68745 Property Tax Rate

Property owners in ZIP code 68745 (Laurel, Nebraska) pay a median of $1,692/year in property taxes on homes valued at $188,500. This translates to an effective tax rate of 0.90%, which is 32% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68745 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Cedar County. This is $591 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68745 has higher property taxes. ZIP codes with similar effective rates include 68717 (0.90%) and 68620 (0.89%).

In Laurel, property taxes represent approximately 2.5% of the median household income of $68,625, 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. Cedar County provides a Homestead Exemption for qualifying owner-occupied primary residences that lowers assessed value — contact the Cedar County Assessor to apply for this exemption as soon as you close. File your exemption application with the Cedar County Assessor before the annual filing deadline to ensure relief on your first tax bill.