Lamar, Chase County, Nebraska Property Taxes

Name: Property Tax Bills Across Lamar, Chase County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lamar, NE effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Lamar, NE home value: $199,737
Median annual Lamar, NE tax bill: $1,729, $671 lower than the national median property tax bill of $2,400.

How are property taxes in Chase calculated?

Property taxes in Lamar, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lamar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lamar, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lamar, Chase County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$1,738

$1,613

Ownwell’s Lamar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lamar with just two data points. By entering your property's estimated assessed value, our calculator applies Lamar’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chase County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lamar, Chase County, Nebraska

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Lamar, located in Chase County, Nebraska, the effective property tax rate is 0.87%. This rate is notably lower than the national median property tax rate of 1.02%. Nebraska's median property tax rate aligns with Lamar's rate, reflecting a consistent approach across the state. Despite this, property tax bills can differ due to variations in assessed property values. In comparison to the national median property tax bill of $2,400, residents in Lamar potentially benefit from lower tax obligations. Understanding these rates and how they compare to state and national figures can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Lamar, Chase County, Nebraska

Source: Ownwell

0.87%

1.28%

1.70%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lamar Tax Rate

0.87%

Median Effective Chase County Tax Rate

1.56%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lamar, Chase County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69023	0.85%	0.85%	0.87%	0.87%	0.87%
69045	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lamar, Chase County, Nebraska

When examining property taxes in Lamar, NE, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chase County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Chase County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lamar. For example, the median home price in Lamar is $199,737, with tax bills ranging significantly across the county. Zip code 69023 has the highest median home price at $213,339.

Property Tax Assessment Values Across Lamar, Chase County, Nebraska

Source: Ownwell

$53,528

$133,434

$213,339

Median Lamar Market Value

$199,737

Median Chase County Market Value

$109,606

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lamar, Chase County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69023	$29,436	$87,730	$213,339	$593,756	$788,425
69045	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lamar, Chase County, Nebraska

In Lamar, located in Chase County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Lamar, the median home price is $199,737. The property tax bills can vary significantly, with the 25th percentile at $745 and the 90th percentile reaching $6,687. These figures illustrate the broad range of tax obligations homeowners can face, depending on factors like property value and local tax rates. Comparatively, the national median property tax bill is $2,400, highlighting how Lamar's property tax landscape can differ from the national average. Ownwell can assist homeowners in Lamar by providing expert property tax appeal and exemption services. By analyzing market trends and leveraging local knowledge, Ownwell can identify opportunities for tax savings, potentially reducing the financial burden on homeowners and ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Lamar, Chase County, Nebraska

Source: Ownwell

$772

$1,287

$1,802

Median Lamar Tax Bill

$1,729

Median Chase County Tax Bill

$1,428

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Lamar, Chase County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69023	$255	$761	$1,736	$4,871	$6,729
69045	N/A	N/A	N/A	N/A	N/A

Source: Ownwell