Walton, Cass County, Nebraska Property Taxes
Property Taxes in Walton, Nebraska
Median Walton, Nebraska effective property tax rate: 1.04%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Walton, Nebraska home value: $456,700
Median annual Walton, Nebraska tax bill: $4,911, $2,511 higher than the national median property tax bill of $2,400.
How are property taxes in Cass calculated?
Property taxes in Walton, Nebraska 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 Walton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walton, Cass County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$4,750
$4,408
How Does the Walton Property Tax Calculator Work?
Use this Walton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walton's median effective tax rate of 1.04% — based on actual property records in Cass County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walton's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Walton: rates range by local taxing districts, primarily due to differences in school district levies and local assessment districts. Walton's median property tax bill of $4,911 is higher than Nebraska's median bill of $2,400 by $2,511, and the local median tax rate is also higher than the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walton.
About Walton Property Taxes
About Property Taxes in Walton, Cass, Nebraska
Walton's median effective property tax rate of 1.04% is lower than the Nebraska state median of 1.39% and higher than the national median of 1.02%. This rate reflects the Cass County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Walton. Homeowners in the highest ZIP code carry a median effective rate of 1.04%, while those in the lowest ZIP code pay 1.04%. This spread reflects how school district boundaries and local assessment districts are drawn across Cass County. Understanding which part of Walton you live in can make a meaningful difference to your annual tax bill.
Walton homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Walton, Cass County, Nebraska
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services 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 Walton's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
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 Walton Tax Rate
1.04%
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
1.33%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walton, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68461 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Walton, Cass County, Nebraska
When examining property taxes in Walton, 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.
Assessment notices:
In Cass County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of June.
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 understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Walton.
For example, the median home price in Walton is $456,700, with tax bills ranging significantly across the county. The median tax bill is $4,911, compared with the national median property tax bill of $2,400.
Property Tax Assessment Values Across Walton, Cass County, Nebraska
Source: Ownwell
$127,380
$266,573
$405,765
Median Walton Market Value
$456,700
Median Cass County Market Value
$223,072
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walton, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68461 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Walton, Cass County, Nebraska
How are property tax bills calculated in Walton, Cass County, Nebraska?
Property tax bills in Walton are based on the assessed value of a home, not its market price alone. Local taxing authorities apply tax rates to that assessed value to determine the annual bill, and those rates can vary by jurisdiction. For homeowners, the amount owed depends on how the property is classified, the local levy structure, and whether any exemptions or appeals apply.
With a median home price of $456,700, property taxes can represent a meaningful cost of ownership. In Walton, the typical tax bill is $2,534 at the 25th percentile, $5,504 at the 75th percentile, and $5,859 at the 90th percentile. That is well above the national median property tax bill of $2,400, showing how local assessments and tax rates can push bills higher. For homeowners, understanding how the bill is calculated is important because even small changes in assessed value can affect annual housing costs.
Median Walton Tax Bill
$4,911
Median Cass County Tax Bill
$2,961
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Walton, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68461 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Cass Tax Assessor | |
| Website | nebraskaassessorsonline.us |