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Nebraska Farm Bureau: Gov Ricketts’ Ag Property Tax Reforms Fall Short

Nebraska Farm Bureau: Gov Ricketts’ Ag Property Tax Reforms Fall Short

Photo: WNAX


Nebraska Farm Bureau officials say Governor Peter Ricketts’ call for agricultural property tax reform falls short.

Farm Bureau President Steve Nelson says the proposal to shift the basis on which to assess agricultural property from a market-based system to an income-based system doesn’t address the real problem:  that the state relies too heavily on property tax revenue. . .

The Farm Bureau has proposed gradually shifting reliance on the property tax revenue to a reliance on sales and income tax revenue.

Farm Bureau says property taxes account for 48 percent of the total tax collections in the state, while sales tax accounts for only 19 percent.

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