Free property tax calculator tailored for Nebraska (NE). Calculate instantly with state-specific rates and rules.
Nebraska has an effective property tax rate of 1.61%, producing an average annual bill of $3,261. The US national average is 1.07% — Nebraska's rate is above, placing it at rank #43 out of 50 states (rank 1 = lowest).
Nebraska assesses all property at 100% of fair market value, with agricultural land assessed at 75%. County assessors conduct valuations annually. Nebraska has been actively reforming its property tax system to address high rates.
The Homestead Exemption program provides significant relief for seniors age 65+, disabled individuals, and disabled veterans — exempting 50-100% of the property's value depending on income and age category. The Nebraska Property Tax Credit Act provides a state credit against property taxes for all homeowners.
No statewide cap on assessment increases. Nebraska's Legislature passed LB1107 in 2020, creating property tax credits of up to $125M/year to reduce the burden, with ongoing discussions about further reform.
Nebraska has among the highest property taxes in the Great Plains, reflecting heavy reliance on property taxes to fund K-12 education. Agricultural landowners pay among the highest rates in the nation.
The median home value in Nebraska is $225,000. Omaha and Lincoln have seen 20-30% appreciation since 2020, driven by strong employment and affordable housing relative to coastal markets. Rural Nebraska has been stable. At the 1.61% effective rate, a homeowner at the median value pays roughly $3,261/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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