68947 Property Tax Rate

Property owners in ZIP code 68947 (Hildreth, Nebraska) pay a median of $1,538/year in property taxes on homes valued at $134,400. This translates to an effective tax rate of 1.14%, which is 13% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68947 is approximately $128, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $745 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68947 has lower property taxes. ZIP codes with similar effective rates include 68357 (1.14%) and 68786 (1.14%).

In Hildreth, property taxes represent approximately 2.3% of the median household income of $65,750, providing context for the relative tax burden on homeowners in this area.

Nebraska conducts property assessment at the county level, with reassessment at sale or significant improvements; verify your assessed value with the Franklin County Assessor. Homeowners age 65 or older or with total disability qualify for the Homestead Exemption, reducing taxable assessed value and property taxes — apply with the Franklin County Assessor's office right after closing. File your Homestead Exemption application with the Franklin County Assessor within the first year of ownership to ensure the exemption applies to your earliest tax bills.