Revenue Committee Hears Ag-Focused Property Tax Bills
February 27, 2019
LINCOLN - With the nation’s seventh-highest property tax rates, many Nebraskans are looking for any sort of relief. And according to Sen. Mike Groene of North Platte, farmers are feeling the burden more than others.
On Feb. 21, Groene presented LB 530 in front of the unicameral’s Revenue Committee, explaining that the bill would drop the valuation at which agricultural property is taxed from 75 percent to 65 percent.
The last time the tax valuation on Nebraska agricultural land decreased was in 2006, when LB 968 dropped it from 80 percent to 75 percent of the actual land value. Groene...