Cambridge, Red Willow County, Nebraska Property Taxes
Median Cambridge, NE effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Cambridge, NE home value: $256,226
Median annual Cambridge, NE tax bill: $3,150, $750 higher than the national median property tax bill of $2,400.
How are property taxes in Red Willow 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, Red Willow County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$2,670
$2,477
Property Tax Rates Across Cambridge, Red Willow County, Nebraska
Local government entities determine property tax rates, and these rates can differ significantly within a state. Each year, counties calculate their required budget for public services, dividing this by the total assessed value of all taxable properties in the area. This calculation establishes the property tax rate. While the process involves votes and legislation, this is the essence of how tax rates and budgets are set annually.
In Cambridge, located in Red Willow County, the effective property tax rate stands at 1.29%. This rate is consistent across the county, with no variation between different areas. Compared to the national median property tax rate of 1.02%, Cambridge's rate is notably higher, which can lead to a higher property tax bill than the national median of $2,400. However, this rate aligns with the median property tax rate for the state, indicating a uniform approach within Nebraska. Understanding these rates can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.
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
0.89%
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 Red Willow County Tax Rate
1.30%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cambridge, Red Willow County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69022 | 0.55% | 0.56% | 0.89% | 0.91% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Cambridge, Red Willow 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 Red Willow 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 Red Willow County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $256,226, with tax bills ranging significantly across the county. Zip code 69022 has the highest median home price at $256,226.
Property Tax Assessment Values Across Cambridge, Red Willow County, Nebraska
Source: Ownwell
$12,343
$157,039
$301,734
Median Cambridge Market Value
$299,951
Median Red Willow County Market Value
$122,777
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cambridge, Red Willow County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69022 | $77,077 | $172,541 | $299,951 | $636,655 | $741,599 |
Source: Ownwell
Property Tax Bills Across Cambridge, Red Willow County, Nebraska
Median Cambridge Tax Bill
$2,448
Median Red Willow County Tax Bill
$1,374
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Cambridge, Red Willow County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69022 | $485 | $1,476 | $2,448 | $4,112 | $6,256 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Red Willow Tax Assessor | |
| Website | beacon.schneidercorp.com |