Long Pine, Nebraska Property Taxes
The median property tax rate in Long Pine, NE is 1.03%, slightly above the national median of 0.99% but significantly lower than the Nebraska state median of 1.75%. With a median home value of $241,000 in Long Pine, the typical annual property tax bill amounts to $2,519, which is below the national median of $2,690. Property taxes in Long Pine are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Long Pine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Long Pine or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Long Pine, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$2,482
$2,304
Ownwell’s Long Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Pine 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 Long Pine, Nebraska
Property taxes in Long Pine, Nebraska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Pine is 1.03%, higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Long Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Pine 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 Long Pine's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69217 zip code has the highest median property tax rate of 1.03%, while the 69217 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Long Pine provides valuable insights into the varying tax landscape across Rock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Long Pine Tax Rate
1.03%
Average Rock County Tax Rate
1.05%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Pine, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69217 | 0.99% | 1.03% | 1.03% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Long Pine, Nebraska
In Long Pine, 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 Rock County 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. Assessment notices in Long Pine 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 Long Pine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Long Pine is $2,519 in the 69217 zip code, aligning with the lowest median tax bill in the same zip code.
Average Long Pine Assessed Value
$241,000
Average Rock County Assessed Value
$71,868
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Long Pine, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69217 | $75,947 | $156,215 | $241,000 | $509,685 | $1,017,591 |
Source: Ownwell
Property Tax Bills Across Long Pine, Nebraska
In Long Pine, Rock County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value represents a percentage of the market value of the property. Various factors influence this assessment, including the property's location, size, and condition. Homeowners in Long Pine can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,630, while at the 75th percentile, it rises to $5,290. At the 90th percentile, homeowners might see a tax bill as high as $10,345. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax burden in Long Pine can be quite substantial, affecting homeowners' annual budgets and overall cost of living. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Long Pine Tax Bill
$2,519
Average Rock County Tax Bill
$970
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Pine, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69217 | $743 | $1,630 | $2,519 | $5,290 | $10,345 |
Source: Ownwell