68424 Property Tax Rate

Property owners in ZIP code 68424 (Plymouth, Nebraska) pay a median of $1,875/year in property taxes on homes valued at $144,300. This translates to an effective tax rate of 1.30%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68424 is approximately $156, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $408 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68424 has higher property taxes. ZIP codes with similar effective rates include 68716 (1.30%) and 68723 (1.30%).

In Plymouth, property taxes represent approximately 2.4% of the median household income of $76,667, 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.