Campbell, Nebraska Property Taxes
The median property tax rate in Campbell, Nebraska is 1.02%, slightly higher than the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With a median home value of $367,210, the typical annual property tax bill in Campbell reaches $4,502, surpassing the national median of $2,690. Property taxes in Campbell are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Campbell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Campbell or another part of the city, grasping 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
1.02%
Estimate Property Tax Bill
$3,746
Ownwell’s Campbell Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to 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 provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at a neighborhood level, further localized information is available below. Your property’s assessed value is the figure assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Campbell, Nebraska
Property taxes in Campbell, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 1.02%, which is higher than both the Nebraska state median 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 both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
1.02%
Average Webster County Tax Rate
1.75%
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% | 1.02% | 1.02% | 1.03% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Campbell, Nebraska. 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 Webster 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. Being aware of these valuation processes in Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Campbell are both $4502.00, found in the 68932 zip code.
Average Campbell Assessed Value
$367,210
Average Webster County Assessed Value
$71,225
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 | $107,506 | $247,170 | $367,210 | $702,425 | $932,592 |
Source: Ownwell
Property Tax Bills Across Campbell, Nebraska
In Campbell, Nebraska, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Campbell is $367,210, and property tax rates in the area can result in varying tax bills. For instance, the 25th percentile tax bill is $2,658, while the 75th percentile tax bill can reach up to $7,338. High-value properties may see tax bills as high as $9,026, falling into the 90th percentile. The property tax rate in Campbell is influenced by several factors, including local government budgets, school district funding, and public services. Homeowners in Campbell should be aware of these factors as they directly impact their annual property tax bills. Compared to the national median property tax rate of 0.99%, Campbell's rates can significantly affect homeowners, especially those with higher-valued properties. Understanding these elements helps homeowners anticipate their financial responsibilities more accurately.
Average Campbell Tax Bill
$4,502
Average Webster County Tax Bill
$1,254
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 | $1,501 | $2,658 | $4,502 | $7,338 | $9,026 |
Source: Ownwell