Cook, Johnson County, Nebraska Property Taxes

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

Median COOK, NE effective property tax rate: 2.23%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median COOK, NE home value: $80,454
Median annual COOK, NE tax bill: $1,600, $800 lower than the national median property tax bill of $2,400.

How are property taxes in Johnson calculated?

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

Last Updated March 1, 2025

Cook, Johnson County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.23%

Estimate Property Tax Bill

$1,794

$1,665

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

Property Tax Rates Across Cook, Johnson County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Annually, 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 Cook’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Cook, located in Johnson County, has a median property tax rate of 2.23%. This rate is significantly higher than the national median property tax rate of 1.02%. It is crucial for property owners in Cook to be aware of these rates, as they directly impact the annual property tax bill, which can be a significant expense. Understanding these rates and how they compare to national and state averages can help property owners make informed decisions regarding their property investments.

Property Tax Rates Across Cook, Johnson County, Nebraska

Source: Ownwell

1.00%

1.62%

2.23%

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 Cook Tax Rate

2.23%

Median Effective Johnson County Tax Rate

1.77%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cook, Johnson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68329	1.38%	1.40%	2.23%	2.23%	2.23%

Source: Ownwell

Property Tax Assessment Values Across Cook, Johnson County, Nebraska

When examining property taxes in Cook, 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 Johnson 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.

Assessment notices: In Johnson 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 Cook.

For example, the median home price in Cook is $80,454, with tax bills ranging significantly across the county. Zip code 68329 has the highest median home price at $80,454.

Property Tax Assessment Values Across Cook, Johnson County, Nebraska

Source: Ownwell

$71,880

$236,182

$400,484

Median Cook Market Value

$80,454

Median Johnson County Market Value

$88,760

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cook, Johnson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68329	$21,729	$41,114	$80,454	$154,149	$478,106

Source: Ownwell

Property Tax Bills Across Cook, Johnson County, Nebraska

In Cook, located in Johnson County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with the median home price at $80,454, homeowners can expect a tax bill that varies significantly, as evidenced by the 25th percentile at $863 and the 75th percentile at $2,897. These figures highlight the variability and potential financial impact on homeowners. Comparatively, the national median property tax bill is $2,400, showing that Cook's tax bills can be both below and above the national average depending on the assessed value and specific circumstances. Homeowners may feel the burden of these taxes, particularly at the 90th percentile, where bills can reach up to $6,704. Ownwell offers a solution by assisting homeowners in appealing their property taxes, potentially lowering their tax burden and providing significant savings.

Property Tax Bills Across Cook, Johnson County, Nebraska

Source: Ownwell

$1,261

$2,916

$4,571

Median Cook Tax Bill

$1,600

Median Johnson County Tax Bill

$1,604

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Cook, Johnson County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68329	$494	$863	$1,600	$2,897	$6,704

Source: Ownwell