68714 Property Tax Rate

Property owners in ZIP code 68714 (Bassett, Nebraska) pay a median of $1,294/year in property taxes on homes valued at $122,200. This translates to an effective tax rate of 1.06%, which is 20% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68714 is approximately $108, which factors into escrow payments on mortgages. This ZIP code is located within Rock County. This is $989 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68714 has higher property taxes. ZIP codes with similar effective rates include 69134 (1.06%) and 69166 (1.06%).

In Bassett, property taxes represent approximately 2.3% of the median household income of $57,500, 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. Rock County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces your tax base — file your application with the Rock County Assessor to qualify for this exemption. Submit your exemption paperwork to the Rock County Assessor before the county's annual deadline and request a preliminary assessment statement.