Nebraska farmland would be assessed differently for property tax purposes under a proposal by Governor Pete Ricketts.
Ricketts proposes shifting from a market-based assessment to an income-based or productivity assessment. . .

Ricketts says several farm states have gone to the income-based formula, which assesses agricultural land based on what income can be derived through production agriculture.

Ricketts says the productivity assessment would factor out those who buy land with no intent to farm it. . .

Ricketts says the idea came from a public hearing he held last year.