Advocates For All Nebraskans

50% Reduction in Property Tax Petition

This change would result in an immediate reduction in property taxes for all Nebraskans, offering substantial relief to homeowners, businesses, and agriculture producers.

Amendment of State Statute 77-201:

Currently, Nebraska’s state statute 77-201 mandates that real (residential and commercial) properties be taxed at full market value, while agricultural and horticultural properties are taxed at 75% of market value.
This petition proposes reducing the taxable valuation for all property types to 50% of their market value. Specifically:
Real properties: Taxable at 50% of market value (down from 100%).
Agricultural and horticultural properties: Taxable at 37.5% of market value (down from 75%).

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