Cambridge, Furnas County, Nebraska Property Taxes

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

Median Cambridge, NE effective property tax rate: 1.86%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Cambridge, NE home value: $89,035
Median annual Cambridge, NE tax bill: $1,565, $835 lower than the national median property tax bill of $2,400.

How are property taxes in Furnas calculated?

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

Last Updated March 1, 2025

Cambridge, Furnas County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.86%

Estimate Property Tax Bill

$1,656

$1,537

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

By entering your property's estimated assessed value, our calculator applies Cambridge’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 Furnas County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cambridge, Furnas County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation arises 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, this is the annual process in a nutshell. Cambridge in Furnas County, Nebraska, has an effective property tax rate of 1.86%, which is significantly higher than the national median property tax rate of 1.02%. This rate is consistent across the county, making it both the highest and lowest in the region, demonstrating a uniform approach to property taxation. Compared to other cities in Nebraska, Cambridge's rate is notably above the state median, reflecting the county's budgetary needs and property values. Understanding these rates can help property owners anticipate their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Cambridge, Furnas County, Nebraska

Source: Ownwell

1.28%

1.57%

1.86%

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 Cambridge Tax Rate

1.86%

Median Effective Furnas County Tax Rate

1.80%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cambridge, Furnas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69022	1.35%	1.86%	1.86%	1.86%	1.86%

Source: Ownwell

Property Tax Assessment Values Across Cambridge, Furnas County, Nebraska

When examining property taxes in Cambridge, 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 Furnas 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 Furnas 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 Cambridge. For example, the median home price in Cambridge is $89,035, with tax bills ranging significantly across the county. Zip code 69022 has the highest median home price at $89,035.

Property Tax Assessment Values Across Cambridge, Furnas County, Nebraska

Source: Ownwell

$22,280

$98,035

$173,790

Median Cambridge Market Value

$89,035

Median Furnas County Market Value

$62,290

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cambridge, Furnas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69022	$29,786	$48,401	$89,035	$164,241	$263,057

Source: Ownwell

Property Tax Bills Across Cambridge, Furnas County, Nebraska

In Cambridge, located in Furnas County, Nebraska, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of your property. This percentage, known as the assessment ratio, varies by location and is crucial in determining your property tax bill. Once the assessed value is established, the local tax rate, or mill levy, is applied to calculate the final tax bill. Homeowners in Cambridge can expect tax bills that range significantly, with the 25th percentile at $837 and the 90th percentile reaching $4,322. These figures highlight the variability in property tax bills, which can impact household budgets considerably. Ownwell offers a solution by providing property tax appeal services, potentially lowering your tax bill. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies opportunities for reductions, helping homeowners save money and alleviate the financial burden of high property taxes.

Property Tax Bills Across Cambridge, Furnas County, Nebraska

Source: Ownwell

$391

$1,176

$1,960

Median Cambridge Tax Bill

$1,565

Median Furnas County Tax Bill

$1,054

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Cambridge, Furnas County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69022	$500	$837	$1,565	$2,777	$4,322

Source: Ownwell