News

Property Tax Cut Being Debated

Property Tax Cut Being Debated

Photo: WNAX

A state senator who’s running for governor is sponsoring a bill to change the way agricultural land is valued for tax purposes in Nebraska. Senator Beau McCoy of Omaha wants to cut the median valuation of ag land from 75-to-65 percent over three years.

 

Senator Kate Sullivan, of Cedar Rapids, is a member of the Revenue Committee and also chairs the Education Committee. Sullivan says property taxes are the number-two concern among rural landowners.

 
McCoy says his bill is the best way the state can have an impact on the level of property taxes, which are locally assessed and collected.

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