Neb. Bill Would Limit School District Tax Assessment

By Michael Nunes (January 24, 2022, 3:29 PM EST) -- Nebraska school districts would be required to assess taxes on less than 100% of a real property's actual value as part of a bill introduced in the state Legislature.

L.B. 1242, introduced by State Sen. Dave Murman, R-Glenvil, on Thursday and referred to the Legislature's Revenue Committee Monday, would allow a school district to levy taxes on 95% of a real property's actual value in tax year 2022, decreasing over subsequent years to 91% in 2023 and 87% in 2024. School districts currently tax real property on its real value. 

Agricultural and horticultural land, which currently are assessed school district tax...

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