Franklin, Franklin County, Nebraska Property Taxes
Property Taxes in Franklin, Nebraska
Median Franklin, Nebraska effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, and higher than the Nebraska state median of 1.39%.
Median Franklin, Nebraska home value: $74,362
Median annual Franklin, Nebraska tax bill: $1,011, lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Franklin, 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 Franklin's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklin, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franklin, Franklin County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$1,049
$973
How Does the Franklin Property Tax Calculator Work?
Use this Franklin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklin's median effective tax rate of 1.41% — based on actual property records in Franklin 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 Franklin'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 Franklin: rates range from 1.41% in 68939 to 1.41% in 68939, 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 Franklin.
About Franklin Property Taxes
About Property Taxes in Franklin, Franklin, Nebraska
Franklin’s median effective property tax rate of 1.41% 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 Franklin. Homeowners in the 68939 ZIP code carry a median effective rate of 1.41%, while those in 68939 pay 1.41%. 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 Franklin you live in can make a meaningful difference to your annual tax bill.
Franklin 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 Franklin, 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 Franklin'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 ÷ 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 Tax Rate
1.41%
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
1.34%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68939 | 0.91% | 0.93% | 1.41% | 1.43% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Franklin, Franklin County, Nebraska
When examining property taxes in Franklin, 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 Franklin County assessment 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.
Assessment notices:
In Franklin 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 Franklin is $74,362, with tax bills ranging across the county. The highest median home price is in 68939 at $74,362.
Property Tax Assessment Values Across Franklin, Franklin County, Nebraska
Source: Ownwell
$21,862
$197,464
$373,065
Median Franklin Market Value
$74,362
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 Franklin, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68939 | $20,540 | $35,029 | $74,362 | $166,145 | $331,648 |
Source: Ownwell
Property Tax Bills Across Franklin, Franklin County, Nebraska
Property tax bills in Franklin are calculated by multiplying a home’s assessed value by the local tax rate, then applying any exemptions or credits that may lower the amount owed. The assessed value is based on the market value of the property, so changes in home prices can affect the bill from year to year. Local taxing authorities use this process to fund services such as schools, roads, and public safety.
For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessed value may reduce it. In Franklin, the median home price is $74,362, and property tax bills vary widely across households. The 25th percentile tax bill is $429, the 75th percentile is $1,975, and the 90th percentile reaches $3,368. The median tax bill in the highest and lowest ZIP code is $1,011 in 68939.
Median Franklin Tax Bill
$1,011
Median Franklin County Tax Bill
$880
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin, Franklin County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68939 | $237 | $429 | $1,011 | $1,975 | $3,368 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Franklin Tax Assessor | |
| Website | franklin.gworks.com |