Waverly, Cass County, Nebraska Property Taxes
Median Waverly, NE effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Waverly, NE home value: $373,228
Median annual Waverly, NE tax bill: $5,458, $3,058 higher than the national median property tax bill of $2,400.
How are property taxes in Cass County calculated?
Property taxes in Waverly, 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 Waverly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waverly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waverly, Cass County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.52%
Estimate Property Tax Bill
$5,673
$5,264
Property Tax Rates Across Waverly, Cass County, Nebraska
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county estimates its required budget annually 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Waverly's effective property tax rate offers an interesting comparison to other cities in Nebraska, as well as to both the state and national medians. Nebraska's median property tax rate is 1.52%, notably higher than the national median of 1.02%. This means that property owners in Waverly and across Nebraska may face higher tax bills compared to the national average. Understanding these differences can help property owners better prepare for their annual tax obligations and consider potential savings through property tax appeals. By staying informed about local tax rates and how they compare to broader benchmarks, property owners can make more strategic financial decisions.
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 Waverly Tax Rate
1.52%
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 Waverly, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68462 | 0.64% | 1.51% | 1.52% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Waverly, Cass County, Nebraska
When examining property taxes in Waverly, 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 Assessor 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 Waverly. For example, the median home price in Waverly is $373,228, with tax bills ranging significantly across the county. Zip code 68462 has the highest median home price at $373,228.
Property Tax Assessment Values Across Waverly, Cass County, Nebraska
Source: Ownwell
$118,596
$247,579
$376,562
Median Waverly Market Value
$373,228
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 Waverly, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68462 | $59,292 | $301,795 | $373,228 | $491,784 | $595,144 |
Source: Ownwell
Property Tax Bills Across Waverly, Cass County, Nebraska
Median Waverly Tax Bill
$5,458
Median Cass County Tax Bill
$3,260
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Waverly, Cass County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68462 | $245 | $3,373 | $5,458 | $7,460 | $9,008 |
Source: Ownwell