68620 Property Tax Rate

Property owners in ZIP code 68620 (Albion, Nebraska) pay a median of $1,915/year in property taxes on homes valued at $214,000. This translates to an effective tax rate of 0.89%, which is 32% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68620 is approximately $160, which factors into escrow payments on mortgages. This ZIP code is located within Boone County. This is $368 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68620 has lower property taxes. ZIP codes with similar effective rates include 68717 (0.90%) and 68745 (0.90%).

In Albion, property taxes represent approximately 2.4% of the median household income of $79,688, providing context for the relative tax burden on homeowners in this area.

Nebraska reassesses all properties to current market value upon sale with no statewide cap on increases. Boone County provides a Homestead Exemption for owner-occupied primary residences — file your claim with the Boone County Assessor within the required timeframe to lower your assessed value and tax liability. Request your assessment documentation from the Boone County Assessor and confirm the appeal deadline, typically 30 days from the assessment notice.