Franklin County, Nebraska Property Taxes

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

Median Franklin County effective property tax rate: 1.73%, significantly higher than the national median of 1.02%.
Median Franklin County home value: $50,605
Median annual Franklin County tax bill: $872, $1,528 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

Property taxes in Franklin County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Franklin or another part of Franklin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Franklin County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.73%

Estimate Property Tax Bill

$875

$812

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

Property Tax Rates Across Franklin 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 Franklin County's effective property tax rate to other counties in Nebraska or the U.S. median property tax rate. Franklin County's median property tax rate stands at 1.73%, notably higher than the national median of 1.02%. Within Nebraska, Upland has the highest median tax rate at 2.30%, while Wilcox boasts the lowest at 1.19%. This variation highlights the importance of understanding local tax dynamics. Property owners in Franklin County may find potential savings by exploring tax appeal opportunities, especially given the county's higher-than-average rate. Understanding these figures can empower property owners to make informed decisions and potentially reduce their tax liabilities.

Property Tax Rates Across Franklin County, Nebraska

Source: Ownwell

1.19%

1.75%

2.30%

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 Franklin County Tax Rate

1.73%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Franklin County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bloomington	1.41%	1.46%	1.96%	1.96%	1.96%
Campbell	1.01%	1.46%	1.46%	1.46%	1.46%
Franklin	1.44%	1.46%	1.90%	1.91%	1.91%
Hildreth	1.19%	1.22%	1.73%	1.73%	1.73%
Naponee	1.41%	1.42%	1.87%	1.87%	1.87%
Riverton	1.39%	1.41%	1.90%	1.91%	1.91%
Upland	1.20%	1.42%	2.30%	2.30%	2.30%
Wilcox	1.18%	1.19%	1.19%	1.20%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Franklin County, Nebraska

When examining property taxes in Franklin County, 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 Franklin County Assessor's Office 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 Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Franklin County.

For example, the median tax bill in Franklin County is $1,215, with tax bills ranging significantly across the county. Wilcox has the highest median home price at $253,082.

Property Tax Assessment Values Across Franklin County, Nebraska

Source: Ownwell

$19,000

$136,041

$253,082

Median Franklin County Market Value

$50,605

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Franklin County, Nebraska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bloomington	$1,670	$7,885	$23,715	$84,500	$289,410
Campbell	$5,843	$14,628	$27,620	$56,335	$162,316
Franklin	$13,919	$25,649	$53,718	$114,575	$245,416
Hildreth	$22,050	$49,185	$81,905	$129,185	$328,850
Naponee	$3,576	$14,022	$34,605	$130,209	$301,827
Riverton	$1,164	$6,195	$19,000	$212,775	$450,307
Upland	$4,198	$12,766	$50,878	$294,131	$717,106
Wilcox	$71,530	$129,780	$253,082	$700,394	$943,579

Source: Ownwell

Property Tax Bills Across Franklin County, Nebraska

In Franklin County, NE, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to calculate the annual tax bill. The median home price in Franklin County is $50,605, resulting in a range of property tax bills. Homeowners in the 25th percentile pay around $333, while those in the 75th percentile face bills closer to $2,096. At the higher end, the 90th percentile sees tax bills reaching $4,883. Comparatively, the national median property tax bill is $2,400, highlighting the variability within the county. Wilcox has the highest median tax bill at $3,042, while Riverton boasts the lowest at $362. These taxes fund essential services like schools and infrastructure, impacting homeowners by influencing their overall cost of living and potentially affecting property values in the area.

Property Tax Bills Across Franklin County, Nebraska

Source: Ownwell

$362

$1,702

$3,042

Median Franklin County Tax Bill

$872

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Franklin County, Nebraska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bloomington	$32	$134	$441	$1,307	$4,298
Campbell	$85	$195	$394	$833	$2,242
Franklin	$249	$443	$969	$2,045	$3,820
Hildreth	$293	$745	$1,371	$2,124	$4,426
Naponee	$61	$262	$582	$1,848	$4,497
Riverton	$23	$116	$362	$3,033	$6,514
Upland	$96	$290	$963	$4,136	$9,015
Wilcox	$861	$1,557	$3,042	$8,274	$11,229

Source: Ownwell