Long Pine, Nebraska Property Taxes
The median property tax rate in Long Pine, NE is 1.50%, which is considerably higher than the national median of 0.99% but lower than the Nebraska state median of 1.75%. With a median home value of $88,885 in Long Pine, the typical annual property tax bill reaches $1,122, still below the national median of $2,690. Property taxes in Long Pine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Long Pine'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 Long Pine or another part of Brown County, understanding 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
$2,500,000
$5,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$3,500
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Pine is 1.50%, significantly 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 both the highest and lowest median property tax rate of 1.50%. Understanding how these cities compare with Long Pine provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Long Pine Tax Rate
1.50%
Average Brown County Tax Rate
1.50%
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 | 1.03% | 1.05% | 1.50% | 1.50% | 1.50% |
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 Brown 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 Long Pine, 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. The median home price in Long Pine is $88,885. The median tax bill for the 25th percentile is $494, while the 75th percentile pays around $2,419. 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.
Average Long Pine Assessed Value
$88,885
Average Brown County Assessed Value
$87,245
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 | $15,522 | $36,305 | $88,885 | $219,720 | $421,373 |
Source: Ownwell
Property Tax Bills Across Long Pine, Nebraska
In Long Pine, located in Brown County, NE, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. Various factors such as property size, location, and improvements can influence this valuation. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $88,885, homeowners in Long Pine can expect their tax bill to vary significantly. The tax bill for the 25th percentile is around $494, while it can rise to $2,419 at the 75th percentile and reach up to $4,448 at the 90th percentile. This variability reflects differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Long Pine's tax bills can be a substantial financial consideration for homeowners, affecting their overall cost of living and financial planning.
Average Long Pine Tax Bill
$1,122
Average Brown County Tax Bill
$1,181
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 | $174 | $494 | $1,122 | $2,419 | $4,448 |
Source: Ownwell