According to a New Release from the Nebraska Department of Revenue on September 9, 2016, the state is providing property owners tax relief for property taxes levied in 2016 totaling a statewide distribution of $204 million. The Property Tax Credit Act provides a property tax credit based on the valuation of each parcel of real property compared to the valuation of all real property in the state. The amount determined for 2016 is $89.57 per $100,000 of valuation. The real property tax credit will be shown on tax statements as a credit after the full taxes are levied.
For corporations and accounting firms, our ONESOURCE application offers location-based property tax software to manage the entire property tax process from data management to planning for jurisdictional requirements, and offers over 70 management reports to help manage expectations and demonstrate value.