Pierce, Nebraska Property Taxes
The median property tax rate in Pierce, NE is 1.83%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Pierce at $180,328, the typical annual property tax bill reaches $2,792, exceeding the national median of $2,690. Property taxes in Pierce 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 Pierce'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 Pierce 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
Pierce, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$3,300
Ownwell’s Pierce Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers in Pierce, Nebraska. By simply entering your property's estimated assessed value, the calculator efficiently applies the median tax rate in Pierce to provide an estimate of your annual property tax bill. This allows you to understand your potential tax liabilities with ease. For those interested in more detailed insights, the trends page offers localized information at the neighborhood level. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions. This tool empowers you to make informed decisions regarding your property investments in Pierce.
Property Tax Rates Across Pierce, Nebraska
Property taxes in Pierce, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierce is 1.83%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Pierce set these rates annually, and they can vary across different neighborhoods. Each year, Pierce 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 Pierce's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68767 zip code has the highest median property tax rate of 1.83%, while the same zip code also has the lowest median tax rate of 1.83%. Understanding how these cities compare with Pierce provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pierce Tax Rate
1.83%
Average Pierce County Tax Rate
1.46%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierce, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68767 | 1.15% | 1.17% | 1.83% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Pierce, Nebraska
In Pierce, 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 local appraisal authorities 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 Pierce, 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 Pierce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,792 in zip code 68767, while the lowest is also $2,792 in the same zip code.
Average Pierce Assessed Value
$180,328
Average Pierce County Assessed Value
$145,155
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pierce, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68767 | $56,640 | $100,302 | $180,328 | $324,675 | $567,730 |
Source: Ownwell
Property Tax Bills Across Pierce, Nebraska
Property tax bills in Pierce, Nebraska, are determined based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, a median home price in Pierce is $180,328. Homeowners in the 25th percentile can expect a tax bill of around $1,689, while those in the 75th percentile face a significantly higher bill of approximately $4,498. The 90th percentile tax bill can go up to $6,735. Several factors influence these calculations, including property size, location, and any improvements made to the property. These taxes fund essential community services such as schools, public safety, and infrastructure. As a result, homeowners with higher-valued properties contribute more to these services, which can impact their overall financial planning. Compared to the national median property tax rate of 0.99%, Pierce's rates reflect the local economic conditions and funding requirements, ensuring that community needs are met.
Average Pierce Tax Bill
$2,792
Average Pierce County Tax Bill
$2,274
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierce, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68767 | $863 | $1,689 | $2,792 | $4,498 | $6,735 |
Source: Ownwell