Nebraska variant. This is a Nebraska-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Nebraska's effective property tax rate of 1.61% means the owner of a median $250,000 home pays roughly $4,025 per year - a figure that varies widely by state.
How Nebraska property tax is calculated
Property tax = assessed value × local millage rate. The 1.61% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $250,000 Nebraska median home, that works out to about $4,025/year or $335/month - often escrowed into your mortgage payment.
About taxes and housing in Nebraska
Nebraska uses a graduated income tax, with a top marginal rate just under 6%.
Nebraska has comparatively high property taxes, with an effective rate around 1.6%, while median home values stay near $250,000.
Nebraska's economy is anchored by agriculture, food processing, insurance, and freight and rail transportation.
Worked example: tax on a $250,000 home
$250,000 × 1.61% = $4,025 per year. A $500,000 home in Nebraska would owe about $8,050 annually at the same effective rate.
Quick reference
- State income tax: 2.46-5.84% across 4 brackets
- State sales tax: 5.5% (plus 1.46% avg local)
- Median home value: $250,000
- Median household income: $71,722
- Effective property tax rate: 1.61%
- Avg auto insurance: $1,604/yr
Frequently Asked Questions
What is the property tax rate in Nebraska?
Nebraska's effective property tax rate averages 1.61% of market value per year.
How much property tax on a $250,000 home in Nebraska?
About $4,025 per year at the 1.61% effective rate.