners. It highlights the variability of tax burdens and the potential benefits of property tax appeal services. Understanding these differences can empower property owners to make informed decisions and potentially reduce their property tax obligations.

Property Tax Rates Across Waterloo, Douglas County, Nebraska

Source: Ownwell

1.41%

2.20%

2.99%

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 Waterloo Tax Rate

1.63%

Median Effective Douglas County Tax Rate

1.96%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waterloo, Douglas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68069	1.07%	1.32%	1.63%	1.79%	1.80%

Source: Ownwell

Property Tax Assessment Values Across Waterloo, Douglas County, Nebraska

When examining property taxes in Waterloo, 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 Douglas 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. Assessment notices: In Douglas 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 Waterloo. For example, the median home price in Waterloo is $325,300, with tax bills ranging significantly across the county. 68069 has the highest median home price at $325,300.

Property Tax Assessment Values Across Waterloo, Douglas County, Nebraska

Source: Ownwell

$26,200

$379,695

$733,190

Median Waterloo Market Value

$325,300

Median Douglas County Market Value

$206,800

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waterloo, Douglas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68069	$82,140	$179,700	$325,300	$691,010	$1,048,046

Source: Ownwell

Property Tax Bills Across Waterloo, Douglas County, Nebraska

In Waterloo, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value, resulting in the annual property tax bill. Factors influencing the assessed value include the home's market value, location, and property improvements. Homeowners in Waterloo face property tax bills that can vary significantly, with the 25th percentile at $2,647 and the 75th percentile reaching $10,204. The highest median property tax bill in the area is $4,770, which is above the national median property tax bill of $2,400. This can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations and market conditions, Ownwell can help reduce the assessed value, ultimately lowering the property tax bill and alleviating financial stress for homeowners.

Property Tax Bills Across Waterloo, Douglas County, Nebraska

Source: Ownwell

$957

$6,880

$12,802

Median Waterloo Tax Bill

$4,770

Median Douglas County Tax Bill

$3,997

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterloo, Douglas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68069	$979	$2,647	$4,770	$10,204	$18,361

Source: Ownwell