Chappell, Nebraska Property Taxes
The median property tax rate in Chappell, Nebraska is 1.73%, which is significantly higher than the national median of 0.99% but slightly below the Nebraska state median of 1.75%. With a median home value of $79,790 in Chappell, the typical annual property tax bill amounts to $1,257, which is lower than the national median of $2,690. Property taxes in Chappell are calculated based on the assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. Gaining a thorough understanding of Chappell'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 Chappell or another part of Deuel County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chappell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,380
Ownwell’s Chappell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chappell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chappell 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 Chappell, Nebraska
Property taxes in Chappell, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chappell is 1.73%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Chappell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chappell 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 Chappell's effective property tax rate to other areas in Nebraska and the national median. For comparison, the zip code 69129 has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these areas compare with Chappell provides valuable insights into the varying tax landscape across Deuel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chappell Tax Rate
1.73%
Average Deuel County Tax Rate
1.73%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chappell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69129 | 1.33% | 1.34% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Chappell, Nebraska
In Chappell, 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 Deuel 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 Chappell, 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 Chappell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Chappell is $79,790. Homeowners in the 25th percentile can expect a tax bill around $614, while those in the 75th percentile might see a bill closer to $2,257. The highest median tax bill in the area is $1,257, found in zip code 69129.
Average Chappell Assessed Value
$79,790
Average Deuel County Assessed Value
$78,300
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chappell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69129 | $25,051 | $39,524 | $79,790 | $143,488 | $251,193 |
Source: Ownwell
Property Tax Bills Across Chappell, Nebraska
In Chappell, located in Deuel County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Chappell is $79,790, which serves as a baseline for determining the tax bill. Local authorities assess the value of properties annually, taking into consideration factors such as property size, location, and market conditions. The local tax rate is applied to the assessed value to determine the final tax bill. For example, homeowners in Chappell can expect their tax bills to vary significantly. The 25th percentile tax bill is $614, while the 75th percentile reaches $2,257, and the 90th percentile can be as high as $3,530. Compared to the national median property tax rate of 0.99%, these figures illustrate the range of financial responsibilities homeowners might face. Understanding these factors helps homeowners anticipate their annual property tax obligations, allowing them to plan their finances accordingly and ensure they meet local tax requirements.
Average Chappell Tax Bill
$1,257
Average Deuel County Tax Bill
$1,223
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Chappell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69129 | $332 | $614 | $1,257 | $2,257 | $3,530 |
Source: Ownwell