Murray, Cass County, Nebraska Property Taxes

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

Median Murray, NE effective property tax rate: 1.62%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Murray, NE home value: $174,553
Median annual Murray, NE tax bill: $2,862, $462 higher than the national median property tax bill of $2,400.

How are property taxes in Cass calculated?

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

Last Updated March 1, 2025

Murray, Cass County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.62%

Estimate Property Tax Bill

$2,828

$2,624

Ownwell’s Murray Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Murray with just two data points. By entering your property's estimated assessed value, our calculator applies Murray’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 Murray, Cass County, Nebraska

Local government entities in Murray, located in Cass County, NE, set property tax rates, which can vary significantly within the state. Each year, counties estimate their necessary budgets to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation yields the property tax rate. While votes and legislation play roles in determining tax rates and budgets, this is the annual process in a nutshell. In Murray, the effective property tax rate stands at 1.62%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Cass County, as it represents both the highest and lowest median tax rate. Comparatively, Murray's rate surpasses the national average, reflecting the local fiscal strategies and service requirements. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Murray, 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 Murray Tax Rate

1.62%

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 Murray, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68409	1.42%	1.44%	1.62%	1.89%	1.89%

Source: Ownwell

Property Tax Assessment Values Across Murray, Cass County, Nebraska

When examining property taxes in Murray, 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 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 Murray. For example, the median home price in Murray is $174,553, with tax bills ranging significantly across the county. Zip code 68409 has the highest median home price at $174,553.

Property Tax Assessment Values Across Murray, Cass County, Nebraska

Source: Ownwell

$118,596

$247,579

$376,562

Median Murray Market Value

$174,553

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 Murray, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68409	$67,196	$120,008	$174,553	$307,870	$439,624

Source: Ownwell

Property Tax Bills Across Murray, Cass County, Nebraska

In Murray, located in Cass County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The median home price in Murray is $174,553, and the property tax bill varies widely, with the 25th percentile at $1,682 and the 75th percentile reaching $4,596. Compared to the national median property tax bill of $2,400, Murray's tax bills can be quite significant, especially for homes in the higher percentiles. The tax rate and assessed value are key factors that influence the final tax bill, impacting homeowners' financial planning.

Ownwell offers valuable assistance to homeowners in Murray by providing property tax appeal and exemption services, potentially lowering their tax liabilities. By analyzing property assessments and ensuring they are fair and accurate, Ownwell helps homeowners save money. This proactive approach can lead to significant savings, especially for those facing higher tax bills in the 90th percentile, which can reach up to $6,411.

Property Tax Bills Across Murray, Cass County, Nebraska

Source: Ownwell

$1,776

$3,846

$5,915

Median Murray Tax Bill

$2,862

Median Cass County Tax Bill

$3,260

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Murray, Cass County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68409	$488	$1,682	$2,862	$4,596	$6,411

Source: Ownwell