Bill Reduces Ag Land Property Taxes

LINCOLN — Property tax continues to be a heated topic in the Nebraska Legislature. Senators took nearly the entire day on April 21 to debate and vote on LB2, a bill that would reduce the amount of taxes agriculture landowners pay to school district bonds.

Currently, ag landowners pay property tax for 75 percent of their land to area school districts. Nebraska school districts levy local property tax to pay off bonds they’ve acquired for various district needs. 

If the bill passes, the property tax rate ag landowners pay would decline to 50 percent, for the purpose of school district...