Wausa, Knox County, Nebraska Property Taxes
Median WAUSA, NE effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but slightly higher than the Nebraska state median of 1.75%.
Median WAUSA, NE home value: $81,135
Median annual WAUSA, NE tax bill: $1,353, $1,047 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in WAUSA, 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 WAUSA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WAUSA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wausa, Knox County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$1,436
$1,333
Property Tax Rates Across Wausa, Knox County, Nebraska
Local government entities are responsible for setting tax rates, leading to significant variations within a state. This is because each county annually estimates its budget needs for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Wausa, located in Knox County, NE, property tax rates reflect this method. The city's effective property tax rate stands at 1.77%, which is notably higher than the national median rate of 1.02%. This places Wausa among the higher property tax regions when compared to the national average. The median property tax bill in Wausa is also above the national median of $2400, indicating a greater financial burden on property owners in this area.
Comparing Wausa’s property tax rate to other cities in Nebraska, it aligns with the state’s median rate, demonstrating consistency within the region. Understanding these rates can help property owners in Wausa make informed decisions about their property investments and tax obligations.
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 Wausa Tax Rate
1.77%
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 Knox County Tax Rate
1.28%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wausa, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68786 | 1.02% | 1.25% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Wausa, Knox County, Nebraska
When examining property taxes in WAUSA, 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 Knox 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.
In Knox 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 WAUSA.
For example, the median home price in WAUSA is $81,135, with tax bills ranging significantly across the county. 68786 has the highest median home price at $81,135.
Property Tax Assessment Values Across Wausa, Knox County, Nebraska
Source: Ownwell
$45,555
$180,993
$316,430
Median Wausa Market Value
$81,135
Median Knox County Market Value
$96,140
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wausa, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68786 | $23,054 | $46,350 | $81,135 | $193,770 | $715,009 |
Source: Ownwell
Property Tax Bills Across Wausa, Knox County, Nebraska
Median Wausa Tax Bill
$1,353
Median Knox County Tax Bill
$1,362
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Wausa, Knox County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68786 | $234 | $669 | $1,353 | $2,721 | $8,228 |
Source: Ownwell
