68354 Property Tax Rate

Property owners in ZIP code 68354 (Fairmont, Nebraska) pay a median of $1,329/year in property taxes on homes valued at $103,100. This translates to an effective tax rate of 1.29%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68354 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Fillmore County. This is $954 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68354 has higher property taxes. ZIP codes with similar effective rates include 68110 (1.29%) and 68836 (1.29%).

In Fairmont, property taxes represent approximately 2.0% of the median household income of $66,827, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 68354, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Fillmore County's tax assessor directly.