Waverly, Lancaster County, Nebraska Property Taxes

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

Median Waverly, NE effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Waverly, NE home value: $274,100
Median annual Waverly, NE tax bill: $4,053, $1,653 higher than the national median property tax bill of $2,400.

How are property taxes in Lancaster calculated?

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

Last Updated March 1, 2025

Waverly, Lancaster County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$4,249

$3,943

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

Property Tax Rates Across Waverly, Lancaster County, Nebraska

Local government entities determine tax rates, leading to significant variations within Nebraska. Each county, including Lancaster, calculates its required budget to provide services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, is conducted annually. Waverly, situated in Lancaster County, reflects these local tax dynamics. Compared to other cities in Nebraska, Waverly's effective property tax rate is part of a broader state landscape where the median tax rate stands at 1.55%. This is notably higher than the national median property tax rate of 1.02%. When considering property tax bills, the national median is $2400, providing a benchmark for comparison. By understanding these figures, property owners in Waverly can better navigate their financial obligations and explore potential savings through tax appeals or exemptions. This knowledge empowers residents to manage their property taxes effectively, ensuring they are not overpaying compared to state and national averages.

Property Tax Rates Across Waverly, Lancaster County, Nebraska

Source: Ownwell

1.14%

1.47%

1.80%

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 Waverly Tax Rate

1.55%

Median Effective Lancaster County Tax Rate

1.51%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waverly, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68462	0.96%	1.44%	1.55%	1.62%	1.69%

Source: Ownwell

Property Tax Assessment Values Across Waverly, Lancaster County, Nebraska

When examining property taxes in Waverly, 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 Lancaster 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 Lancaster 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 Waverly.

For example, the median home price in Waverly is $274,100, with tax bills ranging significantly across the county. The zip code 68462 has the highest median home price at $274,100.

Property Tax Assessment Values Across Waverly, Lancaster County, Nebraska

Source: Ownwell

$160,450

$345,425

$530,400

Median Waverly Market Value

$274,100

Median Lancaster County Market Value

$238,100

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waverly, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68462	$168,400	$211,150	$274,100	$334,850	$388,300

Source: Ownwell

Property Tax Bills Across Waverly, Lancaster County, Nebraska

In Waverly, Lancaster County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is influenced by factors such as location, size, and condition. With a median home price of $274,100, homeowners in Waverly face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $3,160, while the 75th percentile reaches $5,144, indicating a wide range of potential tax liabilities. The national median property tax rate is 1.02%, with a median bill of $2,400, making Waverly's tax bills notably higher. This can place a financial strain on homeowners, especially those at the higher end of the tax spectrum. Ownwell assists homeowners by offering property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, ensuring they pay only their fair share, thus alleviating some of the financial burdens associated with high property taxes.

Property Tax Bills Across Waverly, Lancaster County, Nebraska

Source: Ownwell

$2,267

$4,383

$6,499

Median Waverly Tax Bill

$4,053

Median Lancaster County Tax Bill

$3,561

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Waverly, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68462	$1,416	$3,160	$4,053	$5,144	$5,895

Source: Ownwell