Bill to cap property taxes advances in Nebraska Legislature
March 4, 2021
On Feb. 26, the Revenue Committee voted to advance LB 408, as amended by AM 371, on a 7-1 vote. The amended version of the bill would limit the annual increase in property tax askings to no more than 3%, with some exceptions.
The sponsor of the bill, Sen. Tom Briese of Albion, commented on its advancement. “Property tax relief requires a multi-pronged approach. One approach must be to place reasonable restrictions on property taxes. And that’s what this bill does.”
Briese continued, “This bill is made necessary by our unreasonable, unsustainable over-reliance on property taxes to f...