With the passing of LB2 in 2021, agricultural and horticultural special ag land values will be reduced from a 75% level to a 50% level for new school bonds only. This only impacts the agricultural and horticultural land component of the property value and only for 2022 or newer school bonds.
For Tax year 2023 this is only applicable to Ag land in Tax Districts 84, 85, 89, 129 with the 2022 Palmyra School Bond.
For more information, please see Nebraska State Statute 77-201
Example Tax Break Down:
