Rate Breakdown

Property taxes in Lancaster County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Lancaster County

Property taxes in Lancaster County are determined by a combination of the assessed value of your real estate and the local millage rates set by taxing authorities. The assessment process begins with the County Assessor determining the actual value of the property, which is then multiplied by a state-mandated assessment percentage to arrive at the taxable value.

The final tax amount is calculated using millage rates. A "mill" represents one dollar of tax for every $1,000 of assessed value. These rates are aggregated from various entities, including the city, county, school districts, and other special taxing districts. Because millage rates can fluctuate annually based on local budget requirements, your final tax bill may change even if your property value remains stable.

Available Exemptions

Nebraska offers several tax relief programs designed to lower the financial burden on eligible homeowners. To qualify for these benefits, owners must typically file an application with the County Assessor.

• Homestead Exemption: Available to residents who occupy their property as their primary residence, providing a significant reduction in taxable value.
• Senior Citizen Exemption: Additional tax relief is available for homeowners aged 65 or older.
• Disability Exemptions: Specific credits may be available for individuals with permanent disabilities.
• Veteran Exemptions: Various levels of relief are provided to disabled veterans or surviving spouses, depending on the degree of service-connected disability.

Payment Schedule & Deadlines

In Nebraska, property taxes are generally paid in arrears, meaning you pay for the previous year's taxes. The Lancaster County Treasurer’s office typically manages the collection process.

• Payment Deadlines: Taxes are usually due in two installments. The first installment is typically due by May, and the second by September.
• Installment Options: Homeowners can choose to pay the full amount in a single lump sum or split the payment into two installments to manage cash flow.
• Late Consequences: Payments made after the deadline are subject to interest penalties. Delinquent accounts may eventually lead to tax liens or public auctions if left unpaid.

Appealing Your Assessment

If you believe your property has been overvalued, you have the right to appeal the assessment. This process must be initiated within a specific window of time after the notice of value is mailed.

To begin an appeal, you must file a formal request with the County Board of Equalization. It is recommended to gather evidence, such as recent comparable sales of similar properties in your neighborhood or a professional appraisal, to support your claim. The board will review the evidence and determine if an adjustment to the assessed value is warranted.