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Nebraska Lawmakers Look to New Approach for Property Taxes

Sen. Galen Hadley
Sen. Galen Hadley

LINCOLN, Neb. (AP) — As they prepare for a debate on taxes, Nebraska lawmakers are trying to find new ways to reduce what property-owners pay without robbing local school districts of revenue.

Property taxes will again surface as an issue in the legislative session that begins next month with 18 new senators and Gov.-elect Pete Ricketts.

During a hearing Tuesday at the Capitol, the Revenue Committee will look at how other states have lowered property taxes.

Sen. Galen Hadley of Kearney, the committee chairman, says lawmakers want to hear different options, but each one has trade-offs.

The discussion could include reducing the taxable value of farm- and ranchland, putting caps on property taxes, or taxing land by the profit it generates rather than its market value.

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