A big deal for Nebraska
As Governor, property tax relief has been my number one priority. Every year, I’ve worked with State Senators to increase the amount of state relief from local property taxes. From 2015-2019, we nearly doubled the amount of direct property tax relief from $140 million annually to $275 million annually. This relief helps pay your annual property tax bill. It is applied directly to your property tax bill, and appears as a credit on your statement. I have also proposed many other ideas about how to make structural changes to Nebraska’s property tax system over the years.
Last week, we celebrated a giant step forward in delivering substantial property tax relief. In the final days of the recent legislative session, senators voted to approve LB 1107, which incorporates some of the property tax relief measures I’ve advocated over the years. This bill not only delivers significant property tax relief to Nebraskans, but also reforms our business incentives and puts Nebraska in the running for a $1 billion federal investment in the University of Nebraska Medical Center (UNMC). LB 1107 is a big deal for our state. Getting the bill to the finish line was a generational accomplishment that will grow Nebraska for years to come.
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