State Tax Laws > Property Taxes > Summary > Nebraska

For the complete text of Nebraska statutes and other property tax information please refer to the Nebraska Department of Property Assessment and Taxation.

Property Classification:

In Nebraska, taxable property is divided into two classes: (1) real property and (2) tangible personal property (Sec. 77-201, R.S.).

Nebraska creates its only specific classification within the real property category for agricultural and horticultural property. Such property is tax-favored in two ways:

(1) it is valued by reference to the market prices of other agricultural property rather than in comparison to land priced at a premium for residential or commercial pursuits and

(2) it is then assessed at 80% of market value

Definition of agricultural land and horticultural land:

Agricultural land and horticultural land means land which is primarily used for the production of "agricultural or horticultural products," including wasteland lying in or adjacent to and in common ownership or management with land used for the production of agricultural or horticultural products.

Land retained or protected for future agricultural or horticultural uses under a conservation easement as provided in the Conservation and Preservation Easement Act shall be defined as agricultural land or horticultural land.

Land enrolled in a federal or state program in which payments are received for removing such land from agricultural or horticultural production shall be defined as agricultural land or horticultural land.

Land that is zoned predominantly for purposes other than agricultural or horticultural use shall not be assessed as agricultural land or horticultural land.

Definition of agricultural or horticultural products:

Agricultural or horticultural products shall mean grain and feed crops; forages and sod crops; animal production, including breeding, feeding, or grazing of cattle, horses, swine, sheep, goats, bees, or poultry; and fruits, vegetables, flowers, seeds, grasses, trees, timber, and other horticultural crops.

Agricultural and Horticultural Land Manual

The Department of Property Assessment and Taxation is responsible for developing and updating the Nebraska Agricultural and Horticultural Land Valuation Manual according to the laws of the state of Nebraska. The method of classifying agricultural or horticultural land contained in the manual shall be the sole method for the classification of such land.

Severance or Yield Tax:

The state of Nebraska does not have a severance or yield tax on timber or timber products.