68123 Property Tax Rate
Bellevue, Nebraska · Part of Sarpy County
Effective Tax Rate
1.84%
120.7% above state avgMedian Annual Tax
$5,038
$420/mo escrow
Estimate Your Tax
Annual Tax
$5,038
Monthly
$420
Eff. Rate
1.84%
Buyer decision brief
What ZIP 68123 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$420/mo
Based on median annual tax paid
State context
0.53 percentage points above the Nebraska average
Nebraska average: 1.32%
Data confidence
High confidenceThe Census margin of error is $225, about 4% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Sarpy County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 68123 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$225 tax MOE, 4% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Sarpy County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 68123
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $273,100, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.84%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Nebraska and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $420 per month before insurance, HOA dues, or special assessments.
Assessor verification
Sarpy County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 68123 Compares
Median Annual Property Tax
ZIP 68123
1.84%
Effective rate
Nebraska Avg
1.32%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Nebraska
Higher than 96% of ZIP codes in Nebraska(96th percentile, 522 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 68123
Property owners in ZIP code 68123 (Bellevue, Nebraska) pay a median of $5,038/year in property taxes on homes valued at $273,100. This translates to an effective tax rate of 1.84%, which is 40% above the Nebraska state average of 1.32%.
The monthly property tax burden for a median-valued home in 68123 is approximately $420, which factors into escrow payments on mortgages. This ZIP code is located within Sarpy County. This is $2,755 more than the Nebraska average of $2,283/year.
Compared to similar ZIP codes in Nebraska, 68123 has lower property taxes. ZIP codes with similar effective rates include 68133 (1.86%) and 68377 (1.86%).
In Bellevue, property taxes represent approximately 5.2% of the median household income of $96,188, providing context for the relative tax burden on homeowners in this area.
Sarpy County applies Nebraska's statewide assessment system — properties are valued annually, and homeowners receive Notice of Proposed Valuation in spring without automatic exemptions. Homeowners age 65+ and disabled persons may qualify for the Homestead Exemption or Property Tax Reduction Credit; file with the Sarpy County Assessor by the county deadline (typically mid-summer). Contact the Sarpy County Assessor at (402) 593-2140 after your assessment notice arrives to apply for exemptions and exercise your right to appeal within 30 days.
Frequently Asked Questions
What is the property tax rate in ZIP code 68123?
How much are property taxes in Bellevue, NE (68123)?
How does ZIP 68123 compare to the Nebraska average?
What is the median home value in ZIP 68123?
What county is ZIP code 68123 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$225. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 68123 is part of Sarpy County, Nebraska. View the full county profile for broader context and more data.
View Sarpy County on TaxByCounty →Explore Bellevue, NE
View all 3 ZIP codes in Bellevue with property tax comparisons.
View Bellevue Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 68123
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
68147
Bellevue, NE
0.21 percentage points lower than ZIP 68123.
Rate
1.64%
Tax
$3,312
Quality
96
68005
Bellevue, NE
0.04 percentage points lower than ZIP 68123.
Rate
1.81%
Tax
$3,496
Quality
96
68059
Springfield, NE
0.32 percentage points lower than ZIP 68123.
Rate
1.52%
Tax
$5,348
Quality
89
68157
Omaha, NE
0.19 percentage points lower than ZIP 68123.
Rate
1.65%
Tax
$3,690
Quality
101
68138
Omaha, NE
0.17 percentage points lower than ZIP 68123.
Rate
1.67%
Tax
$3,727
Quality
101
68128
La Vista, NE
0.10 percentage points lower than ZIP 68123.
Rate
1.74%
Tax
$4,797
Quality
89
68046
Papillion, NE
0.03 percentage points lower than ZIP 68123.
Rate
1.81%
Tax
$6,019
Quality
96
68532
Lincoln, NE
0.46 percentage points lower than ZIP 68123.
Rate
1.39%
Tax
$7,694
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.