69347 Property Tax Rate

Property owners in ZIP code 69347 (Hay Springs, Nebraska) pay a median of $1,580/year in property taxes on homes valued at $118,400. 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 69347 is approximately $132, which factors into escrow payments on mortgages. This ZIP code is located within Sheridan County. This is $703 less than the Nebraska average of $2,283/year.

Compared to similar ZIP codes in Nebraska, 69347 has higher property taxes. ZIP codes with similar effective rates include 68649 (1.33%) and 68018 (1.34%).

In Hay Springs, property taxes represent approximately 2.0% of the median household income of $78,382, providing context for the relative tax burden on homeowners in this area.

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.