Wausa, Knox County, Nebraska Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.77%

Estimate Property Tax Bill

$1,436

$1,333

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

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.

Property Tax Rates Across Wausa, Knox County, Nebraska

Source: Ownwell

1.13%

1.45%

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 Wausa Tax Rate

1.77%

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

In Wausa, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is applied to this assessed value to determine the final tax bill. In Wausa, the median home price is $81,135, with property tax bills ranging from $669 at the 25th percentile to $8,228 at the 90th percentile. The median property tax bill is notably lower than the national median of $2,400, reflecting the region's more modest home values and tax rates. Homeowners in Wausa may find their property tax bills affected by factors such as property improvements, neighborhood developments, and changes in local government budgets. Ownwell can assist homeowners by reviewing their property assessments for accuracy and identifying potential savings. By appealing unfair assessments and securing exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they pay only their fair share. This service is particularly valuable in areas like Wausa, where every dollar saved can make a significant difference.

Property Tax Bills Across Wausa, Knox County, Nebraska

Source: Ownwell

$615

$2,081

$3,546

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