Farnam, Lincoln County, Nebraska Property Taxes
Property Taxes in Farnam, Nebraska
Median Farnam, Nebraska effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, and lower than the Nebraska state median of 1.39%.
Median Farnam, Nebraska home value: $281,977
Median annual Farnam, Nebraska tax bill: $2,338, $62 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Farnam, 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 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 April 13, 2026
Farnam, Lincoln County, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$2,340
$2,172
How Does the Farnam Property Tax Calculator Work?
Use this Farnam property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Farnam's median effective tax rate of 0.83% — based on actual property records in Lincoln 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 Farnam'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 Farnam: rates range from 2338.00 in 69029 to 2338.00 in 69029, 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 Farnam.
About Farnam Property Taxes
About Property Taxes in Farnam, Lincoln, Nebraska
Farnam’s median effective property tax rate of 0.83% is lower than the Lincoln County median of 1.39% and lower than the national median of 1.02%. This rate reflects the Lincoln 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 Farnam. Homeowners in the 69029 ZIP code carry a median effective rate of 0.83%, and those in the same ZIP code also pay a median property tax bill of $2,338. That bill is $62 lower than the state tax bill comparison provided here, and the 75th percentile tax bill reaches $3,250.
Farnam homeowners who believe their assessed value is too high can file a formal appeal with the Lincoln County 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 Farnam, Lincoln 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 Farnam'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 Ă· 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
0.83%
Our median effective property tax rate (tax bill Ă· 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 Lincoln County Tax Rate
1.35%
Median Effective Nebraska Tax Rate
1.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farnam, Lincoln County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69029 | 0.80% | 0.82% | 0.83% | 0.83% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Farnam, Lincoln 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 Lincoln 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.
Assessment notices:
In Lincoln 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 $281,977, with tax bills ranging significantly across the county. 69029 has the highest median home price at $281,977.
Property Tax Assessment Values Across Farnam, Lincoln County, Nebraska
Source: Ownwell
$77,696
$272,763
$467,830
Median Farnam Market Value
$281,977
Median Lincoln County Market Value
$154,103
Median Nebraska Market Value
$199,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farnam, Lincoln County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69029 | $124,377 | $202,208 | $281,977 | $396,986 | $551,042 |
Source: Ownwell
Property Tax Bills Across Farnam, Lincoln County, Nebraska
Property tax bills in Farnam are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to the assessed value to determine the annual bill, and that amount can vary depending on exemptions, local levies, and changes in assessment. For homeowners, this means a higher assessed value can lead to a larger bill even if the home has not been sold.
The median home price in Farnam is $281,977, and the median property tax bill is $2,338, which is close to the national median property tax bill of $2,400. Bills can differ widely across homeowners, with the 25th percentile at $1,247 and the 75th percentile at $3,250. At the 90th percentile, the bill reaches $4,486, showing how much property taxes can affect household costs.
Median Farnam Tax Bill
$2,338
Median Lincoln County Tax Bill
$1,935
Median Nebraska Tax Bill
$2,896
Median United States Tax Bill
$2,400
Property Tax Bills Across Farnam, Lincoln County, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69029 | $1,003 | $1,247 | $2,338 | $3,250 | $4,486 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Lincoln Tax Assessor | |
| Website | orion.lancaster.ne.gov |