Budget & Taxes (Property Tax)

signed · Nebraska · Legislature Apr 8, 2025

LB 501: Change provisions relating to the assessment of real property that suffers significant property damage

LB 501 adjusts property tax assessments for real property damaged by disasters like fires, floods, or tornadoes. It directly affects property owners whose homes or land suffer significant damage (exceeding 20% of assessed value) after January 1, 2019, excluding damage caused by the owner. The bill requires owners to report damage to county assessors by July 15, triggers a county review by July 20, and mandates that the county board of equalization adjust the property’s assessed value to what it was *before* the disaster occurred. This ensures affected properties are taxed based on their pre-damage value for the current year only, without requiring new property appraisals.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts property tax assessments downward for disaster-damaged properties, providing tax relief to affected owners by reducing their assessed value and thus tax burden.85% confidence

Sub-Topics Property Tax

died · Nebraska · Legislature Apr 17, 2026

LB 200: Provide for exemptions under the Personal Property Tax Relief Act

LB 200 reinstates tax exemptions for specific properties under Nebraska's Personal Property Tax Relief Act, directly affecting state/local government entities, nonprofit organizations (educational, religious, charitable, cemetery), and Medicaid-serving healthcare facilities. The bill restores exemptions for government property used for public purposes, nonprofit properties used exclusively for their mission (not for profit or discrimination), and skilled nursing facilities serving Medicaid beneficiaries (with exemptions based on average occupancy). It also clarifies that student housing exemptions apply only to common areas of buildings owned by charities and made available to students. The bill amends multiple tax code sections to harmonize these provisions without creating new exemptions.

Topics ✓ Budget & TaxesSupports Budget & TaxesRestores tax exemptions for nonprofits/government properties under Personal Property Tax Relief Act, providing direct tax relief per bill's title and summary.95% confidence ✓ EducationSupports EducationBill explicitly includes educational nonprofits in tax exemption list, reducing their property tax burden as part of relief for nonprofit educational organizations.80% confidence

Sub-Topics Property Tax

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died · Nebraska · Legislature Apr 17, 2026

LB 424: Limit increases in property tax bills

Nebraska's LB 424 limits how much property taxes can increase annually for homeowners. It caps yearly tax bill increases at the lesser of the inflation rate (based on the U.S. Consumer Price Index) or 3%, preventing rapid spikes. This directly affects property owners whose annual tax bills would otherwise rise faster than this limit, unless the increase results from home improvements. The bill applies to all real property tax bills issued in Nebraska.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax increases at inflation or 3%, preventing rapid spikes and providing relief to homeowners, directly advancing fiscal stability in tax management.95% confidence

Sub-Topics Property Tax

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died · Nebraska · Legislature Apr 17, 2026

LB 211: Change provisions relating to the calculation of property tax request authority under the Property Tax Growth Limitation Act

Nebraska's LB 211 amends the Property Tax Growth Limitation Act to change how local governments (like cities and counties) calculate their annual property tax increase limit. It establishes a base limit using the prior year's property taxes minus exemptions, then allows additional increases based on either the local government's growth rate or inflation (with a 2% minimum for most entities). If public safety services (like police/fire) make up 20% or more of property tax-funded spending, the inflation-based increase uses a 0% floor; otherwise, it uses a 2% floor. The bill repeals the existing calculation method and takes effect immediately upon approval.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends property tax growth limits to allow increases based on local growth/inflation, enabling higher local government revenue for budgets.90% confidence

Sub-Topics Property Tax

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died · Nebraska · Legislature Apr 17, 2026

LB 564: Change provisions relating to fund transfers to the School District Property Tax Relief Credit Fund and the amount of tax relief granted under the School District Property Tax Relief Act

LB 564 adjusts Nebraska's School District Property Tax Relief Act by increasing annual funding for property tax credits. It mandates escalating transfers from the General Fund to the School District Property Tax Relief Credit Fund, starting at $750 million for fiscal year 2024-25 and increasing by $150 million each subsequent year through 2030-31 (e.g., $780 million in 2025-26, $808 million in 2026-27). These credits directly reduce property tax bills for homeowners in Nebraska school districts, calculated based on prior-year school district taxes and applied to tax statements. Unused credits are returned to the fund, and counties distribute funds to school districts via a defined formula. The bill repeals prior funding provisions and takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases annual funding for property tax credits via escalating General Fund transfers, directly reducing homeowner taxes under the School District Property Tax Relief Act.95% confidence ✓ EducationSupports EducationIncreases state funding for school district property tax relief via escalating General Fund transfers, directly supporting district finances and reducing homeowner tax burden.95% confidence

Sub-Topics Property Tax State Budget

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died · Nebraska · Legislature Apr 17, 2026

