A legislative proposal to base Nebraska property taxes on ag land on the land’s income potential rather than its market value was the subject of a news conference at the state capitol this morning.
The bill is sponsored by Senator Lydia Brasch of Bancroft.
“LB 338 would provide the long-term reform Nebraska needs to help prevent spikes on future ag property tax increases,” Brasch says.
Nebraska Governor Pete Ricketts, who hosted the news conference, supports the proposed change.
Continue reading Nebraskans discuss property tax reform proposal at Brownfield Ag News.
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