Change provisions relating to the valuation of agricultural land and horticultural land

Summary

The measure changes how Nebraska assesses agricultural and horticultural land, lowering its taxable value to 75% of market value now and 50% after 2027, with special lower rates for school bond taxes. It also creates defined acceptable valuation ranges for those lands and other property classes, and updates how tangible personal property is valued. The bill was indefinitely postponed and did not become law.

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