STRAIGHT TALK: LB829 Would Provide Necessary Tax Relief
January 17, 2018
LB829 is the number assigned to my property tax relief bill. LB829 will allow tax payers to get a 50 percent credit or refund on that portion of their property tax bill which goes to fund public education when they file their Nebraska state income taxes. For most taxpayers, LB829 will result in a 30 percent reduction in property taxes.
LB829 is necessary because property taxes in Nebraska have been running out of control. According to the Department of Numbers, Nebraska’s real median household income remained stagnant near $57,000 between the years of 2005-2016. However, the per capi...