68785 Property Tax Rate

Property owners in ZIP code 68785 (Waterbury, Nebraska) pay a median of $2,693/year in property taxes on homes valued at $202,300. This translates to an effective tax rate of 1.33%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68785 is approximately $224, which factors into escrow payments on mortgages. This ZIP code is located within Dixon County. This is $410 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68785 has lower property taxes. ZIP codes with similar effective rates include 68634 (1.33%) and 68349 (1.33%).

In Waterbury, property taxes represent approximately 2.8% of the median household income of $95,833, 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.