68640 Property Tax Rate

Property owners in ZIP code 68640 (Genoa, Nebraska) pay a median of $1,750/year in property taxes on homes valued at $127,600. This translates to an effective tax rate of 1.37%, which is 4% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68640 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Nance County. This is $533 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68640 has lower property taxes. ZIP codes with similar effective rates include 68015 (1.37%) and 68831 (1.37%).

In Genoa, property taxes represent approximately 2.7% of the median household income of $65,000, providing context for the relative tax burden on homeowners in this area.

Nebraska reassesses properties at fair market value upon sale without a statewide cap, so your tax obligation will be based on your purchase price. Nance County provides a Homestead Exemption for owner-occupied primary residences — file your application with the Nance County Assessor promptly after closing to claim the exemption and lower your assessed value. Request your formal assessment from the Nance County Assessor and file an appeal within 30 days if you dispute the valuation.