68784 Property Tax Rate

Property owners in ZIP code 68784 (Wakefield, Nebraska) pay a median of $1,852/year in property taxes on homes valued at $123,000. This translates to an effective tax rate of 1.51%, which is 14% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68784 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Dixon County. This is $431 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68784 has higher property taxes. ZIP codes with similar effective rates include 68502 (1.51%) and 68901 (1.50%).

In Wakefield, property taxes represent approximately 3.1% of the median household income of $59,524, 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. Dixon County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces assessed value — contact the Dixon County Assessor's office immediately after closing to file for this exemption. File your application with the Dixon County Assessor before the annual deadline to secure the exemption on your first tax bill.