Mason City, Buffalo County, Nebraska Property Taxes
Property Taxes in Mason City, Nebraska
Median Mason City, Nebraska effective property tax rate: 1.04%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Mason City, Nebraska home value: $35,615
Median annual Mason City, Nebraska tax bill: $371, lower than the national median property tax bill of $2,400.
How are property taxes in Buffalo County calculated?
Property taxes in Mason City, Nebraska 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 Mason City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mason City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mason City, Buffalo County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$370
$344
How Does the Mason City Property Tax Calculator Work?
Use this Mason City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mason City's median effective tax rate of 1.04% — based on actual property records in Buffalo County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mason City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Mason City: rates range from local differences in school district levies and assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mason City.
About Mason City Property Taxes
About Property Taxes in Mason City, Buffalo, Nebraska
Mason City's median effective property tax rate of 1.04% is lower than the Nebraska state median of 1.39% and higher than the national median of 1.02%. This rate reflects the Buffalo County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Mason City. Homeowners in the highest ZIP code carry a median effective rate of 1.04%, while those in the lowest ZIP code pay 1.04%. This spread reflects how school district boundaries and local assessment districts are drawn across Buffalo County. Understanding which part of Mason City you live in can make a meaningful difference to your annual tax bill.
Mason City homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mason City, Buffalo County, Nebraska
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Mason City’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.
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 Mason City Tax Rate
1.04%
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 Buffalo County Tax Rate
1.31%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mason City, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68855 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mason City, Buffalo County, Nebraska
When examining property taxes in Mason City, 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 Buffalo County assessor 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 Buffalo County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of June.
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 Mason City.
For example, the median home price in Mason City is $35,615, with tax bills ranging significantly across the county. The median tax bill is $371, far below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Mason City, Buffalo County, Nebraska
Source: Ownwell
$101,215
$210,868
$320,520
Median Mason City Market Value
$35,615
Median Buffalo County Market Value
$215,958
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mason City, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68855 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mason City, Buffalo County, Nebraska
How are property tax bills calculated in Mason City, Buffalo County, Nebraska?
Property tax bills in Mason City are based on a home’s assessed value and the local tax rate set by taxing authorities. When the assessed value changes, the tax bill can change too. For this area, the median home price is $35,615, which helps show the local market context for homeowners.
What factors are considered in the tax bill calculation? Local budgets, school funding, county services, and other public needs all influence the rate applied to a property’s assessed value. That means two homes with different assessed values may owe different amounts even within the same neighborhood.
How does this affect homeowners? In Mason City, the tax bill is the same at the 25th, 75th, and 90th percentiles: $371. That suggests many homeowners face a similar property tax burden, which is far below the national median property tax bill of $2,400.
Median Mason City Tax Bill
$371
Median Buffalo County Tax Bill
$2,882
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Mason City, Buffalo County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68855 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Buffalo Tax Assessor | |
| Website | beacon.schneidercorp.com |