Total Property Tax Breakdown
A common question asked is how much of the total property tax bill goes to the City.
Property taxes are divided up among several different taxing entities. For the 2014-15 fiscal year, the total property tax levy for a house in Wayne was 1.873155.
For an easy example of the breakdown, we'll illustrate the breakdown using a home that is assessed at $100,000. The total property tax bill on that particular house would be $1,873.16. Of that total, $398.34 is allocated to the City of Wayne.
Where does the rest of it go? The majority of the remaining money goes towards the Wayne Community Schools ($1,008.35) and Wayne County ($270.22). The rest of it goes to entities such as the Lower Elkhorn Natural Resource District ($25.11), Educational Service Unit #1 ($15.00), Northeast Community College ($99.00), the Airport Authority ($52.48), and the Wayne County Ag Society ($4.66).
The City Council sets the city portion of the property tax levy each year during the budget process. Wayne County sets the valuations, sends the property tax statements and collects the taxes.