Mason City, Custer County, Nebraska Property Taxes

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

Median Mason City, NE effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Mason City, NE home value: $89,550
Median annual Mason City, NE tax bill: $1,167, $1,233 lower than the national median property tax bill of $2,400.

How are property taxes in Custer calculated?

Property taxes in Mason City, 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 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 March 1, 2025

Mason City, Custer County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.35%

Estimate Property Tax Bill

$1,209

$1,122

Ownwell’s Mason City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mason City with just two data points. By entering your property's estimated assessed value, our calculator applies Mason City’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 Custer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mason City, Custer County, Nebraska

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. Nebraska’s median property tax rate stands at 1.35%, notably higher than the national median of 1.02%. This indicates a higher property tax burden for homeowners in the state compared to the national average. Mason City, located in Custer County, aligns with the state’s median, reflecting a consistent property tax rate across the county. Understanding these rates can help homeowners anticipate their tax liabilities and explore potential savings through appeals or exemptions. Whether you’re a new homeowner or a long-time resident, staying informed about property tax trends can lead to significant financial benefits.

Property Tax Rates Across Mason City, Custer County, Nebraska

Source: Ownwell

0.90%

1.37%

1.84%

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

1.35%

Median Effective Custer County Tax Rate

1.38%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mason City, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68855	1.16%	1.18%	1.35%	1.74%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Mason City, Custer County, Nebraska

When examining property taxes in Mason City, 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 Custer 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.

In Custer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $89,550, with tax bills ranging significantly across the county. 68855 has the highest median home price at $89,550.

Property Tax Assessment Values Across Mason City, Custer County, Nebraska

Source: Ownwell

$45,774

$230,230

$414,686

Median Mason City Market Value

$89,550

Median Custer County Market Value

$99,711

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mason City, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68855	$8,914	$23,386	$89,550	$271,106	$607,909

Source: Ownwell

Property Tax Bills Across Mason City, Custer County, Nebraska

In Mason City, located in Custer County, NE, property tax bills are determined by the assessed value of a home and the local tax rate. With a median home price of $89,550, property taxes can vary significantly. The tax bill for homeowners at the 25th percentile is $379, while those at the 75th percentile pay $3,347. At the 90th percentile, the tax bill can reach as high as $6,984. Compared to the national median property tax bill of $2,400, Mason City's tax bills can be notably lower or higher depending on the home's assessed value and location within the city. For homeowners, these taxes can represent a substantial financial obligation. Ownwell can assist by providing expert property tax appeal and exemption services, potentially reducing the tax burden. By analyzing the assessed value and identifying discrepancies, Ownwell helps homeowners ensure they are not overpaying. This service can lead to significant savings, making property ownership more affordable in Mason City.

Property Tax Bills Across Mason City, Custer County, Nebraska

Source: Ownwell

$764

$3,241

$5,717

Median Mason City Tax Bill

$1,167

Median Custer County Tax Bill

$1,435

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Mason City, Custer County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68855	$127	$379	$1,167	$3,347	$6,984

Source: Ownwell