68401 Property Tax Rate

Property owners in ZIP code 68401 (Mc Cool Junction, Nebraska) pay a median of $1,953/year in property taxes on homes valued at $176,100. This translates to an effective tax rate of 1.11%, which is 16% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68401 is approximately $163, which factors into escrow payments on mortgages. This ZIP code is located within York County. This is $330 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68401 has higher property taxes. ZIP codes with similar effective rates include 68770 (1.11%) and 68316 (1.11%).

In Mc Cool Junction, property taxes represent approximately 1.8% of the median household income of $108,125, providing context for the relative tax burden on homeowners in this area.

Nebraska performs full reassessment to current market value at sale with no annual increase cap, so expect your tax bill to reflect the new purchase price. York County provides a Homestead Exemption for owner-occupied primary residences — apply to the York County Assessor's office within the statutory timeframe to reduce your taxable assessment. Contact the York County Assessor to confirm the exemption percentage and verify that it has been applied to your property record.