Pickrell, Nebraska Property Taxes
The median property tax rate in Pickrell, NE is 1.52%, which is higher than both the national median of 0.99% and Nebraska's state median of 1.75%. With a median home value of $182,385 in Pickrell, the typical annual property tax bill comes to $2,791, slightly above the national median of $2,690. Property taxes in Pickrell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pickrell'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 Pickrell or another part of Gage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pickrell, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$2,772
Ownwell’s PICKRELL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PICKRELL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PICKRELL 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 Pickrell, Nebraska
Property taxes in Pickrell, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pickrell is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pickrell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pickrell 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 Pickrell's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68422 zip code has both the highest and lowest median property tax rate of 1.52%. Understanding how these cities compare with Pickrell provides valuable insights into the varying tax landscape across Gage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pickrell Tax Rate
1.52%
Average Gage County Tax Rate
1.83%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pickrell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68422 | 1.38% | 1.51% | 1.52% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Pickrell, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pickrell, Nebraska. 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 Gage County Assessor 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 Pickrell, 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 Pickrell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Pickrell are both $2,791, as seen in zip code 68422.
Average Pickrell Assessed Value
$182,385
Average Gage County Assessed Value
$108,335
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pickrell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68422 | $65,453 | $115,475 | $182,385 | $291,295 | $504,788 |
Source: Ownwell
Property Tax Bills Across Pickrell, Nebraska
In Pickrell, property tax bills are determined by assessing the value of a homeowner's property and applying the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. For instance, the median home price in Pickrell is $182,385. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Pickrell can expect a range of property tax bills. For those at the 25th percentile, the tax bill is approximately $1,820, while those at the 75th percentile face a tax bill around $4,913. At the 90th percentile, the tax bill can reach as high as $7,633. The highest and lowest median tax bills are both $2,791, indicating a consistent tax rate across the area. Compared to the national median property tax rate of 0.99%, Pickrell's rates can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Pickrell Tax Bill
$2,791
Average Gage County Tax Bill
$1,782
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Pickrell, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68422 | $826 | $1,820 | $2,791 | $4,913 | $7,633 |
Source: Ownwell