Chappell, Nebraska Property Taxes
The median property tax rate in Chappell, NE is 0.93%, which is lower than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Chappell at $121,490, the typical annual property tax bill is $1,230, significantly below the national median of $2,690. Property taxes in Chappell are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chappell'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 Chappell 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
Chappell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,130
$1,048
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, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Chappell is 0.93%, slightly below 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 counties in Nebraska and the national median. For comparison, the zip code 69129 has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Chappell provides valuable insights into the varying tax landscape across Garden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chappell Tax Rate
0.93%
Average Garden County Tax Rate
1.21%
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 | 0.92% | 0.93% | 0.93% | 1.32% | 1.33% |
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 Garden 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. The highest and lowest median tax bills in the area are both $1,230, found in the 69129 zip code.
Average Chappell Assessed Value
$121,490
Average Garden County Assessed Value
$72,185
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 | $52,445 | $90,430 | $121,490 | $228,455 | $283,380 |
Source: Ownwell
Property Tax Bills Across Chappell, Nebraska
In Chappell, located in Garden County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and is a percentage of the property's market value. For homeowners in Chappell, the median home price is $121,490. The property tax rate in this region is applied to the assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. In Chappell, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $889, while at the 75th percentile, it rises to $2,639. At the 90th percentile, homeowners may see tax bills as high as $3,290. Compared to the national median property tax rate of 0.99%, homeowners in Chappell experience a range of tax bills depending on their property's assessed value. This variability in tax bills impacts homeowners differently, potentially affecting their financial planning and housing affordability.
Average Chappell Tax Bill
$1,230
Average Garden County Tax Bill
$810
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 | $488 | $889 | $1,230 | $2,639 | $3,290 |
Source: Ownwell