Elmwood, Cass County, Nebraska Property Taxes

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

Median ELMWOOD, NE effective property tax rate: 1.81%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median ELMWOOD, NE home value: $190,171
Median annual ELMWOOD, NE tax bill: $3,094, $694 higher than the national median property tax bill of $2,400.

How are property taxes in Cass calculated?

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

Last Updated March 1, 2025

Elmwood, Cass County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.81%

Estimate Property Tax Bill

$3,442

$3,194

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

Property Tax Rates Across Elmwood, Cass County, Nebraska

Local government entities are responsible for setting property tax rates, which can differ significantly across various areas within Nebraska. This variation arises because each county calculates its required budget to fund essential services and then divides this amount by the total assessed value of all taxable properties within its boundaries. This calculation determines the property tax rate for the year. Although the process involves votes and legislation, this is the fundamental method used annually to establish rates.

In Elmwood, located in Cass County, the effective property tax rate stands at 1.81%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to the median property tax rate in Nebraska, Elmwood's rate is the highest, matching the state median at 1.81%. This highlights the importance of understanding local property tax dynamics, as they can have a significant impact on property owners. By staying informed, property owners can better navigate their financial responsibilities and potentially explore options for tax appeals or exemptions.

Property Tax Rates Across Elmwood, Cass County, Nebraska

Source: Ownwell

1.34%

1.73%

2.13%

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 Elmwood Tax Rate

1.81%

Median Effective Cass County Tax Rate

1.72%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elmwood, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68349	1.47%	1.48%	1.81%	1.81%	1.81%

Source: Ownwell

Property Tax Assessment Values Across Elmwood, Cass County, Nebraska

When examining property taxes in Elmwood, 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 Cass County Assessor 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 Cass 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 Elmwood.

For example, the median home price in Elmwood is $190,171, with tax bills ranging significantly across the county. Zip code 68349 has the highest median home price at $190,171.

Property Tax Assessment Values Across Elmwood, Cass County, Nebraska

Source: Ownwell

$118,596

$247,579

$376,562

Median Elmwood Market Value

$190,171

Median Cass County Market Value

$194,901

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elmwood, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68349	$67,524	$122,851	$190,171	$315,586	$474,556

Source: Ownwell

Property Tax Bills Across Elmwood, Cass County, Nebraska

In Elmwood, located in Cass County, Nebraska, property tax bills are calculated based on the assessed value of a home. This assessed value is determined annually by the county assessor and is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Elmwood face a median property tax bill of $3,094, which is significantly higher than the national median of $2,400. This higher tax burden can impact homeowners' financial planning and affordability. Factors such as local government budgets, school funding, and public services contribute to the tax rate, affecting the overall tax bill. Ownwell can assist homeowners in Elmwood by reviewing their property assessments for inaccuracies and filing appeals to potentially lower their tax bills. By leveraging expert knowledge and experience, Ownwell helps ensure homeowners only pay their fair share, potentially saving them hundreds or even thousands of dollars annually on property taxes.

Property Tax Bills Across Elmwood, Cass County, Nebraska

Source: Ownwell

$1,776

$3,846

$5,915

Median Elmwood Tax Bill

$3,094

Median Cass County Tax Bill

$3,260

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Elmwood, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68349	$887	$1,949	$3,094	$5,051	$7,208

Source: Ownwell