Tax & Accounting Blog

Nebraska Real Property Valuations and Damage Due to Natural Disasters

Blog, ONESOURCE, ONESOURCE Property Tax July 28, 2014

In a recent statement issued by the Nebraska DOR, the department reminds taxpayers of the states real property valuation policy. All real property in Nebraska that is subject to taxation, including mobile homes, is assessed as of January 1 at 12:01 a.m. and this assessment is used as a basis of taxation until the next assessment (Neb. Rev. Stat. § 77-1301).

While many areas of Nebraska are experiencing extreme weather conditions and natural disasters that may damage or destroy real property, Nebraska law does not provide for anything other than the assessed value to be used as the basis of taxation for the current tax period. Necessary valuation changes will be made, by the county assessors, for the January 1, 2015 assessment date.

The due dates for 2014 property taxes remain the same: May 1 and September 1, 2015 for counties with a population less than 100,000; April 1 and August 1, 2015 for counties with a population greater than 100,000.

To read the full statement issued by the Nebraska DOR visit: