Cody, Cherry County, Nebraska Property Taxes

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

Median Cody, NE effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Cody, NE home value: $79,176
Median annual Cody, NE tax bill: $838, $1,562 lower than the national median property tax bill of $2,400.

How are property taxes in Cherry County calculated?

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

Last Updated March 1, 2025

Cody, Cherry County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$768

$713

Ownwell’s Cody Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cody with just two data points. By entering your property's estimated assessed value, our calculator applies Cody’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 Cherry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cody, Cherry County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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 Cody’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Cody, located in Cherry County, reflects the state's median tax rate of 0.97%, slightly below the national median property tax rate of 1.02%. This rate can affect property owners differently depending on the assessed value of their property and local tax policies. Understanding these differences is crucial for property owners seeking to manage and potentially lower their tax burden. By comparing Cody’s rate to the national median, property owners can better assess their position and explore potential savings or exemptions that may be available to them.

Property Tax Rates Across Cody, Cherry County, Nebraska

Source: Ownwell

0.65%

0.92%

1.18%

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 Cody Tax Rate

0.97%

Median Effective Cherry County Tax Rate

0.87%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cody, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69211	0.97%	0.97%	0.97%	1.14%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Cody, Cherry County, Nebraska

When examining property taxes in Cody, 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 Cherry 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 Cherry 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 Cody.

For example, the median home price in Cody is $79,176, with tax bills ranging significantly across the county. Zip code 69211 has the highest median home price at $79,176.

Property Tax Assessment Values Across Cody, Cherry County, Nebraska

Source: Ownwell

$38,361

$187,352

$336,343

Median Cody Market Value

$79,176

Median Cherry County Market Value

$139,100

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cody, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69211	$13,548	$49,095	$79,176	$146,900	$310,137

Source: Ownwell

Property Tax Bills Across Cody, Cherry County, Nebraska

In Cody, located in Cherry County, NE, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value. With a median home price of $79,176, homeowners in Cody face tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $487, while at the 75th percentile, it rises to $1,696. This range highlights the variability and potential impact on homeowners' finances. The national median property tax rate is 1.02%, and Cody's tax bills can be compared to this benchmark to understand local tax dynamics. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax burden. By analyzing individual assessments and identifying discrepancies, Ownwell helps ensure that homeowners in Cody pay a fair and accurate property tax bill.

Property Tax Bills Across Cody, Cherry County, Nebraska

Source: Ownwell

$337

$1,754

$3,171

Median Cody Tax Bill

$838

Median Cherry County Tax Bill

$1,288

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Cody, Cherry County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69211	$128	$487	$838	$1,696	$3,542

Source: Ownwell