68844 Property Tax Rate

Property owners in ZIP code 68844 (Hazard, Nebraska) pay a median of $4,000/year in property taxes on homes valued at $258,700. This translates to an effective tax rate of 1.55%, which is 17% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68844 is approximately $333, which factors into escrow payments on mortgages. This ZIP code is located within Sherman County. This is $1,717 more than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68844 has lower property taxes. ZIP codes with similar effective rates include 69361 (1.55%) and 68863 (1.55%).

In Hazard, property taxes represent approximately 6.3% of the median household income of $63,913, 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. Sherman County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces your tax base — apply directly with the Sherman County Assessor to claim this relief. Submit your exemption application to the Sherman County Assessor within 30 days of closing and request a copy of your assessment notice.