Nebraska (NE) property tax rate: 1.73% | Median home: $245,000 | Median annual tax: $4,239
Nebraska is an affordable Great Plains state with a stable economy. The average effective property tax rate in Nebraska is 1.73%, which is above the national average of 1.1%.
On the median Nebraska home valued at $245,000, annual property taxes come to approximately $4,239 or $353/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Nebraska offers a Homestead Exemption program for seniors and disabled veterans.
Combined with Nebraska's state income tax rate of 5.84%, homeowners should consider the total tax picture. Property taxes in Nebraska are a major expense — budget carefully.
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Nebraska has an average effective property tax rate of 1.73%. On the median home value of $245,000, that equals approximately $4,239 per year or $353 per month.
Property taxes in Nebraska are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Nebraska offers a Homestead Exemption program for seniors and disabled veterans.
Nebraska property taxes are above the national average of 1.1%. Budget carefully for this significant expense when buying a home here.
Property tax due dates vary by county in Nebraska. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.