Pittsburgh, Nebraska Property Taxes
The median property tax rate in Pittsburgh, NE is 1.47%, which is higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Pittsburgh at $49,800, the typical annual property tax bill amounts to $734, significantly less than the national median of $2,690. Property taxes in Pittsburgh are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pittsburgh'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 Pittsburgh 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
Pittsburgh, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$732
Ownwell’s Pittsburgh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsburgh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsburgh 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 Pittsburgh, Nebraska
Property taxes in Pittsburgh, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsburgh is 1.47%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Pittsburgh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsburgh 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. Understanding how Pittsburgh's effective property tax rate compares to other areas in Nebraska and the national median provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pittsburgh Tax Rate
1.47%
Average Knox County Tax Rate
1.28%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsburgh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Pittsburgh, Nebraska
In Pittsburgh, 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 Knox 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 Pittsburgh, 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 Pittsburgh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pittsburgh is $49,800, with tax bills at the 25th, 75th, and 90th percentiles all standing at $734.
Average Pittsburgh Assessed Value
$49,800
Average Knox County Assessed Value
$96,140
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pittsburgh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Pittsburgh, Nebraska
In Pittsburgh, Knox County, NE, property tax bills are calculated based on the assessed value of your home. The median home price in this area is $49,800. Property taxes are determined by multiplying the assessed value by the local tax rate. In Knox County, the tax rate is higher than the national median property tax rate of 0.99%. For instance, the tax bills at the 25th, 75th, and 90th percentiles are all $734, indicating a consistent rate applied across various property values. Several factors influence your property tax bill, including the assessed value of your home, local tax rates, and any applicable exemptions or deductions. These taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding how these factors interact is crucial for financial planning and budgeting. Higher property taxes can impact affordability and overall cost of living, making it important to stay informed about local tax policies and potential opportunities for appeals or exemptions.
Average Pittsburgh Tax Bill
$734
Average Knox County Tax Bill
$1,362
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsburgh, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell