Champion, Nebraska Property Taxes
The median property tax rate in Champion, NE is 0.87%, notably lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Champion at $119,664, the typical annual property tax bill is $1,046, which is below the national median of $2,690. Property taxes in Champion are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Champion'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 Champion or elsewhere in the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Champion, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,041
Ownwell’s Champion Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Champion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Champion 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 Champion, Nebraska
Property taxes in Champion, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Champion is 0.87%, which is lower than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Champion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Champion 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 Champion's effective property tax rate to other counties in Nebraska and the national median. For comparison, the zip code 69023 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Champion provides valuable insights into the varying tax landscape across Chase County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Champion Tax Rate
0.87%
Average Chase County Tax Rate
1.56%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Champion, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69023 | 0.85% | 0.85% | 0.87% | 0.87% | 0.87% |
| 69033 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Champion, Nebraska
In Champion, 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 Chase 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 Champion, 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 Champion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,083 in zip code 69023, which is significant compared to the national median property tax rate of 0.99%.
Average Champion Assessed Value
$119,664
Average Chase County Assessed Value
$109,606
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Champion, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69023 | $14,105 | $51,132 | $124,082 | $412,920 | $846,118 |
| 69033 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Champion, Nebraska
In Champion, located in Chase County, NE, property tax bills are calculated based on a combination of the assessed value of a property and the local tax rate. The assessed value is determined by county assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $119,664, the property tax bills can vary significantly. The 25th percentile tax bill is $430, while the 75th percentile tax bill reaches $3,617, and the 90th percentile tax bill climbs to $7,638. These figures illustrate the range homeowners might expect to pay, depending on their property's assessed value and any applicable exemptions or deductions. Homeowners in Champion face property tax bills that can impact their annual budget, with the highest median tax bill recorded at $1,083 in the 69023 zip code. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for understanding local tax burdens.
Average Champion Tax Bill
$1,046
Average Chase County Tax Bill
$1,428
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Champion, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69023 | $119 | $438 | $1,083 | $3,871 | $8,014 |
| 69033 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell