Chadron, Nebraska Property Taxes
The median property tax rate in Chadron, NE is 1.40%, 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 Chadron at $178,771, the typical annual property tax bill reaches $2,411, which is below the national median of $2,690. Property taxes in Chadron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Chadron'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 Chadron or another part of Sheridan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chadron, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,503
Ownwell’s Chadron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chadron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chadron 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 Chadron, Nebraska
Property taxes in Chadron, Nebraska, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Chadron is 1.40%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Chadron set these rates annually, and they can vary across different neighborhoods. Each year, Chadron 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 Chadron's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69337 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Chadron provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chadron Tax Rate
1.40%
Average Sheridan County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chadron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69337 | 1.27% | 1.32% | 1.40% | 1.42% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Chadron, Nebraska
In Chadron, 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 Sheridan County Assessor's Office 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 Chadron, 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 Chadron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 69337 has both the highest and lowest median tax bill at $2,411.
Average Chadron Assessed Value
$178,771
Average Sheridan County Assessed Value
$70,524
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chadron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69337 | $59,265 | $109,973 | $178,771 | $311,336 | $372,273 |
Source: Ownwell
Property Tax Bills Across Chadron, Nebraska
In Chadron, Sheridan County, NE, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. The local tax rate, set by various taxing authorities such as school districts and municipal governments, is then applied to this assessed value. For instance, with a median home price of $178,771, homeowners can expect their property tax bills to vary. The tax bill at the 25th percentile is $1,518, while at the 75th percentile, it rises to $3,743. The 90th percentile tax bill reaches $5,130. These property taxes fund essential local services, including public schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Chadron’s property tax rates can be seen as relatively moderate, but they still represent a significant expense for homeowners. Understanding how these taxes are calculated helps homeowners budget effectively and advocate for fair tax assessments.
Average Chadron Tax Bill
$2,411
Average Sheridan County Tax Bill
$1,197
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Chadron, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69337 | $1,074 | $1,518 | $2,411 | $3,743 | $5,130 |
Source: Ownwell