68723 Property Tax Rate

Property owners in ZIP code 68723 (Carroll, Nebraska) pay a median of $2,432/year in property taxes on homes valued at $187,500. This translates to an effective tax rate of 1.30%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68723 is approximately $203, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County.

Compared to similar ZIP codes in Nebraska, 68723 has lower property taxes. ZIP codes with similar effective rates include 68424 (1.30%) and 68975 (1.29%).

In Carroll, property taxes represent approximately 3.0% of the median household income of $82,143, 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. Wayne County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces assessed value — apply with the Wayne County Assessor immediately after closing to lock in this benefit. Contact the Wayne County Assessor within 30 days of purchase to file your exemption application and receive your assessment statement.