Nebraska Property Tax Law Changes 2026: What Homeowners Need to Know

Updated March 2026

Key Takeaway

Nebraska has the 7th highest property tax rate in the nation (1.73%) and has been pursuing aggressive relief through the Property Tax Credit Act and LB 1107 (2020) which created a refundable income tax credit for property taxes paid on school taxes. The state offers a homestead exemption of up to 100% for qualifying low-income seniors and disabled persons.

Nebraska Property Tax Snapshot: 2026

Median home value: $164,000
Average annual tax: $2,837
Effective tax rate: 1.73%
Assessment ratio: 100% of market value
Reassessment cycle: annual

Property Tax Credit Act + LB 1107

Nebraska has been at the forefront of property tax relief:

Property Tax Credit Act: Provides a credit applied directly to your tax bill (typically $100-$200 per year depending on funding)
LB 1107 (2020): Created a refundable income tax credit equal to a percentage of school district property taxes paid. The percentage has been increasing over time. Check your state income tax return for the current credit amount.

These credits are applied differently -- the Property Tax Credit appears on your tax statement, while the LB 1107 credit appears on your state income tax return.

Homestead Exemption: Up to 100%

Nebraska's homestead exemption is income-based and can provide up to 100% exemption for the lowest-income qualifiers:

Age 65+ or disabled
Income limit: approximately $47,701 for partial exemption
Sliding scale: lower income = higher exemption percentage (up to 100%)
Exemption applies to a maximum assessed value set annually

Apply through the county assessor by July 1.

Annual Reassessment

Nebraska reassesses all property annually at 100% of market value. County assessors must maintain assessments within 92-100% of actual value. The county Board of Equalization equalizes values across the county. If your property is assessed above market value, file your protest by June 30.

Ag Land Valuation

Agricultural land in Nebraska is valued using a 75% of market value formula (reduced from 80% by recent legislation). Given that ag land is a major portion of Nebraska's tax base, changes to ag valuation directly affect residential tax rates.

Check Your 2026 Nebraska Assessment

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Nebraska Appeal Process

Filing deadline: June 30
File with: County Board of Equalization
Evidence needed: Comparable sales, property condition photos, record corrections

2026 Action Checklist

Review your assessment notice when it arrives
Verify all exemptions are applied (homestead, senior, veteran)
Compare your assessed value to recent comparable sales
File your appeal by June 30 if over-assessed
Check your property record for errors (square footage, features, classification)

Get Your 2026 Nebraska Evidence Packet

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