Wellfleet, Lincoln County, Nebraska Property Taxes

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

Median WELLFLEET, NE effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median WELLFLEET, NE home value: $169,964
Median annual WELLFLEET, NE tax bill: $1,952, $448 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln calculated?

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

Last Updated March 1, 2025

Wellfleet, Lincoln County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$2,125

$1,972

Ownwell’s Wellfleet Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wellfleet with just two data points.

By entering your property's estimated assessed value, our calculator applies Wellfleet’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 Lincoln County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wellfleet, Lincoln County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Wellfleet, located in Lincoln County, Nebraska, property tax rates reflect this process. The effective property tax rate in Wellfleet is 1.25%, which is higher than the national median property tax rate of 1.02%. This suggests that homeowners in Wellfleet may face higher property tax bills compared to the national average. However, when compared to other cities in Nebraska, Wellfleet's rate aligns with the state median, indicating a consistent approach to property taxation within the state. Understanding these rates can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Wellfleet, Lincoln County, Nebraska

Source: Ownwell

1.07%

1.53%

1.98%

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 Wellfleet Tax Rate

1.25%

Median Effective Lincoln County Tax Rate

1.93%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wellfleet, Lincoln County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69170	1.21%	1.23%	1.25%	1.38%	1.41%

Source: Ownwell

Property Tax Assessment Values Across Wellfleet, Lincoln County, Nebraska

When examining property taxes in Wellfleet, 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 Lincoln 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 Lincoln 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 Wellfleet. For example, the median home price in Wellfleet is $169,964, with tax bills ranging significantly across the county. Zip code 69170 has the highest median home price at $169,964.

Property Tax Assessment Values Across Wellfleet, Lincoln County, Nebraska

Source: Ownwell

$76,140

$235,848

$395,555

Median Wellfleet Market Value

$169,964

Median Lincoln County Market Value

$120,701

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wellfleet, Lincoln County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69170	$26,231	$41,743	$169,964	$238,212	$418,514

Source: Ownwell

Property Tax Bills Across Wellfleet, Lincoln County, Nebraska

In Wellfleet, located in Lincoln County, NE, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Wellfleet is $169,964, and property tax bills can vary significantly, with the 25th percentile at $523 and the 75th percentile reaching $2,916. The highest median tax bill in the area is $1,952, which is below the national median property tax bill of $2,400. For homeowners, these taxes can represent a substantial financial obligation. However, by appealing their property tax assessments, homeowners may have the opportunity to lower their tax bills. This is where Ownwell comes in. With expertise in property tax appeals and exemptions, Ownwell can help homeowners navigate the complex appeal process, potentially saving them hundreds or even thousands of dollars on their property tax bills annually.

Property Tax Bills Across Wellfleet, Lincoln County, Nebraska

Source: Ownwell

$1,317

$2,808

$4,298

Median Wellfleet Tax Bill

$1,952

Median Lincoln County Tax Bill

$2,112

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Wellfleet, Lincoln County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69170	$215	$523	$1,952	$2,916	$5,210

Source: Ownwell