68753 Property Tax Rate

Property owners in ZIP code 68753 (Mills, Nebraska) pay a median of $2,500/year in property taxes on homes valued at $212,500. This translates to an effective tax rate of 1.18%, which is 11% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68753 is approximately $208, which factors into escrow payments on mortgages. This ZIP code is located within Keya Paha County. This is $217 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68753 has lower property taxes. ZIP codes with similar effective rates include 68434 (1.18%) and 68869 (1.18%).

In Mills, property taxes represent approximately 4.7% of the median household income of $53,542, 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. Keya Paha County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces your tax base — contact the Keya Paha County Assessor to apply for this exemption as soon as you close. File your exemption application with the Keya Paha County Assessor before the county's filing deadline and request verification of your assessed value.