§ 77-3507 — Homesteads; assessment; exemptions; qualified claimants; based on income

Nebraska § 77-3507

• Jurisdiction: Nebraska
• Ch. 77: Revenue and Taxation

Text

(1) All homesteads in this state shall be assessed for taxation the same as other property, except that there shall be exempt from taxation on homesteads of qualified claimants a percentage of the exempt amount as limited by section 77-3506.03 . The percentage of the exempt amount shall be determined based on the household income of a claimant pursuant to subsections (2) through (4) of this section.
(2) For 2014, for a qualified married or closely related claimant, the percentage of the exempt amount for which the claimant shall be eligible shall be the percentage in Column B which corresponds with the claimant's household income in Column A in the table found in this subsection.
Column A
Column B


Household Income
Percentage


In Dollars
Of Relief


0 through 31,600
100


31,601 through 33,300
90


33,301 through 35,000
80


35,001 through 36,700
70


36,701 through 38,400
60


38,401 through 40,100
50


40,101 through 41,800
40


41,801 through 43,500
30


43,501 through 45,200
20


45,201 through 46,900
10


46,901 and over
0
(3) For 2014, for a qualified single claimant, the percentage of the exempt amount for which the claimant shall be eligible shall be the percentage in Column B which corresponds with the claimant's household income in Column A in the table found in this subsection.
Column A
Column B


Household Income
Percentage


In Dollars
Of Relief


0 through 26,900
100


26,901 through 28,300
90


28,301 through 29,700
80


29,701 through 31,100
70


31,101 through 32,500
60


32,501 through 33,900
50


33,901 through 35,300
40


35,301 through 36,700
30


36,701 through 38,100
20


38,101 through 39,500
10


39,501 and over
0
(4) For exemption applications filed in calendar years 2015 through 2017, the income eligibility amounts in subsections (2) and (3) of this section shall be adjusted by the percentage determined pursuant to the provisions of section 1(f) of the Internal Revenue Code of 1986, as it existed prior to December 22, 2017. For exemption applications filed in calendar year 2018 and each calendar year thereafter, the income eligibility amounts in subsections (2) and (3) of this section shall be adjusted by the percentage change in the Consumer Price Index for All Urban Consumers published by the federal Bureau of Labor Statistics from the twelve months ending on August 31, 2016, to the twelve months ending on August 31 of the year preceding the applicable calendar year. The income eligibility amounts shall be adjusted for cumulative inflation since 2014. If any amount is not a multiple of one hundred dollars, the amount shall be rounded to the next lower multiple of one hundred dollars.

Legislative History

Source: Laws 1979, LB 65, § 7; Laws 1980, LB 647, § 4; Laws 1981, LB 179, § 19; Laws 1984, LB 956, § 1; Laws 1988, LB 1105, § 2; Laws 1994, LB 902, § 33; Laws 1995, LB 483, § 4; Laws 1997, LB 182, § 4; Laws 1999, LB 179, § 1; Laws 2014, LB986, § 1; Laws 2018, LB1089, § 9.