Pine Bluffs, Nebraska Property Taxes
The median property tax rate in Pine Bluffs, Nebraska is 1.61%, notably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $161,190 in Pine Bluffs, the typical annual property tax bill amounts to $2,602, slightly below the national median of $2,690. Property taxes in Pine Bluffs are determined based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pine Bluffs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pine Bluffs 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
Pine Bluffs, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$2,595
$2,408
Ownwell’s Pine Bluffs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Bluffs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Bluffs 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 Pine Bluffs, Nebraska
Property taxes in Pine Bluffs, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Bluffs is 1.29%, higher than both the Nebraska state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Pine Bluffs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Bluffs 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 Pine Bluffs' effective property tax rate to other counties in Nebraska and the national median. For comparison, the 68144 zip code has the highest median property tax rate of 2.15%, while the 68801 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Pine Bluffs provides valuable insights into the varying tax landscape across Kimball County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Bluffs Tax Rate
1.61%
Average Kimball County Tax Rate
2.01%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Bluffs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Pine Bluffs, Nebraska
In Pine Bluffs, 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 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 Pine Bluffs, 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 Pine Bluffs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest tax bills reach up to $4,195, while those with the lowest are around $2,050.
Average Pine Bluffs Assessed Value
$161,190
Average Kimball County Assessed Value
$75,570
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Bluffs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Pine Bluffs, Nebraska
In Pine Bluffs, located in Kimball County, NE, property tax bills are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, which reflects its worth based on current real estate conditions. For example, with a median home price of $161,190, the tax bill varies significantly depending on the property's assessed value and applicable exemptions. Homeowners in Pine Bluffs can expect their property tax bills to range from the 25th percentile at $2,050 to the 75th percentile at $3,090, and up to the 90th percentile at $4,195. These tax bills are influenced by local government budgets, school funding, and public service needs. Higher assessed values generally result in higher tax bills, impacting homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, the tax rates in Pine Bluffs can be quite substantial, making it essential for homeowners to understand their tax obligations and explore potential exemptions to manage costs effectively.
Average Pine Bluffs Tax Bill
$2,602
Average Kimball County Tax Bill
$1,418
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Bluffs, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell