68040 Property Tax Rate

Property owners in ZIP code 68040 (Malmo, Nebraska) pay a median of $2,962/year in property taxes on homes valued at $265,400. This translates to an effective tax rate of 1.12%, which is 15% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68040 is approximately $247, which factors into escrow payments on mortgages. This ZIP code is located within Saunders County. This is $679 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68040 has higher property taxes. ZIP codes with similar effective rates include 68722 (1.12%) and 68636 (1.12%).

Nebraska reassesses property on a statewide valuation system without a homestead exemption — Saunders County assessments are reviewed annually, and you will receive a Notice of Proposed Valuation in spring. Seniors (65+) and persons with disabilities may apply for the Property Tax Reduction Credit or Homestead Exemption; submit applications to the Saunders County Assessor by the county filing deadline. Call the Saunders County Assessor at (402) 462-5475 after receiving your assessment notice to file for relief programs and verify your appeal window (30 days).