Wilcox, Phelps County, Nebraska Property Taxes
Median Wilcox, NE effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Wilcox, NE home value: $279,168
Median annual Wilcox, NE tax bill: $2,946, $546 higher than the national median property tax bill of $2,400.
How are property taxes in Phelps 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, Phelps County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$2,931
$2,720
Ownwell’s WILCOX Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in WILCOX with just two data points.
By entering your property's estimated assessed value, our calculator applies WILCOX’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 31137.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Wilcox, Phelps County, Nebraska
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their 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 WILCOX, located in county 31137 in NE, the effective property tax rate is a reflection of this annual budgeting process. When compared to other cities in NE, WILCOX shares the same property tax rate as other areas in the state, which is slightly above the national median of 1.02%. This means that residents in WILCOX may experience slightly higher property tax bills compared to the national median of $2400. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.
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
1.05%
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 Phelps County Tax Rate
1.69%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wilcox, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | 1.04% | 1.04% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Wilcox, Phelps County, Nebraska
When examining property taxes in Wilcox, 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 Phelps 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 Phelps County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $279,168, with tax bills ranging significantly across the county. The zip code 68982 has the highest median home price at $279,168.
Property Tax Assessment Values Across Wilcox, Phelps County, Nebraska
Source: Ownwell
$35,475
$193,602
$351,729
Median Wilcox Market Value
$279,168
Median Phelps County Market Value
$118,096
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wilcox, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | $113,570 | $188,178 | $279,168 | $443,537 | $990,112 |
Source: Ownwell
Property Tax Bills Across Wilcox, Phelps County, Nebraska
Median Wilcox Tax Bill
$2,946
Median Phelps County Tax Bill
$1,908
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Wilcox, Phelps County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68982 | $1,325 | $2,131 | $2,946 | $4,656 | $10,261 |
Source: Ownwell