68450 Property Tax Rate

Property owners in ZIP code 68450 (Tecumseh, Nebraska) pay a median of $2,143/year in property taxes on homes valued at $118,000. This translates to an effective tax rate of 1.82%, which is 38% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68450 is approximately $179, which factors into escrow payments on mortgages. This ZIP code is located within Johnson County.

Compared to similar ZIP codes in Nebraska, 68450 has lower property taxes. ZIP codes with similar effective rates include 68135 (1.82%) and 68046 (1.81%).

In Tecumseh, property taxes represent approximately 4.5% of the median household income of $47,157, providing context for the relative tax burden on homeowners in this area.

Nebraska reassesses all properties to current market value at sale; there is no state-level cap on assessment increases for new owners. Johnson County offers a Homestead Exemption for primary residences that reduces assessed value — file your claim with the Johnson County Assessor within 30 days of closing to secure the exemption. Request a formal assessment explanation from the Johnson County Assessor and note any local appeal deadlines, typically 30 days from the assessment notice date.