Farnam, Dawson County, Nebraska Property Taxes
Median Farnam, NE effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Farnam, NE home value: $51,098
Median annual Farnam, NE tax bill: $732, $1,668 lower than the national median property tax bill of $2,400.
How are property taxes in Dawson calculated?
Property taxes in Farnam, 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 Farnam’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farnam, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Farnam, Dawson County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.69%
Estimate Property Tax Bill
$864
$801
Property Tax Rates Across Farnam, Dawson County, Nebraska
Local government entities are responsible for setting tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its budgetary needs to provide services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process works each year.
In Farnam, located in Dawson County, Nebraska, the effective property tax rate is worth noting. Nebraska's median property tax rate is significantly higher than the national median of 1.02%. While Farnam's rate aligns with the state median, it is important to recognize how this compares to the national landscape. Nebraska's property tax bills are often higher than the national median of $2400, making it crucial for property owners to be aware of potential savings through appeals and exemptions. Understanding these dynamics can help property owners make informed decisions about managing their property tax liabilities effectively.
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 Farnam Tax Rate
1.69%
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 Dawson County Tax Rate
1.81%
Median Effective Nebraska Tax Rate
1.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farnam, Dawson County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
69029 | 1.19% | 1.49% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Farnam, Dawson County, Nebraska
When examining property taxes in Farnam, 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 Dawson 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.
In Dawson 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 Farnam. For example, the median home price in Farnam is $51,098, with tax bills ranging significantly across the county. 69029 has the highest median home price at $51,098.
Property Tax Assessment Values Across Farnam, Dawson County, Nebraska
Source: Ownwell
$51,098
$207,279
$363,459
Median Farnam Market Value
$51,098
Median Dawson County Market Value
$101,091
Median Nebraska Market Value
$182,439
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farnam, Dawson County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
69029 | $10,454 | $21,416 | $51,098 | $104,670 | $279,863 |
Source: Ownwell
Property Tax Bills Across Farnam, Dawson County, Nebraska
Median Farnam Tax Bill
$732
Median Dawson County Tax Bill
$1,900
Median Nebraska Tax Bill
$3,071
Median United States Tax Bill
$2,400
Property Tax Bills Across Farnam, Dawson County, Nebraska
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
69029 | $141 | $316 | $732 | $1,916 | $3,764 |
Source: Ownwell