Nebraska LR317CA proposes a constitutional amendment to limit annual property tax growth by political subdivisions.

Nebraska LR317CA proposes a constitutional amendment to limit the annual growth in the amount of property taxes levied by political subdivisions. The amendment would allow the total amount of property taxes levied by a political subdivision in any year to exceed the prior year's amount by no more than the allowable growth percentage. This percentage is calculated as two percent plus the political subdivision's real growth percentage. The real growth percentage is determined by dividing the real growth value by the total property valuation from the prior year.

Nebraska LR317CA proposes a constitutional amendment to limit annual property tax growth by political subdivisions.

Nebraska LR317CA proposes a constitutional amendment to limit the annual growth in the amount of property taxes levied by political subdivisions. The amendment would allow the total amount of property taxes levied by a political subdivision in any year to exceed the prior year's amount by no more than the allowable growth percentage. This percentage is calculated as two percent plus the political subdivision's real growth percentage. The real growth percentage is determined by dividing the real growth value by the total property valuation from the prior year.