Nebraska Farm Bureau president Steve Nelson says Thursday’s passage of LB 1107 by the Nebraska legislature will provide significant and “much needed” property tax relief to farmers and ranchers.
Nelson tells Brownfield that the bill, when fully implemented, will more than double the amount of money in the state’s property tax credit fund.
“Our projections show right around a 15 percent reduction in property taxes paid, or relief for property taxes, when this proposal is fully implemented, which is around a five-year time period,” Nelson says.
