68982 Property Tax Rate

Property owners in ZIP code 68982 (Wilcox, Nebraska) pay a median of $1,890/year in property taxes on homes valued at $142,400. This translates to an effective tax rate of 1.33%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 68982 is approximately $158, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $393 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 68982 has lower property taxes. ZIP codes with similar effective rates include 68004 (1.33%) and 68823 (1.33%).

In Wilcox, property taxes represent approximately 2.7% of the median household income of $69,583, 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.