68853 Property Tax Rate

Property owners in ZIP code 68853 (Loup City, Nebraska) pay a median of $1,516/year in property taxes on homes valued at $127,100. This translates to an effective tax rate of 1.19%, which is 9% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68853 is approximately $126, which factors into escrow payments on mortgages. This ZIP code is located within Sherman County. This is $767 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68853 has lower property taxes. ZIP codes with similar effective rates include 68358 (1.19%) and 68405 (1.20%).

In Loup City, property taxes represent approximately 2.9% of the median household income of $52,159, 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.