Nebraska

Nebraska has an effective property tax rate of 1.54%, with a median annual property tax of $3,480. Properties are assessed at 100.0% of market value and reassessed annual (county assessors revalue all property yearly to maintain 92-100% of market value). Payments are due semi-annual.

Effective Rate

1.54%

Assessment Ratio

100.0%

Median Annual Tax

$3,480

Payment Frequency

Semi-Annual

Appeal Deadline

By June 30 to County Board of Equalization; then to Tax Equalization and Review Commission (TERC) within 30 days of county decision

Due Dates

First half due May 1; second half due September 1. Full payment option by April 1.

Reassessment Cycle

Annual (county assessors revalue all property yearly to maintain 92-100% of market value)

Homestead Exception

Income-based homestead exemption for qualifying homeowners: exempts 1% to 100% of assessed value based on income level and household size. Maximum qualifying value $130,000.

Key Notes

Among the highest property tax rates in the nation. State requires assessments at 92-100% of market value. Legislature has passed multiple property tax relief measures. LB 1107 created refundable income tax credit for property taxes paid to schools.

Late Penalty

14% annual interest on delinquent first half taxes; additional penalties apply after prolonged delinquency

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