Laurel, Cedar County, Nebraska Property Taxes

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

Median Laurel, NE effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Laurel, NE home value: $93,870
Median annual Laurel, NE tax bill: $1,524, $876 lower than the national median property tax bill of $2,400.

How are property taxes in Cedar County calculated?

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

Last Updated March 1, 2025

Laurel, Cedar County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.71%

Estimate Property Tax Bill

$1,605

$1,490

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

Property Tax Rates Across Laurel, Cedar County, Nebraska

Local government entities set tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process. In Laurel, located in Cedar County, Nebraska, the effective property tax rate stands out when compared to other cities within the state. Nebraska's median property tax rate is 1.71%, which is considerably higher than the national median of 1.02%. This means that residents in Laurel and Cedar County generally face a higher property tax burden compared to the average American homeowner. Understanding these differences highlights the importance of property tax consulting services, which can help residents navigate and potentially reduce their tax liabilities. Comparing Laurel's effective property tax rate to other cities in Nebraska and the national median provides valuable insight into the local tax landscape.

Property Tax Rates Across Laurel, Cedar County, Nebraska

Source: Ownwell

0.88%

1.49%

2.10%

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 Laurel Tax Rate

1.71%

Median Effective Cedar County Tax Rate

1.45%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laurel, Cedar County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68745	1.20%	1.23%	1.71%	1.71%	1.71%

Source: Ownwell

Property Tax Assessment Values Across Laurel, Cedar County, Nebraska

When examining property taxes in Laurel, 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 Cedar 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 Cedar County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Laurel. For example, the median home price in Laurel is $93,870, with tax bills ranging significantly across the county. The zip code 68745 has the highest median home price at $93,870.

Property Tax Assessment Values Across Laurel, Cedar County, Nebraska

Source: Ownwell

$19,625

$326,684

$633,742

Median Laurel Market Value

$93,870

Median Cedar County Market Value

$117,330

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laurel, Cedar County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68745	$25,255	$50,179	$93,870	$197,494	$518,678

Source: Ownwell

Property Tax Bills Across Laurel, Cedar County, Nebraska

In Laurel, located within Cedar County, NE, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. The median home price in Laurel stands at $93,870, which is considerably below the national median. The property tax bill at the 25th percentile is $817, whereas the 75th percentile reaches $2,914, indicating a significant range in tax liabilities among homeowners. Surprisingly, the highest and lowest median tax bills in the area are both $1,524, which is below the national median property tax bill of $2,400.

Homeowners in Laurel may find their tax bills influenced by various factors, including changes in assessed property values and local tax rates. These fluctuations can significantly impact a homeowner's budget. Ownwell can assist homeowners by providing property tax appeal and exemption services, potentially lowering their tax liabilities. By leveraging expertise in property tax law and local market trends, Ownwell helps clients ensure they are not overpaying, ultimately saving them money and providing peace of mind.

Property Tax Bills Across Laurel, Cedar County, Nebraska

Source: Ownwell

$285

$4,186

$8,087

Median Laurel Tax Bill

$1,524

Median Cedar County Tax Bill

$1,639

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Laurel, Cedar County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68745	$404	$817	$1,524	$2,914	$7,178

Source: Ownwell