Lincoln, Cass County, Nebraska Property Taxes

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

Median Lincoln, NE effective property tax rate: 1.54%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Lincoln, NE home value: $376,562
Median annual Lincoln, NE tax bill: $5,803, $3,403 higher than the national median property tax bill of $2,400.

How are property taxes in Cass County calculated?

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

Last Updated March 1, 2025

Lincoln, Cass County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.54%

Estimate Property Tax Bill

$5,799

$5,381

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

By entering your property's estimated assessed value, our calculator applies Lincoln’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 Lincoln, Cass County, Nebraska

Local government entities are responsible for setting tax rates, and these can differ significantly across a state. This variation occurs because each county annually determines its budgetary needs for services and then divides this amount by the total value of all taxable properties within its boundaries. This calculation establishes the property tax rate. While the process involves votes and legislation, this is essentially how it works each year. In Lincoln, located in Cass County, the effective property tax rate is 1.54%. This rate is notably higher than the national median property tax rate of 1.02%. Interestingly, Lincoln shares this rate with the highest and lowest median tax rates within the state, both at 1.54%. For property owners in Lincoln, this means paying a higher percentage of their property's assessed value in taxes compared to the national average. Understanding these rates is crucial for homeowners looking to manage their property tax obligations effectively.

Property Tax Rates Across Lincoln, 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 Lincoln Tax Rate

1.54%

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 Lincoln, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68527	1.54%	1.54%	1.54%	1.54%	1.54%

Source: Ownwell

Property Tax Assessment Values Across Lincoln, Cass County, Nebraska

When examining property taxes in Lincoln, 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 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 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 Lincoln. For example, the median home price in Lincoln is $376,562, with tax bills ranging significantly across the county. Zip code 68527 has the highest median home price at $376,562.

Property Tax Assessment Values Across Lincoln, Cass County, Nebraska

Source: Ownwell

$118,596

$247,579

$376,562

Median Lincoln Market Value

$376,562

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 Lincoln, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68527	$260,068	$291,835	$376,562	$426,434	$441,709

Source: Ownwell

Property Tax Bills Across Lincoln, Cass County, Nebraska

In Lincoln, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is multiplied by the local property tax rate to determine the tax bill. Homeowners in Lincoln face a median property tax bill of $5,803, significantly higher than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. For homeowners, high property taxes can impact affordability and financial planning.

Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and secure exemptions. By analyzing property data and market conditions, Ownwell identifies opportunities to reduce the assessed value, potentially lowering the tax bill. With expertise in navigating the appeals process, Ownwell can help homeowners in Lincoln achieve substantial savings on their property taxes, ensuring they only pay their fair share. This service provides peace of mind and financial relief to homeowners burdened by high property tax bills.

Property Tax Bills Across Lincoln, Cass County, Nebraska

Source: Ownwell

$1,776

$3,846

$5,915

Median Lincoln Tax Bill

$5,803

Median Cass County Tax Bill

$3,260

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Lincoln, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68527	$4,008	$4,498	$5,803	$6,572	$6,807

Source: Ownwell