Pender, Nebraska Property Taxes
The median property tax rate in Pender, NE is 2.09%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Pender, the typical annual property tax bill reaches $2,440, which is close to the national median of $2,690. Property taxes in Pender are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pender'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 Pender or another part of Thurston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pender, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$2,576
Ownwell’s Pender Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pender using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Pender to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax obligations. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is the figure assigned by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Pender, Nebraska
Property taxes in Pender, Nebraska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pender is 1.92%, significantly higher than both the Nebraska state median of 1.61% and the U.S. national median of 0.99%. Local government entities within Pender set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pender 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 Pender's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68047 zip code has the highest median property tax rate of 1.92%, while the same 68047 zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Pender provides valuable insights into the varying tax landscape across Thurston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pender Tax Rate
2.09%
Average Thurston County Tax Rate
1.87%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pender, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68047 | 1.35% | 1.37% | 2.09% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Pender, Nebraska
In Pender, 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 Thurston 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 Pender, 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 Pender helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $2,440, found in zip code 68047.
Average Pender Assessed Value
$123,230
Average Thurston County Assessed Value
$86,240
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pender, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68047 | $41,672 | $70,425 | $123,230 | $203,390 | $427,904 |
Source: Ownwell
Property Tax Bills Across Pender, Nebraska
In Pender, located in Thurston 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 typically a percentage of the market value. Homeowners in Pender see varying tax bills depending on several factors, including property size, location, and any applicable exemptions. The median home price in Pender is $123,230, and the property tax rate in Thurston County plays a crucial role in determining the final tax bill. For example, the 25th percentile of tax bills is $1,364, while the 75th percentile reaches $3,944. This variation highlights how different factors can significantly affect the amount homeowners owe. At the 90th percentile, tax bills can go as high as $7,033, indicating that higher-value properties or those without exemptions face steeper taxes. Compared to the national median property tax rate of 0.99%, Pender's tax rates can result in a considerable financial impact for homeowners, making it essential to understand how these taxes are calculated and what factors influence them.
Average Pender Tax Bill
$2,440
Average Thurston County Tax Bill
$1,554
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Pender, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68047 | $789 | $1,364 | $2,440 | $3,944 | $7,033 |
Source: Ownwell