Nebraska LB211 modifies property tax request authority calculations under the Property Tax Growth Limitation Act.

Nebraska LB211 amends the Property Tax Growth Limitation Act by changing how political subdivisions calculate their property tax request authority. The bill specifies that the authority is based on the amount of property taxes levied in the prior fiscal year, adjusted for exceptions and inflation. It also introduces different calculation methods depending on whether public safety services account for less or more than 20% of the budget funded by property taxes. The bill repeals the original section and declares an emergency, making it effective upon passage.

Nebraska LB211 modifies property tax request authority calculations under the Property Tax Growth Limitation Act.

Nebraska LB211 amends the Property Tax Growth Limitation Act by changing how political subdivisions calculate their property tax request authority. The bill specifies that the authority is based on the amount of property taxes levied in the prior fiscal year, adjusted for exceptions and inflation. It also introduces different calculation methods depending on whether public safety services account for less or more than 20% of the budget funded by property taxes. The bill repeals the original section and declares an emergency, making it effective upon passage.