Farnam, Frontier County, Nebraska Property Taxes

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

Median Farnam, NE effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Farnam, NE home value: $139,703
Median annual Farnam, NE tax bill: $1,031, $1,369 lower than the national median property tax bill of $2,400.

How are property taxes in Frontier 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, Frontier County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$1,187

$1,102

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

Property Tax Rates Across Farnam, Frontier County, Nebraska

Local government entities in Nebraska set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential 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 Farnam’s effective property tax rate to other cities in Nebraska and the median property tax rates in Nebraska and the U.S. Farnam, located in Frontier County, has a property tax rate that offers a unique perspective compared to the national median rate of 1.02%. The median property tax rate in Nebraska is 0.85%, which is below the national average. This comparison provides valuable insights for property owners in Farnam and highlights the importance of understanding local tax rates. By being informed about these rates, property owners can make better financial decisions and potentially save on their property tax bills.

Property Tax Rates Across Farnam, Frontier County, Nebraska

Source: Ownwell

0.75%

1.17%

1.60%

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

0.85%

Median Effective Frontier County Tax Rate

1.50%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Farnam, Frontier County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
69029	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Farnam, Frontier County, Nebraska

When examining property taxes in Farnam, NE, 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 Frontier 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 Frontier 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 Farnam.

For example, the median home price in Farnam is $139,703, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Farnam, Frontier County, Nebraska

Source: Ownwell

$16,836

$113,139

$209,442

Median Farnam Market Value

$139,703

Median Frontier County Market Value

$86,548

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Farnam, Frontier County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
69029	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Farnam, Frontier County, Nebraska

In Farnam, located in Frontier County, NE, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which can fluctuate based on market conditions and property improvements. For homeowners in Farnam, the tax bill at the 25th percentile is $901, while those at the 75th percentile pay $1,107. Meanwhile, the 90th percentile sees bills as high as $1,355. With a median home price of $139,703, these figures show that property taxes in Farnam can have a significant impact on household budgets. Compared to the national median property tax bill of $2,400, Farnam residents generally pay less, but it's still crucial to ensure that assessments are accurate. This is where Ownwell comes in, offering expert property tax appeal and exemption services. By reviewing assessments and identifying potential inaccuracies, Ownwell helps homeowners in Farnam potentially reduce their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Farnam, Frontier County, Nebraska

Source: Ownwell

$244

$891

$1,538

Median Farnam Tax Bill

$1,031

Median Frontier County Tax Bill

$1,097

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Farnam, Frontier County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
69029	N/A	N/A	N/A	N/A	N/A

Source: Ownwell