Friend, Seward County, Nebraska Property Taxes

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

Median FRIEND, NE effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median FRIEND, NE home value: $339,495
Median annual FRIEND, NE tax bill: $3,675, $1,275 higher than the national median property tax bill of $2,400.

How are property taxes in Seward County calculated?

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

Last Updated March 1, 2025

Friend, Seward County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$4,312

$4,001

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

Property Tax Rates Across Friend, Seward County, Nebraska

Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation occurs because each county annually 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, this is the annual process in a nutshell. In FRIEND, located in Seward County, Nebraska, property tax rates reflect this local budgeting approach. Nebraska's median property tax rate stands at 1.27%, notably higher than the national median of 1.02%. This means that property owners in FRIEND may experience a higher tax burden compared to other parts of the country. Understanding these local tax dynamics is crucial for property owners seeking to manage their expenses effectively. By comparing FRIEND’s effective property tax rate to other cities in Nebraska and the national median, property owners can gain insights into how their tax obligations stack up and explore opportunities for potential savings through tax appeals or exemptions.

Property Tax Rates Across Friend, Seward County, Nebraska

Source: Ownwell

0.95%

1.37%

1.79%

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 Friend Tax Rate

1.27%

Median Effective Seward County Tax Rate

1.59%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Friend, Seward County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68359	0.97%	0.99%	1.27%	1.28%	1.28%

Source: Ownwell

Property Tax Assessment Values Across Friend, Seward County, Nebraska

When examining property taxes in Friend, 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 Seward County Appraisal District 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 Seward 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 Friend. For example, the median home price in Friend is $339,495, with tax bills ranging significantly across the county. Zip code 68359 has the highest median home price at $339,495.

Property Tax Assessment Values Across Friend, Seward County, Nebraska

Source: Ownwell

$70,780

$233,559

$396,338

Median Friend Market Value

$339,495

Median Seward County Market Value

$185,126

Median Nebraska Market Value

$182,439

Median United States Market Value

$235,294

Property Tax Assessment Values Across Friend, Seward County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68359	$170,650	$227,931	$339,495	$594,100	$1,043,717

Source: Ownwell

Property Tax Bills Across Friend, Seward County, Nebraska

In the city of Friend in Seward County, Nebraska, property tax bills are determined by assessing the property's market value and applying the local tax rate. This process involves evaluating the home's worth based on current market conditions. The median home price in Friend is $339,495, and the tax bill can vary significantly. For instance, the 25th percentile tax bill is $2,791, while the 75th percentile reaches $6,743, and the 90th percentile climbs to $11,341. These figures illustrate the potential financial impact on homeowners, as property taxes can be a substantial part of annual expenses. With the national median property tax bill at $2,400, many residents in Friend face higher obligations.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies opportunities for reducing your tax burden. This can result in significant savings, ensuring you pay only your fair share and have more financial freedom to allocate resources elsewhere.

Property Tax Bills Across Friend, Seward County, Nebraska

Source: Ownwell

$863

$3,165

$5,466

Median Friend Tax Bill

$3,675

Median Seward County Tax Bill

$2,810

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,400

Property Tax Bills Across Friend, Seward County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68359	$2,187	$2,791	$3,675	$6,743	$11,341

Source: Ownwell