68663 Property Tax Rate

Property owners in ZIP code 68663 (Silver Creek, Nebraska) pay a median of $2,073/year in property taxes on homes valued at $200,400. This translates to an effective tax rate of 1.03%, which is 21% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68663 is approximately $173, which factors into escrow payments on mortgages. This ZIP code is located within Merrick County. This is $210 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68663 has lower property taxes. ZIP codes with similar effective rates include 68713 (1.03%) and 69140 (1.03%).

In Silver Creek, property taxes represent approximately 3.2% of the median household income of $65,040, 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.