Campbell, Nebraska Property Taxes
The median property tax rate in Campbell, Nebraska is 1.46%, considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Campbell, the typical annual property tax bill reaches $394, which is significantly below the national median of $2,690. Property taxes in Campbell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Campbell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Campbell or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Campbell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$403
Ownwell’s Campbell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Campbell, Nebraska
Property taxes in Campbell, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Campbell's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68932 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
1.46%
Average Franklin County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68932 | 1.01% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, Nebraska
In Campbell, Nebraska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Franklin County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Campbell, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 68932, with a median of $394, while the lowest is also 68932, reflecting the same median value.
Average Campbell Assessed Value
$27,620
Average Franklin County Assessed Value
$50,605
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68932 | $5,843 | $14,628 | $27,620 | $56,335 | $162,316 |
Source: Ownwell
Property Tax Bills Across Campbell, Nebraska
In Campbell, located in Franklin County, NE, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Several factors influence this assessed value, including property size, location, and market conditions. Homeowners in Campbell experience varying tax bills based on these assessments. For instance, the tax bill at the 25th percentile is around $195, while at the 75th percentile, it reaches approximately $833. Those at the 90th percentile may see tax bills as high as $2,242. These figures illustrate the range of property tax obligations within the community, impacting homeowners differently based on their property’s assessed value. Comparatively, the national median property tax rate is 0.99%, and Campbell's property tax landscape reflects a diverse range of tax burdens. Homeowners must consider these costs when budgeting and planning for future financial commitments.
Average Campbell Tax Bill
$394
Average Franklin County Tax Bill
$872
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68932 | $85 | $195 | $394 | $833 | $2,242 |
Source: Ownwell