Pierce, Nebraska Property Taxes
The median property tax rate in Pierce, Nebraska is 1.19%, slightly higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With the median home value in Pierce, the typical annual property tax bill reaches $3,559, significantly exceeding the national median of $2,690. Property taxes in Pierce are calculated based on the 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
1.19%
Estimate Property Tax Bill
$3,095
Ownwell’s Pierce Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pierce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierce to project your property tax bill. This handy tool helps you grasp potential tax liabilities, offering clear financial insights. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Pierce, Nebraska
Property taxes in Pierce, Nebraska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierce is 1.19%, significantly higher than 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 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Pierce provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pierce Tax Rate
1.19%
Average Wayne County Tax Rate
1.74%
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 | 1.18% | 1.19% | 1.19% | 1.36% | 1.37% |
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 the local 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 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. For instance, the highest median tax bill in Pierce is $3,559 in zip code 68767, while the lowest is also $3,559 in the same zip code.
Average Pierce Assessed Value
$260,070
Average Wayne County Assessed Value
$145,345
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 | $198,459 | $243,290 | $260,070 | $534,480 | $729,251 |
Source: Ownwell
Property Tax Bills Across Pierce, Nebraska
In Pierce, NE, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the property's market value. Homeowners in Pierce see property tax bills influenced by factors like property size, location, and any improvements made. The median home price in Pierce is $260,070, and the median property tax rate in Nebraska is 1.65%, which is higher than the national median of 0.99%. This higher tax rate results in significant tax bills for homeowners. For instance, the tax bill for the 25th percentile is $2,897, while it climbs to $6,849 for the 75th percentile, and reaches $9,210 for the 90th percentile. These figures illustrate the financial impact on homeowners, making property taxes a crucial consideration when buying or owning a home in Pierce.
Average Pierce Tax Bill
$3,559
Average Wayne County Tax Bill
$2,361
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 | $2,457 | $2,897 | $3,559 | $6,849 | $9,210 |
Source: Ownwell