Property Taxes in Nebraska
Nebraska's effective property tax rate is 1.43%, ranking #47 out of 50 states (1 = lowest). The median annual property tax paid is $3,285.
Nebraska's property tax rates are above the national average, which is the state's primary drawback for homebuyers. Property taxes are the largest source of local revenue, funding schools, counties, and municipalities. Rates vary by location — Douglas County (Omaha) and Lancaster County (Lincoln) have higher rates than rural counties. Nebraska offers a homestead exemption for qualifying homeowners (age, disability, or veteran status with income limits), and the state legislature has debated significant property tax reform measures in recent sessions.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
1.43%
Median Annual Tax
$3,285
National Rank
#47 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $2,860 | $238 |
| $300,000 | $4,290 | $358 |
| $400,000 | $5,720 | $477 |
| $500,000 | $7,150 | $596 |
| $750,000 | $10,725 | $894 |
* Based on the average effective rate of 1.43%. Actual rates vary by county and municipality.
Homestead Exemption in Nebraska
Up to $60,000
File for the homestead exemption after purchasing your primary residence in Nebraska to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Nebraska Compares
...
