Printer Friendly
Email to a Friend
LINCOLN, Neb. (AP) - People who pay taxes on Nebraska land and buildings will get a tax credit of roughly $94 per $100,000 of valuation this year under the new state budget.
The Department of Revenue announced the rate Monday from the property tax credit fund. Lawmakers and Gov. Pete Ricketts approved $408 million over two years for the fund during this year's legislative session.
Under the formula, the owner of a $150,000 home will get a $141 credit. The credit is applied to the property taxes that are owed to local governments.
Of the $204 million available this year, Douglas County residents will receive the largest share with $36.3 million. Lancaster County will get nearly $21 million.
The department says nearly $217 billion in real Nebraska property value is eligible for the credit.
© Associated Press
MOST VIEWED STORIES
Atchison woman pleads to charges in fatal crash
3 arrested in Hiawatha drug bust
Updated: Officer shooter search leads to arrest
Former Kickapoo Tribal Chair pleads to child porn-related charge
Atchison man earns prison from injurious outburst
Baniewicz on leave at Bishop Miege; investigation launched
Falls City man sentenced to prison on multiple charges
State Audit discovers alleged financial misconduct
Saturday night construction zone crash injures one
Public health advisory issued for two local lakes
Candidate list finalized in Brown Co
Atchison's Lust found safe following disappearance
Young sex offenders earn sentences in Atchison Co
Falls City Council member rescinds resignation
Death of puppy leads to Atchison arrest
Arrest following search warrant in Mayetta
3 local communities awarded small-town grants
Woman injured after striking object on Nemaha Co highway
LATEST STORIES
Public health advisory issued for two local lakes
Baniewicz on leave at Bishop Miege; investigation launched
Falls City Council member rescinds resignation
Atchison proclamation of Juneteenth made Monday
Death of puppy leads to Atchison arrest
Charges filed in fatal Holt County MO crash
Wellness recovery program coming to SE Nebraska
Auburn native to seek NU Board of Regents seat
Hiawatha, Ks 66434