Norfolk, Wayne County, Nebraska Property Taxes

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

Median Norfolk, NE effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Norfolk, NE home value: $226,810
Median annual Norfolk, NE tax bill: $3,103, $703 higher than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Norfolk, Wayne County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$3,107

$2,883

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

Property Tax Rates Across Norfolk, Wayne County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This is because each county, including Norfolk in Wayne County, Nebraska, estimates its required budget annually to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process. Norfolk's effective property tax rate can be compared to other cities in Nebraska, as well as to the median property tax rates in Nebraska and the U.S. With a median property tax rate of 1.37%, Nebraska's rate is higher than the national median of 1.02%. This means residents in Norfolk and Wayne County may experience higher property tax bills compared to other areas in the country, where the national median property tax bill is $2,400. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Norfolk, Wayne County, Nebraska

Source: Ownwell

0.78%

1.29%

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 Norfolk Tax Rate

1.37%

Median Effective Wayne County Tax Rate

1.74%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Norfolk, Wayne County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68701	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Norfolk, Wayne County, Nebraska

When examining property taxes in Norfolk, 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 Wayne 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. This 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 Wayne 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 Norfolk. For example, the median home price in Norfolk is $226,810, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Norfolk, Wayne County, Nebraska

Source: Ownwell

$115,520

$318,946

$522,372

Median Norfolk Market Value

$226,810

Median Wayne County Market Value

$145,345

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Norfolk, Wayne County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68701	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Norfolk, Wayne County, Nebraska

In Norfolk, located in Wayne County, Nebraska, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in Norfolk typically see a median property tax bill that reflects a balance between the assessed value and the tax rate set by local authorities. The tax bill can vary significantly, with the 25th percentile at $2,129, rising to $5,272 at the 75th percentile, and reaching $5,805 at the 90th percentile. These figures highlight the variability in tax burdens based on property values and local taxation policies. Compared to the national median property tax bill of $2,400, Norfolk's figures demonstrate the potential for higher tax obligations. This variability underscores the importance of ensuring that property assessments are fair and accurate. Ownwell can assist homeowners by expertly navigating the appeals process, identifying potential exemptions, and ensuring that property assessments reflect true market values. This proactive approach can lead to significant savings on property tax bills, providing financial relief for homeowners in Norfolk.

Property Tax Bills Across Norfolk, Wayne County, Nebraska

Source: Ownwell

$1,862

$3,688

$5,513

Median Norfolk Tax Bill

$3,103

Median Wayne County Tax Bill

$2,361

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Norfolk, Wayne County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68701	N/A	N/A	N/A	N/A	N/A

Source: Ownwell