Real Estate Property Tax Figures

Real estate tax protests down this year in one county.

The Cass County Assessor’s Office reports 186 filings this year. The deadline for filing protests on real estate property tax assessments was July 2nd and the hearings are already underway. According to past records, there were 366 protests filed last year, 231 in 2010 and 277 in 2009.

The re-appraised areas this year: Residential: Plattsmouth (land and improvements) Murray (land and improvements), Commercial: Northeast (sales review, market analysis studies), Mineral Interest: (ongoing), Agricultural: Land market value analysis (ongoing and countywide)

Cass County shows a 3.49% gain in real property valuation in the preliminary figures submitted to the State of Nebraska. Ag land again was the big factor in the valuation gain.

Final certification comes after the protest hearings are completed.

The Nebraska Department of Property Assessment and Taxation released information comparing the change in valuation in percentages from 2011 to 2012.

When growth (new construction) is not factored in, the percentage change is 2.77%.

Statewide, proposed real property valuations show an increase of 5.66% from 2011 to 2012. That figures to an increase in valuation of about $8.32 billion.

The real property valuation gain in the report for neighboring counties: Otoe 8.78%, Lancaster 6.63%, Saunders 10.63% and Sarpy 1.63%.

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