LB 152: Create a homestead exemption

LB 152 creates a homestead exemption in Nebraska, effective January 1, 2026, that exempts the first $100,000 of a primary residence's actual value from property taxes. It directly affects Nebraska homeowners who occupy their property as their primary residence, as defined by the bill. Key provisions include setting the exemption amount, allowing transfers of the exemption when moving to a new homestead, and requiring state reimbursement for the tax loss. The bill harmonizes existing homestead exemption rules and amends multiple tax statutes to implement this change.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for primary residences, providing direct tax relief to homeowners, aligning with middle-income tax relief indicators.90% confidence ✓ HousingSupports HousingExempts primary residence value from property taxes, reducing costs for homeowners and increasing housing affordability for owner-occupants.95% confidence

Sub-Topics Property Tax Property Taxes

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died · Nebraska · Legislature Apr 17, 2026

LB 484: Redefine agricultural land and horticultural land for property tax assessment

LB 484 redefines "agricultural land" and "horticultural land" for property tax purposes in Nebraska, ensuring these lands are taxed differently than other property. The bill adds specific definitions: land used for commercial crop/livestock production (excluding solar/wind farms) qualifies, while land in conservation programs or enrolled in federal production-reduction programs still counts if primarily used for farming. This directly affects farmers and landowners with qualifying agricultural property, as it clarifies how their land's assessed value is calculated relative to other property classes. The key mechanism is excluding non-farming commercial uses (like energy projects) from the agricultural classification to maintain lower tax rates for active farms.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedefines property tax assessment for agricultural land, providing targeted tax relief by classifying qualifying farms under lower tax rates.95% confidence

Sub-Topics Property Tax

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signed · Nebraska · Legislature Mar 26, 2025

LB 123: Change provisions relating to withholding money due to noncompliance with budget limits, property tax request authority, and annual audits for certain political subdivisions

This bill modifies how Nebraska handles state aid to local governments (cities, counties, and other political subdivisions) that miss financial deadlines. If a local government fails to comply with budget limits, submit property tax calculations, or complete annual audits, the state will suspend their funding for six months. If compliance isn't achieved within that period, the funds are forfeited and redistributed to other local entities in the same county or returned to state funds. After 12 months of non-compliance, the local government becomes ineligible for future state aid until it meets all requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnforces budget compliance for local entities, promoting fiscal responsibility through withheld funds for noncompliance with budget limits and audits.90% confidence

Sub-Topics Property Tax

died · Nebraska · Legislature Apr 17, 2026

LR 12CA: Constitutional amendment to impose a limit on ad valorem taxes for real property, provide a new method of valuing real property for tax purposes, provide certain exceptions, and eliminate conflicting constitutional provisions

This Nebraska constitutional amendment (LR 12CA) would limit property taxes on real estate to a maximum of 1.5% of a property's full cash value starting in 2027. It directly affects all Nebraska property owners, particularly homeowners, by capping annual tax rates on real property. Key provisions include allowing higher taxes for specific voter-approved bonds (e.g., school construction with 55% voter approval) but requiring strict accountability measures like annual audits for those projects. The amendment also updates tax valuation methods for agricultural land, motor vehicles, and other property classes while eliminating conflicting existing constitutional language.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps property taxes at 1.5% of full cash value, directly limiting taxation (core aspect of Budget & Taxes), with exceptions only for voter-approved bonds requiring accountability.95% confidence ✗ EducationOpposes EducationProperty tax cap reduces school funding revenue base, with limited exceptions requiring 55% voter approval for bonds. Primary effect limits education funding sources.85% confidence

Sub-Topics Property Tax

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died · Nebraska · Legislature Apr 17, 2026

LB 242: Change the Property Tax Growth Limitation Act and the School District Property Tax Relief Act and change provisions relating to budget limitations, municipal occupation taxes, and property tax statements

This bill modifies Nebraska's Property Tax Growth Limitation Act and School District Property Tax Relief Act. It changes how municipalities and school districts calculate annual property tax limits by revising formulas for "allowable growth" (accounting for new construction, annexation, and inflation) and adjusting budget calculation methods. The bill also updates rules for municipal occupation taxes, property tax statements, and allows counties to retain certain funds for costs under the School District Property Tax Relief Act. These changes directly affect local governments, school districts, and county treasurers in managing property tax revenues. The bill amends specific statutes (13-518, 13-3403, etc.) but does not alter the underlying tax rates or revenue collection mechanisms.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill modifies Property Tax Growth Limitation Act and School District Property Tax Relief Act, adjusting formulas to account for new construction and inflation. The 'relief' in the title directly aligns with tax relief indicators for middle/lower i...90% confidence

Sub-Topics Property Tax Revenue

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