68970 Property Tax Rate

Property owners in ZIP code 68970 (Red Cloud, Nebraska) pay a median of $973/year in property taxes on homes valued at $72,400. This translates to an effective tax rate of 1.34%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68970 is approximately $81, which factors into escrow payments on mortgages. This ZIP code is located within Webster County. This is $1,310 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68970 has lower property taxes. ZIP codes with similar effective rates include 69334 (1.35%) and 68814 (1.35%).

In Red Cloud, property taxes represent approximately 1.6% of the median household income of $60,250, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 68970, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Webster County's tax assessor directly.