Cedar Rapids, Boone County, Nebraska Property Taxes

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

Median Cedar Rapids, NE effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Cedar Rapids, NE home value: $100,368
Median annual Cedar Rapids, NE tax bill: $1,116, $1,284 lower than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

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

Last Updated March 1, 2025

Cedar Rapids, Boone County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$1,255

$1,164

Ownwell’s Cedar Rapids Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Rapids with just two data points.

By entering your property's estimated assessed value, our calculator applies Cedar Rapids’ 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 Boone County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cedar Rapids, Boone County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cedar Rapids’ effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Cedar Rapids, Boone County, Nebraska

Source: Ownwell

0.80%

1.03%

1.25%

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 Cedar Rapids Tax Rate

1.25%

Median Effective Boone County Tax Rate

1.08%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Rapids, Boone County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68627	0.75%	0.76%	1.25%	1.25%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Cedar Rapids, Boone County, Nebraska

When examining property taxes in Cedar Rapids, 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 Boone 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. Assessment notices: Boone 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 Cedar Rapids. For example, the median home price in Cedar Rapids is $100,368, with tax bills ranging significantly across the county. Zip code 68627 has the highest median home price at $100,368.

Property Tax Assessment Values Across Cedar Rapids, Boone County, Nebraska

Source: Ownwell

$99,032

$267,126

$435,220

Median Cedar Rapids Market Value

$100,368

Median Boone County Market Value

$170,105

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Rapids, Boone County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68627	$17,066	$39,902	$100,368	$270,376	$865,755

Source: Ownwell

Property Tax Bills Across Cedar Rapids, Boone County, Nebraska

In Cedar Rapids, located in Boone County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. While the national median property tax bill stands at $2,400, homeowners in Cedar Rapids experience a wide range of tax bills. The 25th percentile tax bill is around $464, while those in the 75th percentile pay approximately $2,586. At the higher end, the 90th percentile tax bill reaches $6,511. These variations are influenced by factors such as property location, size, and any applicable exemptions. For homeowners, this can mean a substantial financial burden. Fortunately, Ownwell offers valuable assistance by identifying potential exemptions and appealing assessed values, ensuring homeowners pay only their fair share. By leveraging Ownwell's expertise, Cedar Rapids residents can potentially reduce their property tax bills, resulting in significant savings.

Property Tax Bills Across Cedar Rapids, Boone County, Nebraska

Source: Ownwell

$1,116

$2,552

$3,987

Median Cedar Rapids Tax Bill

$1,116

Median Boone County Tax Bill

$1,754

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Rapids, Boone County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68627	$139	$464	$1,116	$2,586	$6,511

Source: Ownwell