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.
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Table I – Homestead Exemption for Persons Over Age 65
Effective Tax Year 2014 |
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Income Limit Single
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Percentage of Relief
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Income Limit Married
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$ 0 – 26,900
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100%
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$ 0 – 31,600
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26,901 – 28,300
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90
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31,601 – 33,300
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28,301 – 29,700
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80
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33,301 – 35,000
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29,701 – 31,100
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70
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35,001 – 36,700
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31,101 – 32,500
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60
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36,701 – 38,400
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32,501 – 33,900
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50
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38,401 – 40,100
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33,901 – 35,300
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40
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40,101 – 41,800
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35,301 – 36,700
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30
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41,801 – 43,500
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36,701 – 38,100
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20
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43,501 – 45,200
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38,101 – 39,500
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10
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45,201 – 46,900
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39,501 and over
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0
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46,901 and over
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Table II – Homestead Exemption for Qualifying Disabled Individuals,
and Qualifying Disabled Veterans and Their Widow(ers) Effective Tax Year 2014 |
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Income Limit Single
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Percentage of Relief
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Income Limit Married
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$ 0 – 30,300
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100%
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$ 0 – 34,700
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30,301 – 31,700
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90
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34,701 – 36,400
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31,701 – 33,100
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80
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36,401 – 38,100
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33,101 – 34,500
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70
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38,101 – 39,800
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34,501 – 35,900
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60
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39,801 – 41,500
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35,901 – 37,300
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50
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41,501 – 43,200
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37,301 – 38,700
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40
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43,201 – 44,900
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38,701 – 40,100
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30
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44,901 – 46,600
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40,101 – 41,500
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20
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46,601 – 48,300
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41,501 – 42,900
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10
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48.301 – 50,000
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42,901 and over
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0
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50,001 and over
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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
