68352 Property Tax Rate

Property owners in ZIP code 68352 (Fairbury, Nebraska) pay a median of $1,827/year in property taxes on homes valued at $122,600. This translates to an effective tax rate of 1.49%, which is 13% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68352 is approximately $152, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $456 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68352 has higher property taxes. ZIP codes with similar effective rates include 68310 (1.49%) and 68528 (1.49%).

In Fairbury, property taxes represent approximately 3.3% of the median household income of $55,734, providing context for the relative tax burden on homeowners in this area.

Nebraska has no annual assessment cap; your property will be reassessed to current market value when you purchase, potentially raising your tax bill substantially. Jefferson County provides a Homestead Exemption for owner-occupied primary residences — submit your exemption application to the Jefferson County Assessor within the required timeframe to reduce your assessed value. Obtain a copy of your assessment from the Jefferson County Assessor and file a written appeal within 30 days if you believe the valuation is incorrect.