Pawnee City, Nebraska Property Taxes
The median property tax rate in Pawnee City, NE is 1.98%, significantly higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Pawnee City at $52,410, the typical annual property tax bill reaches $900, which is below the national median of $2,690. Property taxes in Pawnee City 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 Pawnee City'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 Pawnee City 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
Pawnee City, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$1,038
Ownwell’s Pawnee City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pawnee City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pawnee City 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 Pawnee City, Nebraska
Property taxes in Pawnee City, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pawnee City is 1.98%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pawnee City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pawnee City 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 Pawnee City's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68420 zip code has both the highest and lowest median property tax rate of 1.98%. Understanding how these cities compare with Pawnee City provides valuable insights into the varying tax landscape across Pawnee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pawnee City Tax Rate
1.98%
Average Pawnee County Tax Rate
1.35%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pawnee City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68420 | 1.24% | 1.26% | 1.98% | 1.98% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Pawnee City, Nebraska
In Pawnee City, 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 Pawnee 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 Pawnee City, 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 Pawnee City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 68420, with a median tax bill of $900.
Average Pawnee City Assessed Value
$52,410
Average Pawnee County Assessed Value
$62,218
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pawnee City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68420 | $10,536 | $24,465 | $52,410 | $133,210 | $326,228 |
Source: Ownwell
Property Tax Bills Across Pawnee City, Nebraska
Property tax bills in Pawnee City, within Pawnee County, NE, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Pawnee City, the median home price is $52,410, which serves as a basis for calculating property taxes. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bills can vary significantly, with the 25th percentile at $444 and the 75th percentile at $2,088. At the higher end, the 90th percentile tax bill reaches $4,296. These taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Homeowners in Pawnee City experience a range of tax obligations, with the highest median tax bill recorded at $900, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable in the region.
Average Pawnee City Tax Bill
$900
Average Pawnee County Tax Bill
$947
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Pawnee City, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68420 | $182 | $444 | $900 | $2,088 | $4,296 |
Source: Ownwell