69340 Property Tax Rate

Property owners in ZIP code 69340 (Ellsworth, Nebraska) pay a median of $1,850/year in property taxes on homes valued at $114,100. This translates to an effective tax rate of 1.62%, which is 23% above the Nebraska state average of 1.32%.

The monthly property tax burden for a median-valued home in 69340 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Sheridan County. This is $433 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 69340 has lower property taxes. ZIP codes with similar effective rates include 68669 (1.62%) and 68070 (1.62%).

Nebraska has no annual assessment cap; the Sheridan County Assessor reassesses properties to market value each year, which could increase your tax obligation. File for the Homestead Exemption with the Sheridan County Assessor if you occupy the home as your primary residence—this exemption reduces your taxable assessed value. Submit your exemption application within 30 days of purchase to activate the tax benefit immediately.