68628 Property Tax Rate

Property owners in ZIP code 68628 (Clarks, Nebraska) pay a median of $1,309/year in property taxes on homes valued at $155,200. This translates to an effective tax rate of 0.84%, which is 36% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68628 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Merrick County. This is $974 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68628 has higher property taxes. ZIP codes with similar effective rates include 69039 (0.84%) and 68452 (0.83%).

In Clarks, property taxes represent approximately 2.4% of the median household income of $55,125, providing context for the relative tax burden on homeowners in this area.

Nebraska performs full reassessment to market value at property transfer; there is no state-imposed cap limiting the increase. Merrick County offers a Homestead Exemption for primary residences — apply with the Merrick County Assessor within 30 days of purchase to reduce your assessed value and tax liability. Contact the Merrick County Assessor to confirm the exemption percentage and to verify that your exemption has been recorded on your property record.