Chester, Thayer County, Nebraska Property Taxes

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

Median Chester, NE effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%. Median Chester, NE home value: $30,001. Median annual Chester, NE tax bill: $445, $1,955 lower than the national median property tax bill of $2,400.

How are property taxes in Thayer calculated?

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

Last Updated March 1, 2025

Chester, Thayer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$444

$412

Ownwell’s Chester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chester with just two data points. By entering your property's estimated assessed value, our calculator applies Chester’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 Thayer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chester, Thayer County, Nebraska

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process.

In Chester, located in Thayer County, Nebraska, the effective property tax rate is a point of interest. Nebraska's median property tax rate stands at 1.48%, which is notably above the national median of 1.02%. This places Nebraska among the states with higher property tax rates in the country. Chester's property tax rate aligns with the state's median, indicating a consistent approach to property taxation across the region. Property owners in Chester contribute to the local budget through these rates, which fund essential services and infrastructure. Understanding these rates can empower property owners to make informed decisions about their investments and financial planning. Comparing Chester’s property tax rates to both state and national medians provides valuable insights into the local tax landscape.

Property Tax Rates Across Chester, Thayer County, Nebraska

Source: Ownwell

0.96%

1.22%

1.48%

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 Chester Tax Rate

1.48%

Median Effective Thayer County Tax Rate

1.32%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chester, Thayer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68327	0.94%	1.48%	1.48%	1.48%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Chester, Thayer County, Nebraska

When examining property taxes in Chester, Nebraska, 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 Thayer County appraisal district 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 Thayer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Chester. For example, the median home price in Chester is $30,001, with tax bills ranging significantly across the county. Zip code 68327 has the highest median home price at $30,001.

Property Tax Assessment Values Across Chester, Thayer County, Nebraska

Source: Ownwell

$27,136

$88,825

$150,514

Median Chester Market Value

$30,001

Median Thayer County Market Value

$73,318

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chester, Thayer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68327	$4,004	$10,534	$30,001	$68,942	$248,621

Source: Ownwell

Property Tax Bills Across Chester, Thayer County, Nebraska

In Chester, located in Thayer County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The median home price in Chester is $30,001, significantly lower than the national average. Property tax rates are applied to the assessed value, resulting in a tax bill. For Chester, the tax bill can vary widely, with the 25th percentile at $138 and the 75th percentile reaching $1,060. The 90th percentile tax bill is $2,713, which is above the national median property tax bill of $2,400, indicating that some homeowners may face higher tax burdens. Homeowners in Chester can benefit from understanding their tax assessment and ensuring it accurately reflects their property's market value. Ownwell provides expert property tax appeal and exemption services, helping homeowners navigate the complexities of property tax assessments. By identifying potential inaccuracies or overvaluations, Ownwell can assist in reducing property tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Chester, Thayer County, Nebraska

Source: Ownwell

$269

$856

$1,443

Median Chester Tax Bill

$445

Median Thayer County Tax Bill

$919

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Chester, Thayer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68327	$50	$138	$445	$1,060	$2,713

Source: Ownwell