Walton, Cass County, Nebraska Property Taxes

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

Median Walton, 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 Walton, NE home value: $280,167
Median annual Walton, NE tax bill: $4,328, $1,928 higher than the national median property tax bill of $2,400.

How are property taxes in Cass calculated?

Property taxes in Walton, 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 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 March 1, 2025

Walton, 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

$4,315

$4,004

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

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

Local government entities set tax rates, which can vary widely within a state. 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. Walton, located in Lancaster County, has an effective property tax rate of 1.54%, which is significantly higher than the national median of 1.02%. This higher rate places a greater financial burden on property owners in Walton compared to the national average. However, it is essential to consider that these taxes fund vital local services, including schools, infrastructure, and emergency services. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Walton, 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 Walton 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 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, 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 May. 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 Walton.

For example, the median home price in Walton is $280,167, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Walton, Cass County, Nebraska

Source: Ownwell

$118,596

$247,579

$376,562

Median Walton Market Value

$280,167

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 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

In Walton, Cass County, Nebraska, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Walton is $280,167, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Walton face a significant tax burden, with the 25th percentile tax bill at $4,088 and the 75th percentile reaching $5,556, both figures well above the national median property tax bill of $2,400. Factors influencing these bills include local government budgets, school funding needs, and public service requirements. This can place a substantial financial strain on homeowners, particularly when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can help homeowners potentially reduce their tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Walton, Cass County, Nebraska

Source: Ownwell

$1,776

$3,846

$5,915

Median Walton Tax Bill

$4,328

Median Cass County Tax Bill

$3,260

Median Nebraska Tax Bill

$3,071

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