69201 Property Tax Rate

Property owners in ZIP code 69201 (Valentine, Nebraska) pay a median of $1,377/year in property taxes on homes valued at $141,200. This translates to an effective tax rate of 0.98%, which is 26% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 69201 is approximately $115, which factors into escrow payments on mortgages. This ZIP code is located within Cherry County. This is $906 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 69201 has lower property taxes. ZIP codes with similar effective rates include 68843 (0.98%) and 68633 (0.98%).

In Valentine, property taxes represent approximately 2.3% of the median household income of $58,808, providing context for the relative tax burden on homeowners in this area.

Nebraska assessments occur annually at fair market value with no cap on increases; the Cherry County Assessor will determine your assessed value at purchase and reassess it each year. Contact the Cherry County Assessor to file for the Homestead Exemption if your property is your primary residence—this exemption reduces your taxable assessed value. File your exemption claim promptly after closing, ideally before the April 15 deadline, to ensure it applies to your first tax bill.