68422 Property Tax Rate

Property owners in ZIP code 68422 (Pickrell, Nebraska) pay a median of $3,538/year in property taxes on homes valued at $294,600. This translates to an effective tax rate of 1.20%, which is 9% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68422 is approximately $295, which factors into escrow payments on mortgages. This ZIP code is located within Gage County. This is $1,255 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68422 has higher property taxes. ZIP codes with similar effective rates include 68748 (1.20%) and 68812 (1.20%).

In Pickrell, property taxes represent approximately 4.9% of the median household income of $72,000, providing context for the relative tax burden on homeowners in this area.

Nebraska has no statewide property tax cap; your home will be reassessed at current market value after purchase, potentially increasing your tax bill significantly. Gage County offers a Homestead Exemption for owner-occupied primary residences — contact the Gage County Assessor's office to file and confirm your exemption status before the first tax bill. Request a copy of your property valuation from the Gage County Assessor and review it within 30 days of receipt to identify any assessment errors.