Lincoln, Lancaster County, Nebraska Property Taxes

Name: Property Tax Bills Across Lincoln, Lancaster County, Nebraska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lincoln, NE effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Lincoln, NE home value: $237,600
Median annual Lincoln, NE tax bill: $3,563, $1,163 higher than the national median property tax bill of $2,400.

How are property taxes in Lancaster calculated?

Property taxes in Lincoln, NE are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lincoln’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lincoln, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lincoln, Lancaster County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$3,612

$3,351

Ownwell’s Lincoln Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lincoln with just two data points. By entering your property's estimated assessed value, our calculator applies Lincoln’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lancaster County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lincoln, Lancaster County, Nebraska

Local government entities set tax rates, and these can vary significantly within Nebraska. This variation occurs because each county annually estimates the budget required to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these tax rates and budgets, this is essentially the annual process.

In Lincoln, located in Lancaster County, the effective property tax rate is 1.52%, which is higher than the national median of 1.02%. When comparing Lincoln's rate to other cities in Nebraska, it's evident that the rates can fluctuate. For example, the highest median tax rate in the state is 1.56% in the 68526 zip code, while the lowest is 1.20% in the 68517 zip code. This comparison highlights the diversity in property tax rates not only within the state but also in relation to the national landscape. Understanding these differences can empower property owners to make informed decisions about potential tax appeals or exemptions.

Property Tax Rates Across Lincoln, Lancaster County, Nebraska

Source: Ownwell

1.14%

1.47%

1.80%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lincoln Tax Rate

1.52%

Median Effective Lancaster County Tax Rate

1.51%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lincoln, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68502	1.30%	1.41%	1.50%	1.60%	1.71%
68503	1.29%	1.41%	1.49%	1.59%	1.70%
68504	1.30%	1.40%	1.49%	1.58%	1.65%
68505	1.36%	1.44%	1.50%	1.56%	1.62%
68506	1.34%	1.42%	1.50%	1.57%	1.64%
68507	1.32%	1.42%	1.49%	1.57%	1.64%
68508	1.14%	1.40%	1.52%	1.70%	1.84%
68510	1.34%	1.42%	1.50%	1.58%	1.66%
68512	1.40%	1.48%	1.55%	1.61%	1.69%
68514	0.78%	1.21%	1.45%	1.64%	1.69%
68516	1.32%	1.47%	1.55%	1.61%	1.68%
68517	1.05%	1.14%	1.20%	1.26%	1.34%
68520	0.34%	0.86%	1.47%	1.67%	1.83%
68521	1.34%	1.47%	1.54%	1.60%	1.67%
68522	1.31%	1.47%	1.53%	1.59%	1.65%
68523	0.38%	1.15%	1.26%	1.43%	1.59%
68524	1.26%	1.42%	1.48%	1.55%	1.61%
68526	1.25%	1.48%	1.56%	1.65%	1.74%
68527	0.28%	0.97%	1.41%	1.56%	1.63%
68528	1.26%	1.43%	1.51%	1.57%	1.64%
68531	1.10%	1.19%	1.30%	1.40%	1.54%
68532	1.04%	1.16%	1.30%	1.42%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Lincoln, Lancaster County, Nebraska

When examining property taxes in Lincoln, Nebraska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lancaster County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Lancaster County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lincoln. For example, the median home price in Lincoln is $237,600, with tax bills ranging significantly across the county. Zip code 68517 has the highest median home price at $469,400.

