Tax & Accounting Blog

Nebraska Real Property Tax Credit Increase for 2015

Blog, ONESOURCE, ONESOURCE Property Tax September 15, 2015

The State of Nebraska has increased the real property tax credit for tax year 2015. The real property tax credit determined for 2015 is $94.09 per $100,000 of valuation, up from $71.54 per $100,000 of valuation in 2014. This credit will offset a portion of real property taxes levied in 2015 and will be reflected as a reduction in tax due on the 2015 tax statements. To read the full news release issued by the NE DOR visit: http://www.revenue.nebraska.gov/PAD/news_rel/2015_Real_Property_Tax_Credit_with_attachment.pdf .