Campbell, Nebraska Property Taxes
The median property tax rate in Campbell, Nebraska is 0.87%, lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $483,010 in Campbell, the typical annual property tax bill amounts to $4,191, surpassing the national median of $2,690. Property taxes in Campbell are based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Campbell's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial yearly savings. Whether you reside in Campbell or another part of Kearney County, comprehending 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
0.87%
Estimate Property Tax Bill
$4,202
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 1.32%, higher than both the Nebraska state median of 1.54% and 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 zip code 68932 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Kearney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
0.87%
Average Kearney County Tax Rate
1.71%
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 | 0.76% | 0.87% | 0.87% | 1.07% | 1.26% |
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 Kearney County Appraisal District 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. The median home price in Campbell is $483,010, with tax bills ranging from $3,352 at the 25th percentile to $13,076 at the 90th percentile. The highest and lowest median tax bills both come from the zip code 68932, with a value of $4,191. Being aware of these valuation processes in Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Campbell Assessed Value
$483,010
Average Kearney County Assessed Value
$148,680
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 | $210,332 | $390,070 | $483,010 | $1,176,702 | $1,507,447 |
Source: Ownwell
Property Tax Bills Across Campbell, Nebraska
In Campbell, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. For instance, with a median home price of $483,010, homeowners in Campbell can expect varying tax bills based on specific property assessments and applicable exemptions. Homeowners in Campbell face a range of tax bills. At the 25th percentile, the tax bill is around $3,352, while those in the 75th percentile see bills as high as $11,859. For the top 10% of properties, tax bills can reach up to $13,076. The highest and lowest median tax bills in the area both stand at $4,191, indicating a consistent rate within the zip code 68932. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting community quality. Homeowners should stay informed about their property assessments and potential exemptions to manage their tax liabilities effectively.
Average Campbell Tax Bill
$4,191
Average Kearney County Tax Bill
$2,442
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 | $1,982 | $3,352 | $4,191 | $11,859 | $13,076 |
Source: Ownwell