Cambridge, Gosper County, Nebraska Property Taxes

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

Median Cambridge, NE effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Cambridge, NE home value: $289,110
Median annual Cambridge, NE tax bill: $3,497, $1,097 higher than the national median property tax bill of $2,400.

How are property taxes in Gosper 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, Gosper County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$3,698

$3,432

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

Property Tax Rates Across Cambridge, Gosper County, Nebraska

Local government entities determine tax rates, leading to significant variations within a state. This variation is primarily because each county calculates its required budget for services annually and divides it by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Cambridge, located in Gosper County, Nebraska, the effective property tax rate reflects these localized calculations. When comparing Cambridge's rate to other cities in Nebraska and the national median, it becomes evident how these differences manifest. Nebraska's median property tax rate is higher than the national median of 1.02%, showcasing the state's approach to funding public services through property taxes. Cambridge's rate, influenced by local budgetary needs and property values, exemplifies how property tax rates can vary not just from state to state, but from county to county. Understanding these nuances can help property owners navigate their tax obligations more effectively.

Property Tax Rates Across Cambridge, Gosper County, Nebraska

Source: Ownwell

0.66%

0.83%

0.99%

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

0.79%

Median Effective Gosper County Tax Rate

0.67%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cambridge, Gosper County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69022	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cambridge, Gosper 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 Gosper 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. Assessment notices: In Gosper 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 $289,110, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cambridge, Gosper County, Nebraska

Source: Ownwell

$102,180

$281,954

$461,728

Median Cambridge Market Value

$468,144

Median Gosper County Market Value

$242,485

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cambridge, Gosper County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69022	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cambridge, Gosper County, Nebraska

In Cambridge, located in Gosper County, Nebraska, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. With a median home price of $289,110, the tax bill can vary significantly. While the national median property tax rate stands at 1.02%, Cambridge homeowners often find themselves paying a higher rate, leading to a median tax bill that exceeds the national average of $2,400. For instance, the 25th percentile tax bill is $2,799, while the 75th percentile reaches $4,194, and the 90th percentile can soar to $4,613. These figures highlight the potential financial burden on homeowners. Factors such as property improvements and changes in local tax rates can influence the assessed value and, subsequently, the tax bill. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax burden. By leveraging expertise in local tax regulations, Ownwell assists in identifying discrepancies in assessments and securing potential savings on property tax bills.

Property Tax Bills Across Cambridge, Gosper County, Nebraska

Source: Ownwell

$861

$1,980

$3,099

Median Cambridge Tax Bill

$3,678

Median Gosper County Tax Bill

$1,816

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Cambridge, Gosper County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69022	N/A	N/A	N/A	N/A	N/A

Source: Ownwell