Nebraska Property Tax Calculator
Calculate property taxes in Nebraska. NE effective property tax rate is 1.73% with a median home value of $230,000. Includes NE assessment ratios and exemptions.
Nebraska at a Glance
$230,000
Median Home Price
1.73%
Property Tax Rate
$2,200
Avg Home Insurance
$472,030
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Nebraska
The median home price in Nebraska is $230,000, which is 45% below the national average of $420,000. Nebraska's effective property tax rate of 1.73% is 0.63 percentage points higher than the national average of 1.1%.
| Metric | Nebraska (NE) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $230,000 | $420,000 | -45% |
| Property Tax Rate | 1.73% | 1.1% | +0.63% |
| Home Insurance (Annual) | $2,200 | $2,300 | -4% |
| State Sales Tax | 5.5% | 5% | +0.5% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Homeownership in Nebraska
Nebraska has one of the highest effective property tax rates in the country at 1.73%, which is notable given that home prices remain moderate at around $230,000. The Omaha metro has seen steady price growth and provides a stable employment base in financial services (Berkshire Hathaway, TD Ameritrade, and Mutual of Omaha are headquartered here). Lincoln, as the state capital and university city, has a different demographic profile with strong rental demand.
Tips for Nebraska Homebuyers and Homeowners
- Nebraska's 1.73% effective property tax rate means the average homeowner in Omaha or Lincoln pays $3,000-$4,000+ per year -- factor this into your monthly payment calculation as it adds $250-$350 per month.
- Nebraska has a Property Tax Credit that provides some direct credit against property taxes owed -- the credit amount varies by year based on state budget; claim it through the Nebraska Department of Revenue.
- Nebraska homestead exemptions are available for veterans with 100% service-connected disability, seniors over 65 with income below $35,500, and disabled individuals -- the exemption can be 100% of taxes owed.
- Omaha's property tax burden is actually lower than the state average -- Douglas County has a higher assessed value base that spreads the tax burden, while some rural Nebraska counties have very high rates due to thin tax bases.
Nebraska Programs and Assistance
- Nebraska Investment Finance Authority (NIFA) Homebuyer Assistance Program -- provides competitive 30-year mortgage rates with down payment and closing cost assistance for first-time buyers.
- NIFA First Home Program -- the standard first-time buyer product with income and purchase price limits and DPA of up to 5% of the purchase price.
- USDA Rural Development programs are widely applicable in Nebraska given the state's large rural geography -- worth checking eligibility even for smaller cities.
Did you know? Nebraska's property tax burden is the 4th highest in the nation, yet home prices remain among the most affordable -- this unusual combination means annual tax-to-value ratios are significantly higher than states with similar home prices.