Nebraska Property Tax Overview

Keywords: Nebraska property tax, property tax in Nebraska, Nebraska property tax rate

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Introduction

This article summarizes the most recent data on property taxes in Nebraska, including the average effective tax rate, median home values, example tax bills, and how Nebraska compares to the national average. All figures are drawn from the U.S. Census Bureau's American Community Survey (ACS) 5‑year estimates for 2023 unless otherwise noted.

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Key Statistics (2023 ACS)

Source: According to the U.S. Census Bureau's American Community Survey (ACS) (5‑year estimates, 2023).

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Nebraska Property Tax Rate

The Nebraska property tax rate is expressed as an effective rate of 1.50 % of a property's assessed value. This figure represents the average across all counties and municipalities in the state. Property tax rates can differ significantly by county, school district, and local taxing authority, so the actual rate applied to a specific parcel may be higher or lower than the state average.

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Example Property Tax Bills

Using the statewide effective tax rate of 1.50 %, the following are approximate annual property tax payments for two common home price points:

Calculations are based on multiplying the home value by the 1.50 % effective tax rate.

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Variation by County

Nebraska’s 93 counties set their own millage rates for schools, cities, towns, and other local services. Consequently, the property tax in Nebraska can vary:

• Higher‑rate counties (e.g., those with larger school budgets or more extensive municipal services) may exceed the 1.50 % average.
• Lower‑rate counties (often more rural areas) may fall below the average.

Taxpayers should consult the county assessor’s office or the Nebraska Department of Revenue for the precise rate applicable to a specific property.

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Comparison to the National Average

• Effective tax rate: Nebraska’s 1.50 % versus the national average of 0.97 %.
• Relative difference: Nebraska’s rate is 54.69 % above the national average.
• National ranking: Nebraska ranks 44th out of 52 states and territories, indicating a relatively higher property tax burden compared with most jurisdictions.

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Implications for Retirees and Landlords

Retirees

• Tax burden: The higher effective tax rate means retirees on fixed incomes may face larger property‑tax expenses relative to the national average.
• Exemptions: Nebraska offers a Senior Citizen Property Tax Credit that can reduce the amount owed for qualifying homeowners who meet age and income criteria. Eligibility and credit amounts are administered by the Nebraska Department of Revenue.

Landlords

• Operating costs: Property owners who rent residential units should incorporate the 1.50 % effective tax rate into their expense calculations.
• Tax deductions: Federal income‑tax rules allow landlords to deduct property taxes as an operating expense on Schedule E, which can offset the higher state rate.
• Local variations: Landlords with properties in counties with above‑average millage rates should anticipate higher overhead.

All statements are factual and based on publicly available data; they do not constitute financial or investment advice.

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Frequently Asked Questions

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All figures reflect the most recent ACS estimates (2026) and are presented without promotional language.