Greenwood, Cass County, Nebraska Property Taxes
Median Greenwood, NE effective property tax rate: 1.78%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Greenwood, NE home value: $164,390
Median annual Greenwood, NE tax bill: $2,692, $292 higher than the national median property tax bill of $2,400.
How are property taxes in Cass calculated?
Property taxes in Greenwood, 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 Greenwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenwood, Cass County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.78%
Estimate Property Tax Bill
$2,926
$2,715
Property Tax Rates Across Greenwood, Cass County, Nebraska
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 Greenwood Tax Rate
1.78%
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 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 Greenwood, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68366 | 1.31% | 1.34% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Greenwood, Cass County, Nebraska
When examining property taxes in Greenwood, NE, 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 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.
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 Greenwood.
For example, the median home price in Greenwood is $164,390, with tax bills ranging significantly across the county. Zip code 68366 has the highest median home price at $164,390.
Property Tax Assessment Values Across Greenwood, Cass County, Nebraska
Source: Ownwell
$118,596
$247,579
$376,562
Median Greenwood Market Value
$164,390
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 Greenwood, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68366 | $45,678 | $93,237 | $164,390 | $253,583 | $383,543 |
Source: Ownwell
Property Tax Bills Across Greenwood, Cass County, Nebraska
In Greenwood, located in Cass County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Greenwood face property tax bills that can vary significantly, with the 25th percentile at $1,475 and the 75th percentile reaching $3,893. These figures are influenced by factors such as the property's location, size, and improvements. Compared to the national median property tax bill of $2,400, Greenwood's tax bills can be both lower and higher, reflecting the diversity in property values within the area.
High property taxes can be a burden, impacting homeowners' financial planning and overall affordability of homeownership. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax burden. With a proven track record, Ownwell empowers homeowners to navigate the complexities of property taxation, maximizing savings and enhancing financial well-being.
Median Greenwood Tax Bill
$2,692
Median Cass County Tax Bill
$3,260
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenwood, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68366 | $474 | $1,475 | $2,692 | $3,893 | $5,402 |
Source: Ownwell