Wilcox, Franklin County, Nebraska Property Taxes
Median Wilcox, NE effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Wilcox, NE home value: $253,082
Median annual Wilcox, NE tax bill: $3,042, $642 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Wilcox, 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 Wilcox’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wilcox, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wilcox, Franklin County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$3,012
$2,795
Ownwell’s WILCOX Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in WILCOX with just two data points.
By entering your property's estimated assessed value, our calculator applies WILCOX’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 Franklin.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Wilcox, Franklin County, Nebraska
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their budget needs for services and divide that by the total value of all taxable property within their jurisdiction to determine the property tax rate. This process, though influenced by votes and laws, is how tax rates and budgets are set annually.
Comparing Wilcox’s effective property tax rate to other cities in Nebraska and the national median reveals interesting insights. The median property tax rate in Nebraska is slightly above the national median of 1.02%, reflecting the state's approach to funding local services. Wilcox, located in Franklin County, shares this rate, which is consistent across the county. This uniformity provides a predictable tax environment for property owners.
Understanding these rates is crucial for property owners considering tax appeals or exemptions. By comparing local rates to state and national figures, property owners can better assess their tax situation and make informed decisions about potential appeals.
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 Wilcox Tax Rate
1.19%
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 Franklin County Tax Rate
1.73%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wilcox, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | 1.18% | 1.19% | 1.19% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Wilcox, Franklin County, Nebraska
When examining property taxes in Wilcox, 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 Franklin County Assessor 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 Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Wilcox. For example, the median home price in Wilcox is $253,082, with tax bills ranging significantly across the county. Zip code 68982 has the highest median home price at $253,082.
Property Tax Assessment Values Across Wilcox, Franklin County, Nebraska
Source: Ownwell
$19,000
$136,041
$253,082
Median Wilcox Market Value
$253,082
Median Franklin County Market Value
$50,605
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wilcox, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | $71,530 | $129,780 | $253,082 | $700,394 | $943,579 |
Source: Ownwell
Property Tax Bills Across Wilcox, Franklin County, Nebraska
In Wilcox, Franklin County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $253,082. Local tax rates are applied to this assessed value to determine the total tax bill. Homeowners in Wilcox can expect tax bills ranging from $1,557 at the 25th percentile to $11,229 at the 90th percentile. The median property tax bill in Franklin County stands at $3,042, which is above the national median of $2,400. This higher rate can significantly impact homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expert knowledge and local insights, Ownwell helps ensure that property assessments are fair and accurate, potentially reducing tax burdens. This service can lead to significant savings, allowing homeowners to better manage their finances and invest in their properties.
Median Wilcox Tax Bill
$3,042
Median Franklin County Tax Bill
$872
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Wilcox, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | $861 | $1,557 | $3,042 | $8,274 | $11,229 |
Source: Ownwell