Who Must File. This Form 458 Schedule I must be filed by persons applying for a homestead exemption, who are not filing as a veteran drawing compensation from the Department of Veteran's Affairs (DVA) or as a paraplegic veteran or multiple amputee whose home was substantially contributed to by the DVA.

Exemption, Form 458B (available from the county assessor), is required. The Nebraska Schedule I – Income Statement must be filed each year.

Homestead exemption applications must be filed annually between February 2 and June 30. Application forms are typically available beginning February 2. The Assessor/Register of Deeds office will mail pre-printed forms and a copy of the State's income and value limits to previous filers in February.

The Nebraska homestead exemption program is a property tax relief program for six categories of homeowners: 1. Persons over age 65 (see page 8); 2. Veterans totally disabled by a nonservice-connected accident or illness (see page 8); 3.

They provide protection of a certain amount of a homeowner's assets in case of bankruptcy and can reduce his or her property tax bill. Most states have a homestead exemption. They require the homesteaded property be the homeowner's primary place of residence. Homeowners can only be homesteaded in one state.

In Nebraska, a homestead exemption is available to the following groups of persons: Persons age 65+ Have an income below $51,301 for an individual or $60,901 in combined income for a couple. Qualified disabled individuals. Qualified disabled veterans and their widow(er)s. Own and live in your home.

Neb. Maximum value shall mean: For applicants eligible under section 77-3507, two hundred percent of the average assessed value of single-family residential property in the claimant's county of residence as determined in section 77-3506.02 or ninety-five thousand dollars, whichever is greater; and.

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Forms for Individuals. For the first year of filing, a Certification of Disability for Homestead Exemption, Form 458B (available from the county assessor).How do I get help filling out the Form 458 Schedule 1 income statement? Our office will help applicants fill out the forms. Form 458, Nebraska Homestead Exemption Application -- This form is currently unavailable. The 2024 form will be available February 2, 2024. Each year applicants must complete and file Form PTAX-340 with the Chief County Assessment Officer. Application Submission. To apply for the Nebraska homestead exemption, the applicant needs to fill out and submit Form 458.

Nebraska Homestead Exemption Application Form 458 In Illinois

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