Lexington, Gosper County, Nebraska Property Taxes
Property Taxes in Lexington, Nebraska
Median Lexington, Nebraska effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Lexington, Nebraska home value: $403,889
Median annual Lexington, Nebraska tax bill: $3,099, $699 higher than the national median property tax bill of $2,400.
How are property taxes in Gosper calculated?
Property taxes in Lexington, 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 Lexington's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lexington, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lexington, Gosper County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$3,272
$3,036
How Does the Lexington Property Tax Calculator Work?
Use this Lexington property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Lexington’s median effective tax rate of 0.81% — based on actual property records in Gosper County — to generate your estimate.
Enter your property’s estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. Our calculator applies Lexington’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 Lexington: rates are 3099.00 in 68850, 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 Lexington.
About Lexington Property Taxes
About Property Taxes in Lexington, Gosper, Nebraska
Lexington’s median effective property tax rate of 0.81% is lower than the Nebraska state median of 1.39% and lower than the national median of 1.02%. This rate reflects the Gosper 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 Lexington. Homeowners in the 68850 ZIP code carry a median effective rate of 0.81%, while those in the lowest ZIP also pay 0.81%. This spread shows how school district boundaries and local assessment districts are drawn across Gosper County. Understanding where you live in Lexington can make a meaningful difference to your annual tax bill.
Lexington homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 30, 2026.
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 Lexington, Gosper 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 Lexington'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 Ă· 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 Lexington Tax Rate
0.81%
Our median effective property tax rate (tax bill Ă· 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 Gosper County Tax Rate
0.67%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lexington, Gosper County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68850 | 0.20% | 0.80% | 0.81% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Lexington, Gosper County, Nebraska
When examining property taxes in Lexington, 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 Gosper 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 Gosper 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. For example, the median home price in Lexington is $403,889, with a median tax bill of $3,099.
Property Tax Assessment Values Across Lexington, Gosper County, Nebraska
Source: Ownwell
$102,180
$281,954
$461,728
Median Lexington Market Value
$403,889
Median Gosper County Market Value
$242,485
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lexington, Gosper County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68850 | $208,735 | $261,205 | $403,889 | $765,615 | $936,714 |
Source: Ownwell
Property Tax Bills Across Lexington, Gosper County, Nebraska
Property tax bills in Lexington are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, so two homes with similar market values can still owe different amounts if their assessments differ.
Several factors can affect the final tax bill, including the home’s assessed value, local tax rates, and any exemptions or special district levies that apply. For homeowners, this means a higher assessment can lead to a larger bill, even if the home has not been sold.
In Lexington, the median home price is $403,889, while the 25th percentile tax bill is $1,748 and the 75th percentile tax bill is $6,338. The 90th percentile tax bill reaches $7,487, showing how much bills can vary across the city.
Median Lexington Tax Bill
$3,099
Median Gosper County Tax Bill
$1,816
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Lexington, Gosper County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68850 | $854 | $1,748 | $3,099 | $6,338 | $7,487 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Gosper Tax Assessor | |
| Website | beacon.schneidercorp.com |