68731 Property Tax Rate

Property owners in ZIP code 68731 (Dakota City, Nebraska) pay a median of $2,745/year in property taxes on homes valued at $196,000. This translates to an effective tax rate of 1.40%, which is 6% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68731 is approximately $229, which factors into escrow payments on mortgages. This ZIP code is located within Dakota County. This is $462 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68731 has higher property taxes. ZIP codes with similar effective rates include 68329 (1.40%) and 68979 (1.40%).

In Dakota City, property taxes represent approximately 3.2% of the median household income of $85,815, providing context for the relative tax burden on homeowners in this area.

Dakota County assesses all property annually under Nebraska law without a universal homestead exemption — you will receive a Notice of Proposed Valuation in spring and have the right to appeal. Senior (65+) and disabled homeowners may qualify for the Homestead Exemption or Property Tax Reduction Credit; file applications with the Dakota County Assessor before the county's deadline. Contact the Dakota County Assessor at (402) 987-2130 when your assessment notice arrives to apply for relief programs and exercise your 30-day appeal right.