Nebraska (Summary)
Last Updated: March 2020
Tax Type: Current Use
Description: Agricultural and horticultural land is assessed at or near 75% of actual value. Agricultural and horticultural land receiving special valuation ("greenbelt") is assessed at 75% of its special value.
Law Neb. Rev. Stat. §§ 77-1343 to 77-1380; Neb. Admin. Code Title 350, Chapter 11 & 14
Objective: It allows persons to continue to engage in agriculture or horticulture as a livelihood without being forced to discontinue their agricultural or horticultural endeavors as a result of excessive valuations caused by non-agricultural influences.
Principal Forest Property Tax Incentive Program:
Program legal-common name: General property tax program (Greenbelt)
Program Requirements
Min/Max Acreage: At least five contiguous acres. If the land consists of five contiguous acres or less, the owner or lessee of the land must also provide an Internal Revenue Service Schedule F documenting a profit or loss from farming for two out of the last three years in order for such land to qualify for special valuation.
Min. Stocking Growth: N/A
Forest Management Plan: N/A
Duration of Enrollment: N/A
Evidence of Use: N/A
Penalties for Use Change: Starting January 1, 2009 and forward, no additional taxes and interest will be collected on land that becomes disqualified for the special valuation assessment.
Program Administration
State: Nebraska Department of Revenue-Property Assessment Division provides a form for special valuation application.
County Tax Assessor and Commissioner: Local assessors administers the application and determines the assessed values.
University: N/A
Landowners: File an application with county tax assessor
For a more in depth discussion of Nebraska property taxes click here!