68661 Property Tax Rate

Property owners in ZIP code 68661 (Schuyler, Nebraska) pay a median of $1,618/year in property taxes on homes valued at $133,500. This translates to an effective tax rate of 1.21%, which is 8% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68661 is approximately $135, which factors into escrow payments on mortgages. This ZIP code is located within Colfax County. This is $665 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68661 has lower property taxes. ZIP codes with similar effective rates include 68956 (1.21%) and 68442 (1.21%).

In Schuyler, property taxes represent approximately 2.0% of the median household income of $80,653, providing context for the relative tax burden on homeowners in this area.

Nebraska reassesses all properties at market value at the time of purchase; there is no statewide cap on assessment increases for new owners. Colfax County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces assessed valuation — contact the Colfax County Assessor's office to confirm eligibility and file before the county's deadline. Request a Property Tax Statement from the Colfax County Assessor immediately after closing to verify your assessed value and understand the local exemption application process.