Wilcox, Kearney County, Nebraska Property Taxes
Median Wilcox, NE effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Wilcox, NE home value: $93,932
Median annual Wilcox, NE tax bill: $1,371, $1,029 lower than the national median property tax bill of $2,400.
How are property taxes in Kearney 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, Kearney County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$1,079
$1,001
Property Tax Rates Across Wilcox, Kearney County, Nebraska
Local government entities are responsible for setting tax rates, which can differ significantly across a state. This is because each county annually estimates the budget needed to provide essential services, dividing it by the total value of all taxable properties within its boundaries. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the crux of the annual procedure.
In Wilcox, located in Kearney County, Nebraska, the effective property tax rate provides an interesting point of comparison. Nebraska's median property tax rate stands at 1.52%, which is notably higher than the national median of 1.02%. This places Nebraska among the states with higher property tax rates in the country. For residents of Wilcox, this means property taxes are a significant consideration when budgeting for homeownership. Understanding how these rates compare can offer valuable insights for homeowners and prospective buyers. By staying informed, residents can make better financial decisions and potentially explore opportunities for tax appeals or exemptions to alleviate the tax burden.
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
1.10%
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 Kearney County Tax Rate
1.33%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wilcox, Kearney County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | 0.67% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Wilcox, Kearney 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 Kearney 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 Kearney 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 Wilcox. For example, the median home price in Wilcox is $93,932, with tax bills ranging significantly across the county. Zip code 68982 has the highest median home price at $93,932.
Property Tax Assessment Values Across Wilcox, Kearney County, Nebraska
Source: Ownwell
$38,410
$317,920
$597,430
Median Wilcox Market Value
$98,072
Median Kearney County Market Value
$168,342
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wilcox, Kearney County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | $28,673 | $53,031 | $98,072 | $137,776 | $213,270 |
Source: Ownwell
Property Tax Bills Across Wilcox, Kearney County, Nebraska
Median Wilcox Tax Bill
$1,006
Median Kearney County Tax Bill
$1,986
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Wilcox, Kearney County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | $268 | $578 | $1,006 | $1,486 | $2,265 |
Source: Ownwell