Chadron, Nebraska Property Taxes
The median property tax rate in Chadron, NE is 1.88%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Chadron at $113,070, the typical annual property tax bill reaches $2,017, which is below the national median of $2,690. Property taxes in Chadron 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 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 the city, 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
1.88%
Estimate Property Tax Bill
$2,126
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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chadron is 1.88%, 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 significantly 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 areas in Nebraska and the national median. For comparison, the 69337 zip code has both the highest and lowest median property tax rate of 1.88%. Understanding how these areas compare with Chadron provides valuable insights into the varying tax landscape across Dawes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chadron Tax Rate
1.88%
Average Dawes County Tax Rate
1.84%
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 | 1.49% | 1.49% | 1.88% | 1.88% | 1.88% |
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 Dawes 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 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. The median home price in Chadron is $113,070, with tax bills ranging from $1,152 at the 25th percentile to $4,428 at the 90th percentile. The highest and lowest median tax bills both occur in zip code 69337, at $2,017. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chadron Assessed Value
$113,070
Average Dawes County Assessed Value
$102,875
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 | $19,059 | $64,580 | $113,070 | $173,922 | $265,481 |
Source: Ownwell
Property Tax Bills Across Chadron, Nebraska
In Chadron, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Chadron, located in Dawes County, can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,152, while at the 75th percentile, it can reach up to $3,099. The top 10% of property tax bills can be as high as $4,428. These figures illustrate how property taxes can impact homeowners differently depending on the value of their property. The median home price in Chadron is $113,070, and the median property tax rate in the area aligns closely with the national median property tax rate of 0.99%. This system ensures that homeowners contribute fairly to local services such as schools, infrastructure, and emergency services, based on the value of their property.
Average Chadron Tax Bill
$2,017
Average Dawes County Tax Bill
$1,804
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 | $395 | $1,152 | $2,017 | $3,099 | $4,428 |
Source: Ownwell