69334 Property Tax Rate

Property owners in ZIP code 69334 (Bayard, Nebraska) pay a median of $1,681/year in property taxes on homes valued at $124,900. This translates to an effective tax rate of 1.35%, which is near the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 69334 is approximately $140, which factors into escrow payments on mortgages. This ZIP code is located within Morrill County. This is $602 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 69334 has lower property taxes. ZIP codes with similar effective rates include 68814 (1.35%) and 69001 (1.35%).

In Bayard, property taxes represent approximately 2.7% of the median household income of $62,350, providing context for the relative tax burden on homeowners in this area.

Nebraska has no annual assessment cap; the Morrill County Assessor reassesses all properties to current market value each year, meaning your tax bill can rise substantially. Apply for the Homestead Exemption through the Morrill County Assessor's office—owner-occupants of primary residences may qualify for a reduction in assessed value. Submit your application immediately after purchase, as late filings may delay your exemption by a full year.