Over 700,000 tax relief notices in mail
The Nebraska Department of Revenue is mailing over 700,000 tax relief notices to Nebraska property owners.
The postcards highlight the property tax relief included in the Governor’s budget and approved by the Legislature earlier this year.
During this year’s legislative session, the Gov. Pete Ricketts and the Unicameral worked together to deliver $408 million in property tax relief to Nebraska property owners through the Property Tax Credit Relief Fund over the next two years.
The Property Tax Credit Relief Fund, also known as the Real Property Tax Relief Fund, was established in 2007 to provide direct property tax relief from the state to property owners.
“As I travel the state, property tax relief is the number one priority on the minds of Nebraskans,” said Gov. Ricketts.
“This year, the Legislature and I worked together diligently to prioritize property tax relief. These tax relief notices are a sign of good progress. There is, however, more work to be done, and my administration will continue to prioritize property tax relief in the upcoming session,” he said.
In his State of the State address in January, Gov. Ricketts recommended dramatically increasing the amount of tax relief delivered through the Property Tax Credit Relief Fund.
The Governor’s recommendation was approved by the Appropriations Committee and the full Legislature, resulting in an over 45 percent increase in the tax relief provided through the Property Tax Credit Relief Fund.
Each year, hundreds of thousands of Nebraska property owners receive a tax credit from the Property Tax Credit Relief Fund.
The credit is listed on tax bills sent by county treasurers to property owners.
The language used to describe the credit varies from county-to-county, and it is not always clear where the credit originated from, what the purpose of the credit is or how it impacts the tax bill.
This week, the Nebraska Department of Revenue plans to mail approximately 769,000 postcard-size notices to property owners with information about the tax relief.
Property owners who have received a credit at or above the amount of $50 will receive the notice.