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NebraskaLB501109th Legislature 1st and 2nd SessionslegislatureWALLET

Change provisions relating to the assessment of real property that suffers significant property damage

Sponsored By: Glen Meyer

Signed by Governor

Revenue Committee

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Lower property taxes after major damage

The law defines damaged real property as damage on or after January 1 and before July 1, not caused by the owner. Damage must be more than 20% of the building’s assessed value, or more than 20% of the land’s assessed value. If you qualify, the county board sets your assessed value to the value on the date of damage for this tax year only. You must file a damaged‑property report with the county clerk by July 15 on the Tax Commissioner’s form. The county assessor inspects and reports to the board by July 20. The board meets June 1–July 25 (or by August 10 if extended) to set values and mails notice to you. You have 30 days to protest; the board decides within 30 days, mails notice within seven days, and you can appeal to the Tax Equalization and Review Commission within 30 days.

No immediate tax collection on damaged property

If your property meets the damaged‑property test, the county treasurer does not start immediate collection actions. This includes distress warrants and distraint. Normal collection rules still apply to other properties. This protects owners while the reduced assessment is processed.

Refunds for damaged mobile homes

If you moved a mobile home and paid accelerated tax, and it later suffers significant damage, you can request a refund. File the damaged‑property report by July 15. You can get back the part of the accelerated tax tied to the value the county board reduces because of the damage.

Sponsors & Cosponsors

Sponsor

  • Glen Meyer

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 85 • No: 0

legislature vote • 4/3/2025

Final Reading

Yes: 47 • No: 0 • Other: 2

legislature vote • 2/27/2025

Vote

Yes: 38 • No: 0 • Other: 11

Actions Timeline

  1. Approved by Governor on April 7, 2025

    4/7/2025legislature

  2. Presented to Governor on April 3, 2025

    4/3/2025legislature

  3. President/Speaker signed

    4/3/2025legislature

  4. Passed on Final Reading with Emergency Clause 47-0-2

    4/3/2025legislature

  5. Dispensing of reading at large approved

    4/3/2025legislature

  6. Placed on Final Reading

    3/19/2025legislature

  7. Advanced to Enrollment and Review for Engrossment

    3/11/2025legislature

  8. Placed on Select File

    3/5/2025legislature

  9. Advanced to Enrollment and Review Initial

    2/27/2025legislature

  10. Placed on General File

    2/11/2025legislature

  11. Notice of hearing for February 05, 2025

    1/28/2025legislature

  12. Referred to Revenue Committee

    1/23/2025legislature

  13. Date of introduction

    1/21/2025legislature

Bill Text

  • Introduced

    1/21/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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