Nebraska Homestead Exemption Changes for Tax Year 2014

Nebraska Homestead Exemption Changes for Tax Year 2014

WASHINGTON, D.C. – April 8, 2014 – (RealEstateRama) — The Nebraska Department of Revenue announces that the income eligibility amounts for applicants of the homestead exemption program for tax year 2014 have changed. (See Neb. Rev. Stat. §§ 77-3507, 77-3508, and 77-3509, as amended by LB 986). Please review the new income tables and apply for the homestead exemption if you are now eligible. Claimants who have already filed 2014 homestead exemption applications and income statements do not need to refile or take any additional action. The new income amounts will be used by the Department of Revenue to determine the percentage of exemption for 2014.

Table I – Homestead Exemption for Persons Over Age 65
Effective Tax Year 2014
Income Limit Single
Percentage of Relief
Income Limit Married
$         0 – 26,900
100%
$         0 – 31,600
26,901 – 28,300
90
31,601 – 33,300
28,301 – 29,700
80
33,301 – 35,000
29,701 – 31,100
70
35,001 – 36,700
31,101 – 32,500
60
36,701 – 38,400
32,501 – 33,900
50
38,401 – 40,100
33,901 – 35,300
40
40,101 – 41,800
35,301 – 36,700
30
41,801 – 43,500
36,701 – 38,100
20
43,501 – 45,200
38,101 – 39,500
10
45,201 – 46,900
39,501 and over
  0
46,901 and over

 

Table II – Homestead Exemption for Qualifying Disabled Individuals,
and Qualifying Disabled Veterans and Their Widow(ers)
Effective Tax Year 2014
Income Limit Single
Percentage of Relief
Income Limit Married
$         0 – 30,300
100%
$         0 – 34,700
30,301 – 31,700
90
34,701 – 36,400
31,701 – 33,100
80
36,401 – 38,100
33,101 – 34,500
70
38,101 – 39,800
34,501 – 35,900
60
39,801 – 41,500
35,901 – 37,300
50
41,501 – 43,200
37,301 – 38,700
40
43,201 – 44,900
38,701 – 40,100
30
44,901 – 46,600
40,101 – 41,500
20
46,601 – 48,300
41,501 – 42,900
10
48.301 – 50,000
42,901 and over
  0
50,001 and over

ll homestead exemption applications must be filed by June 30, 2014. Homestead exemption forms and information are available at revenue.nebraska.gov/PAD/homestead.html. The current forms are not being reprinted to reflect the new increased income levels.

For more information on the homestead exemption program, please contact your county assessor’s office, or call the Nebraska Department of Revenue at 888-475-5101 or 402-471-6185.

Contact:
Ruth A. Sorensen, Property Tax Administrator
402-471-5962, Mobile 402-430-8446

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