68042 Property Tax Rate

Property owners in ZIP code 68042 (Memphis, Nebraska) pay a median of $2,125/year in property taxes on homes valued at $183,300. This translates to an effective tax rate of 1.16%, which is 12% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68042 is approximately $177, which factors into escrow payments on mortgages. This ZIP code is located within Saunders County.

Compared to similar ZIP codes in Nebraska, 68042 has higher property taxes. ZIP codes with similar effective rates include 68413 (1.16%) and 68960 (1.16%).

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).