68855 Property Tax Rate

Property owners in ZIP code 68855 (Mason City, Nebraska) pay a median of $1,691/year in property taxes on homes valued at $212,500. This translates to an effective tax rate of 0.80%, which is 40% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68855 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Custer County. This is $592 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68855 has lower property taxes. ZIP codes with similar effective rates include 68644 (0.80%) and 68938 (0.79%).

In Mason City, property taxes represent approximately 2.2% of the median household income of $76,731, 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. Custer County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces assessed value — file your application with the Custer County Assessor to secure this benefit. Submit your exemption paperwork to the Custer County Assessor before the county's deadline and request confirmation of your assessed valuation.