Odessa, Buffalo County, Nebraska Property Taxes

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Property Taxes in Odessa, Nebraska

Median Odessa, Nebraska effective property tax rate: 1.22%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Odessa, Nebraska home value: $101,215
Median annual Odessa, Nebraska tax bill: $999, lower than the national median property tax bill of $2,400.

How are property taxes in Buffalo calculated?

Property taxes in Odessa, 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 Odessa's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Odessa, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Odessa, Buffalo County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$1,235

$1,146

How Does the Odessa Property Tax Calculator Work?

Use this Odessa property tax calculator to estimate your annual property tax bill. Enter your property's assessed value, and the calculator applies Odessa's median effective tax rate of 1.22% — based on actual property records in Buffalo County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. The calculator applies Odessa's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Odessa's median effective tax rate is higher than Nebraska's 1.39% state median tax rate, while the median property tax bill is $999, which is $1,401 lower than the national median property tax bill of $2,400.

Your bill may vary by ZIP code within Odessa: rates range from 0.00% in 68861 to 0.00% in 68861, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Odessa.

About Odessa Property Taxes

About Property Taxes in Odessa, Buffalo, Nebraska

Odessa’s median effective property tax rate of 1.22% 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 Odessa. Homeowners in the 68861 ZIP code carry a median effective rate of 1.22%, while those in the same ZIP code also pay 1.22%. This spread reflects how school district boundaries and local assessment districts are drawn across Buffalo County. Understanding which part of Odessa you live in can make a meaningful difference to your annual tax bill.

Odessa 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 Odessa, 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 Odessa's effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S.

Property Tax Rates Across Odessa, Buffalo County, Nebraska

Source: Ownwell

0.98%

1.39%

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 Odessa Tax Rate

1.22%

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 Odessa, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68861	1.19%	1.21%	1.22%	1.22%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Odessa, Buffalo County, Nebraska

When examining property taxes in Odessa, 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 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 June 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 Odessa.

For example, the median home price in Odessa is $101,215, with tax bills ranging significantly across the county. 68861 has the highest median home price at $101,215.

Property Tax Assessment Values Across Odessa, Buffalo County, Nebraska

Source: Ownwell

$101,215

$210,868

$320,520

Median Odessa Market Value

$101,215

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 Odessa, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68861	$26,242	$58,200	$101,215	$138,715	$189,369

Source: Ownwell

Property Tax Bills Across Odessa, Buffalo County, Nebraska

Property tax bills in Odessa are based on the assessed value of a home and the local tax rate set by taxing authorities in Buffalo County. The assessed value is compared with the market value of the property, and that figure is used to calculate the bill homeowners receive each year. For a home with a median price of $101,215, the tax bill can vary depending on location, exemptions, and local levies.

Homeowners in Odessa may see bills that are lower or higher than the median depending on how their property is assessed and which taxing districts apply. The 25th percentile tax bill is $493, while the 75th percentile is $1,589 and the 90th percentile is $2,179. These differences show how property taxes can affect household budgets, especially when assessed values rise or local rates change.

Property Tax Bills Across Odessa, Buffalo County, Nebraska

Source: Ownwell

$999

$2,376

$3,753

Median Odessa Tax Bill

$999

Median Buffalo County Tax Bill

$2,882

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Odessa, Buffalo County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68861	$179	$493	$999	$1,589	$2,179

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 30

Links
Buffalo Tax Assessor
Website	beacon.schneidercorp.com

Frequently Asked Property Tax Questions in Odessa, Nebraska

How are property taxes calculated in Odessa, Nebraska?

Property taxes in Odessa, Nebraska are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Odessa, Nebraska?

To appeal your property taxes in Odessa, Nebraska, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Odessa, Nebraska?

Common property tax exemptions in Odessa, Nebraska include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Odessa, Nebraska?

Property tax deadlines in Odessa, Nebraska vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Odessa, Nebraska?

Ownwell provides professional property tax appeal services in Odessa, Nebraska. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.