Fairmont, Fillmore County, Nebraska Property Taxes

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

Median Fairmont, NE effective property tax rate: 1.70%, significantly higher than the national median of 1.02%, but lower than the Nebraska state median of 1.75%.
Median Fairmont, NE home value: $73,480
Median annual Fairmont, NE tax bill: $1,109, $1,291 lower than the national median property tax bill of $2,400.

How are property taxes in Fillmore calculated?

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

Last Updated March 1, 2025

Fairmont, Fillmore County, Nebraska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.7%

Estimate Property Tax Bill

$1,249

$1,159

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

Property Tax Rates Across Fairmont, Fillmore County, Nebraska

Local government entities in Nebraska determine tax rates, leading to significant variations within the state. Each year, counties like Fillmore estimate their budget needs for services and divide this by the total assessed value of all taxable property in their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. Fairmont in Fillmore County has an effective property tax rate that stands out when compared to other cities in Nebraska and the national median. Nebraska's median property tax rate is notably higher than the national median of 1.02%, reflecting the state's approach to funding local services. Understanding these differences can help property owners in Fairmont make informed decisions about their tax obligations. By comparing Fairmont's rate to the national and state medians, property owners can gain insights into how their taxes support local services and infrastructure, ultimately impacting their community's quality of life.

Property Tax Rates Across Fairmont, Fillmore County, Nebraska

Source: Ownwell

0.83%

1.32%

1.82%

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 Fairmont Taxx Rate

1.70%

Median Effective Fillmore County Taxx Rate

1.63%

Median Effective Nebraska Tax Rate

1.75%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Fairmont, Fillmore County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
68354	0.95%	0.97%	1.70%	1.70%	1.70%

Source: Ownwell

Property Tax Assessment Values Across Fairmont, Fillmore County, Nebraska

When examining property taxes in Fairmont, 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 Fillmore 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.

In Fillmore 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 Fairmont. For example, the median home price in Fairmont is $73,480, with tax bills ranging significantly across the county. Zip code 68354 has the highest median home price at $73,480.

Property Tax Assessment Values Across Fairmont, Fillmore County, Nebraska

Source: Ownwell

$34,015

$165,097

$296,178

Median Fairmont Market Value

$73,480

Median Fillmore County Market Value

$93,580

Median Nebraska Market Value

$182,439

Median United States Market Value

$244,900

Property Tax Assessment Values Across Fairmont, Fillmore County, Nebraska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
68354	$20,514	$34,035	$73,480	$167,788	$656,308

Source: Ownwell

Property Tax Bills Across Fairmont, Fillmore County, Nebraska

In Fairmont, Fillmore County, NE, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as market trends and local government budgets can influence these rates. In Fairmont, the median property tax bill is $1,109, which is below the national median of $2,400. This relatively lower bill can be a relief for homeowners, but those in higher brackets, like the 90th percentile with a tax bill of $6,803, might find their property taxes burdensome. Ownwell assists homeowners by reviewing their property assessments to identify potential overvaluations. By filing appeals and exemptions on behalf of homeowners, Ownwell can help reduce the property tax burden, ensuring that homeowners pay only their fair share. This service can lead to significant savings, especially for those facing higher tax bills.

Property Tax Bills Across Fairmont, Fillmore County, Nebraska

Source: Ownwell

$425

$1,531

$2,637

Median Fairmont Tax Bill

$1,109

Median Fillmore County Tax Bill

$1,380

Median Nebraska Tax Bill

$3,071

Median United States Tax Bill

$2,690

Property Tax Bills Across Fairmont, Fillmore County, Nebraska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
68354	$334	$556	$1,109	$2,455	$6,803

Source: Ownwell