68871 Property Tax Rate

Property owners in ZIP code 68871 (Rockville, Nebraska) pay a median of $1,864/year in property taxes on homes valued at $118,100. This translates to an effective tax rate of 1.58%, which is 20% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68871 is approximately $155, which factors into escrow payments on mortgages. This ZIP code is located within Sherman County. This is $419 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68871 has lower property taxes. ZIP codes with similar effective rates include 68132 (1.58%) and 69341 (1.58%).

In Rockville, property taxes represent approximately 3.9% of the median household income of $47,969, 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.