Campbell, Nebraska Property Taxes
The median property tax rate in Campbell, NE is 1.10%, which is higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With a median home value of $558,678 in Campbell, the typical annual property tax bill amounts to $6,953, significantly surpassing the national median of $2,690. Property taxes in Campbell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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, 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
1.1%
Estimate Property Tax Bill
$6,145
$5,703
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 crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 1.10%, 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 zip code 68932 has the same median property tax rate of 1.10%. Understanding how these cities compare with Campbell provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbell Tax Rate
1.10%
Average Adams County Tax Rate
2.25%
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 | 1.09% | 1.09% | 1.10% | 1.11% | 1.30% |
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 local 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. In Campbell, the highest median tax bill is $6,953 in the 68932 zip code, while the lowest median tax bill is also $6,953 in the same zip code.
Average Campbell Assessed Value
$558,678
Average Adams County Assessed Value
$124,114
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 | $234,110 | $291,184 | $558,678 | $1,244,524 | $1,447,562 |
Source: Ownwell
Property Tax Bills Across Campbell, Nebraska
In Campbell, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. For instance, with a median home price of $558,678, homeowners can expect varying tax bills based on specific assessments and rates. The 25th percentile tax bill stands at $3,633, while the 75th percentile reaches $13,618, and the 90th percentile peaks at $15,838. Factors influencing the tax bill include property improvements, changes in market conditions, and local government budgets. These elements collectively impact the assessed value and, consequently, the tax bill. Homeowners in Campbell may experience financial strain or relief depending on these assessments, with higher property taxes potentially leading to increased monthly mortgage payments and affecting overall affordability. Comparing this to the national median property tax rate of 0.99%, Campbell's tax scenario highlights the importance of understanding local tax dynamics.
Average Campbell Tax Bill
$6,953
Average Adams County Tax Bill
$2,530
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 | $2,599 | $3,633 | $6,953 | $13,618 | $15,838 |
Source: Ownwell