Bloomington, Franklin County, Nebraska Property Taxes

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Property Taxes in Bloomington, Nebraska

Median Bloomington, Nebraska effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, and equal to the Nebraska state median of 1.39%.
Median Bloomington, Nebraska home value: $31,420
Median annual Bloomington, Nebraska tax bill: $389, $2,011 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated April 13, 2026

Bloomington, Franklin County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$437

$405

How Does the Bloomington Property Tax Calculator Work?

Use this Bloomington property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bloomington's median effective tax rate of 1.39% — based on actual property records in Franklin County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Bloomington'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 Bloomington: rates range from 1.39% in 68929 to 1.39% in 68929, 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 Bloomington.

About Bloomington Property Taxes

About Property Taxes in Bloomington, Franklin, Nebraska

Bloomington’s median effective property tax rate of 1.39% is higher than the Nebraska state median of 1.39% and higher than the national median of 1.02%. This rate reflects the Franklin 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 Bloomington. Homeowners in the 68929 ZIP code carry a median effective rate of 1.39%, while those in the same ZIP also pay 1.39%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Bloomington you live in can make a meaningful difference to your annual tax bill.

Bloomington 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 Bloomington, Franklin 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 Bloomington'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 Bloomington, Franklin County, Nebraska

Source: Ownwell

0.78%

1.31%

1.83%

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 Bloomington Tax Rate

1.39%

Median Effective Franklin County Tax Rate

1.34%

Median Effective Nebraska Tax Rate

1.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bloomington, Franklin County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68929	0.89%	0.93%	1.39%	1.41%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Bloomington, Franklin County, Nebraska

When examining property taxes in Bloomington, 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. Franklin County 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 Franklin 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 Bloomington.

For example, the median home price in Bloomington is $31,420, with tax bills ranging significantly across the county. 68929 has the highest median home price at $31,420.

Property Tax Assessment Values Across Bloomington, Franklin County, Nebraska

Source: Ownwell

$21,862

$197,464

$373,065

Median Bloomington Market Value

$31,420

Median Franklin County Market Value

$69,155

Median Nebraska Market Value

$199,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bloomington, Franklin County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68929	$2,170	$8,732	$31,420	$127,602	$365,440

Source: Ownwell

Property Tax Bills Across Bloomington, Franklin County, Nebraska

Property tax bills in Bloomington are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is compared with the market value of the property, and that figure is used to calculate the amount owed each year. For homeowners, this means a lower assessed value can lead to a smaller bill, while a higher assessed value can increase the amount due.

The median home price in Bloomington is $31,420, which helps explain why tax bills can vary widely from one property to another. The median tax bill is $389.00 in ZIP code 68929, while bills can range from $83 at the 25th percentile to $1,372 at the 75th percentile and reach $3,670 at the 90th percentile. These differences show how property characteristics and local assessments can affect what homeowners pay.

Property Tax Bills Across Bloomington, Franklin County, Nebraska

Source: Ownwell

$274

$1,602

$2,930

Median Bloomington Tax Bill

$389

Median Franklin County Tax Bill

$880

Median Nebraska Tax Bill

$2,896

Median United States Tax Bill

$2,400

Property Tax Bills Across Bloomington, Franklin County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68929	$30	$83	$389	$1,372	$3,670

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 30

Links
Franklin Tax Assessor
Website	franklin.gworks.com

Frequently Asked Property Tax Questions in Bloomington, Nebraska

How are property taxes calculated in Bloomington, Nebraska?

Property taxes in Bloomington, 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 Bloomington, Nebraska?

To appeal your property taxes in Bloomington, 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 Bloomington, Nebraska?

Common property tax exemptions in Bloomington, 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 Bloomington, Nebraska?

Property tax deadlines in Bloomington, 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 Bloomington, Nebraska?

Ownwell provides professional property tax appeal services in Bloomington, 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.