69220 Property Tax Rate

Property owners in ZIP code 69220 (Sparks, Nebraska) pay a median of $2,250/year in property taxes on homes valued at $243,800. This translates to an effective tax rate of 0.92%, which is 30% below the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 69220 is approximately $188, which factors into escrow payments on mortgages. This ZIP code is located within Keya Paha County.

Compared to similar ZIP codes in Nebraska, 69220 has higher property taxes. ZIP codes with similar effective rates include 69350 (0.92%) and 68872 (0.92%).

In Sparks, property taxes represent approximately 7.8% of the median household income of $28,950, 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. Keya Paha County offers a Homestead Exemption for eligible owner-occupied primary residences that reduces your tax base — contact the Keya Paha County Assessor to apply for this exemption as soon as you close. File your exemption application with the Keya Paha County Assessor before the county's filing deadline and request verification of your assessed value.