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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.

Property tax relief for damaged homes

The law lowers your property’s assessed value when a calamity causes major damage. Damage qualifies if it exceeds 20% of the improvement or land value, or over 20% of total value when the Governor declares a disaster and an inspector finds it uninhabitable. The event must occur on or after January 1, 2019 and before July 1 of the assessment year, and not be caused by the owner. You must report the damage to the county assessor and county clerk by July 15 using the state form. The assessor inspects and reports to the county board by July 20. The county board sets your value to its value on the damage date for that year and mails notice. You have 30 days to protest after notice; the board must decide within 30 days; the clerk mails the decision within seven days; you can appeal within 30 days. If your property qualifies, the treasurer does not use immediate tax collection when removal, demolition, or attachment is known.

Refunds for damaged mobile homes

If a damaged mobile home was moved and you paid the accelerated tax, you can get a refund. Report the damage by July 15. You can recover the part of the accelerated tax tied to the value the county board reduces. Ask the county for the refund after the board’s action.

Earlier value notices in large counties

In counties with at least 150,000 people, the assessor sends preliminary values by January 15 each year. Assessors must finish assessments by March 19 in other counties and by March 25 in large counties. These are timing rules only and do not change your tax rate.

Sponsors & Cosponsors

Sponsor

  • Glen Meyer

    legislature

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

    4/8/2025legislature

  2. Dispensing of reading at large approved

    4/3/2025legislature

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

    4/3/2025legislature

  4. President/Speaker signed

    4/3/2025legislature

  5. Presented to Governor on April 3, 2025

    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

    4/8/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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