Ericson, Wheeler County, Nebraska Property Taxes
Median Ericson, NE effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Ericson, NE home value: $73,325
Median annual Ericson, NE tax bill: $686, $1,714 lower than the national median property tax bill of $2,400.
How are property taxes in Wheeler calculated?
Property taxes in Ericson, 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 Ericson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ericson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ericson, Wheeler County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$675
$626
Property Tax Rates Across Ericson, Wheeler County, Nebraska
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 Ericson Tax Rate
0.92%
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 Wheeler County Tax Rate
0.92%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ericson, Wheeler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68637 | 0.90% | 0.91% | 0.92% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Ericson, Wheeler County, Nebraska
When examining property taxes in Ericson, 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 Wheeler 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 Wheeler 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 Ericson. For example, the median home price in Ericson is $73,325, with tax bills ranging significantly across the county. Zip code 68637 has the highest median home price at $73,325.
Property Tax Assessment Values Across Ericson, Wheeler County, Nebraska
Source: Ownwell
$73,325
$79,858
$86,390
Median Ericson Market Value
$73,325
Median Wheeler County Market Value
$83,545
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ericson, Wheeler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68637 | $14,440 | $28,709 | $73,325 | $162,412 | $563,625 |
Source: Ownwell
Property Tax Bills Across Ericson, Wheeler County, Nebraska
In Ericson, located in Wheeler County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $73,325, homeowners face varying tax bills depending on their property's assessed value and the applicable tax rate. The 25th percentile of tax bills is $258, while the 75th percentile reaches $1,643, showcasing a significant range. The highest median tax bill in the area is $686, which is notably lower than the national median property tax bill of $2,400. These figures illustrate the potential variability and impact on homeowners' finances.
Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. Homeowners may find these taxes burdensome, especially when bills reach the 90th percentile of $5,049. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By leveraging expertise in local tax regulations, Ownwell can help homeowners navigate the complexities of property taxation and achieve significant savings.
Median Ericson Tax Bill
$686
Median Wheeler County Tax Bill
$831
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Ericson, Wheeler County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68637 | $123 | $258 | $686 | $1,643 | $5,049 |
Source: Ownwell