68801 Property Tax Rate

Property owners in ZIP code 68801 (Grand Island, Nebraska) pay a median of $2,579/year in property taxes on homes valued at $186,600. This translates to an effective tax rate of 1.38%, which is 5% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68801 is approximately $215, which factors into escrow payments on mortgages. This ZIP code is located within Hall County. This is $296 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68801 has lower property taxes. ZIP codes with similar effective rates include 68331 (1.38%) and 68457 (1.38%).

In Grand Island, property taxes represent approximately 4.1% of the median household income of $63,214, 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. Hall County offers a Homestead Exemption for eligible primary-residence owners that reduces assessed valuation — file your application with the Hall County Assessor immediately after closing. Submit your exemption application to the Hall County Assessor before the county's annual deadline and request a preliminary assessment statement to review for accuracy.