Cedar Creek, Nebraska Property Taxes
The median property tax rate in Cedar Creek, NE is 1.72%, which is considerably higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With the median home value in Cedar Creek at $245,036, the typical annual property tax bill reaches $4,094, exceeding the national median of $2,690. Property taxes in Cedar Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedar Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cedar Creek or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Creek, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$4,215
Ownwell’s Cedar Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Creek to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cedar Creek, Nebraska
Property taxes in Cedar Creek, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Creek is 1.72%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Cedar Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Creek estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cedar Creek's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 68016 has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Cedar Creek provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Creek Tax Rate
1.72%
Average Cass County Tax Rate
1.72%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Creek, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68016 | 1.51% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Creek, Nebraska
In Cedar Creek, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cass County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cedar Creek, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Cedar Creek is $245,036, with tax bills ranging from $2,834 at the 25th percentile to $7,113 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cedar Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Creek Assessed Value
$245,036
Average Cass County Assessed Value
$194,901
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Creek, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68016 | $109,093 | $174,444 | $245,036 | $318,636 | $421,288 |
Source: Ownwell
Property Tax Bills Across Cedar Creek, Nebraska
In Cedar Creek, located in Cass County, NE, property tax bills are determined by assessing the market value of a home and applying the local property tax rate to this value. The median home price in Cedar Creek stands at $245,036. Homeowners can expect to pay a property tax bill ranging from $2,834 at the 25th percentile to $5,287 at the 75th percentile, with the 90th percentile reaching up to $7,113. These figures reflect how variations in home values and assessed rates directly impact the tax burden on homeowners. The highest median tax bill in the area is $4,094, which is also the lowest, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, Cedar Creek's tax rates illustrate the localized nature of property taxation, which can significantly affect household budgets depending on the assessed value of their homes.
Average Cedar Creek Tax Bill
$4,094
Average Cass County Tax Bill
$3,260
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Creek, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68016 | $1,320 | $2,834 | $4,094 | $5,287 | $7,113 |
Source: Ownwell