Property Tax Assessment Values Across Lincoln, Lancaster County, Nebraska

Source: Ownwell

$160,450

$345,425

$530,400

Median Lincoln Market Value

$237,600

Median Lancaster County Market Value

$238,100

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lincoln, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68502	$126,200	$158,100	$202,000	$274,300	$379,200
68503	$111,300	$136,100	$165,000	$198,400	$243,870
68504	$125,900	$151,300	$178,300	$208,700	$261,850
68505	$154,500	$186,075	$219,600	$257,725	$356,550
68506	$162,100	$193,000	$236,000	$303,300	$370,960
68507	$142,400	$170,400	$205,250	$257,800	$351,370
68508	$86,980	$117,425	$160,450	$245,275	$419,060
68510	$142,000	$173,800	$213,500	$258,100	$316,090
68512	$189,980	$225,200	$295,100	$437,300	$637,200
68514	$219,680	$276,825	$374,100	$415,175	$495,070
68516	$215,200	$255,800	$320,200	$401,350	$488,040
68517	$346,920	$401,000	$469,400	$553,700	$677,500
68520	$80,000	$137,950	$415,200	$610,400	$855,020
68521	$111,400	$187,400	$233,400	$289,050	$351,200
68522	$160,490	$195,975	$227,450	$264,700	$314,500
68523	$82,500	$312,800	$422,300	$555,975	$744,720
68524	$146,990	$183,675	$205,100	$240,900	$284,080
68526	$216,900	$281,450	$397,050	$529,075	$665,260
68527	$80,000	$273,300	$427,900	$511,100	$710,720
68528	$156,400	$187,250	$234,750	$298,500	$432,540
68531	$341,460	$387,625	$466,250	$562,025	$661,660
68532	$330,380	$413,600	$463,900	$520,300	$579,380

Source: Ownwell

Property Tax Bills Across Lincoln, Lancaster County, Nebraska

In Lincoln, Lancaster County, NE, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Lincoln face property tax bills that can vary significantly. The 25th percentile tax bill is $2,687, while those in the 75th percentile pay $4,961. The 90th percentile can reach up to $6,753, which is considerably higher than the national median property tax bill of $2,400. The highest median tax bill in Lincoln is found in the 68526 zip code, where it reaches $6,201. Conversely, the lowest median tax bill is $2,267 in the 68508 zip code. These taxes can be a significant financial burden for homeowners. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and market conditions, Ownwell helps ensure that homeowners in Lincoln pay only their fair share, offering substantial savings.

Property Tax Bills Across Lincoln, Lancaster County, Nebraska

Source: Ownwell

$2,267

$4,383

$6,499

Median Lincoln Tax Bill

$3,563

Median Lancaster County Tax Bill

$3,561

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Lincoln, Lancaster County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68502	$1,782	$2,326	$3,034	$4,174	$5,861
68503	$1,562	$1,959	$2,428	$3,004	$3,727
68504	$1,716	$2,170	$2,642	$3,139	$4,042
68505	$2,185	$2,781	$3,235	$3,883	$5,537
68506	$2,320	$2,839	$3,500	$4,626	$5,704
68507	$1,890	$2,439	$3,038	$3,949	$5,304
68508	$1,084	$1,632	$2,267	$3,450	$6,674
68510	$1,984	$2,544	$3,200	$3,904	$4,803
68512	$2,676	$3,446	$4,630	$7,016	$10,219
68514	$1,038	$3,887	$5,299	$6,431	$7,418
68516	$2,942	$3,837	$4,952	$6,201	$7,613
68517	$3,805	$4,761	$5,637	$6,990	$8,115
68520	$340	$1,543	$4,540	$9,335	$12,786
68521	$1,171	$2,812	$3,596	$4,460	$5,381
68522	$2,300	$2,955	$3,485	$4,067	$4,684
68523	$941	$3,182	$5,918	$7,324	$9,083
68524	$2,085	$2,624	$3,058	$3,663	$4,284
68526	$2,451	$4,073	$6,201	$8,409	$10,976
68527	$204	$1,692	$6,074	$7,193	$9,379
68528	$2,046	$2,743	$3,452	$4,511	$6,068
68531	$4,618	$4,927	$5,330	$7,442	$9,172
68532	$3,655	$5,050	$6,143	$6,957	$7,712

Source: Ownwell