The Nebraska homestead exemption is a program that lowers the overall property tax for homeowners who meet various criteria. To be eligible, seniors must be age 65 or older with an annual household income below $51,301 for single people or $60,901 for married people.

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.

Contact your county assessor for assistance. For more information contact your local county assessor's office, or see revenue.nebraska/PAD, or call 888-475-5101. Instructions for Previous Filers Carefully review any preprinted information to ensure it is complete and correct.

All property in the State of Nebraska is subject to property tax, unless an exemption is mandated or permitted by the Nebraska Constitution or by legislation. Government-owned property used for a public purpose is exempt. If the government-owned property is not used for public purpose, it may be considered taxable.

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.

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.

Property Tax-Aide features the Homestead Exemption for Senior Citizens (Circuit Breaker) in Nebraska. Exemptions are also available using the same application form for veterans, disabled individuals and veterans, including paraplegic or multiple amputee veterans, and those with developmental disabilities.

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File the Form 458 and all Schedules with the county assessor where the homestead residence is located after. Homestead exemption applications must be filed annually between February 2 and June 30.Application forms are typically available beginning February 2. You must file the application (Form 458) with the county assessor's office where the original home resides between February 2 to June 30. Any person who wishes to apply for a homestead exemption must complete the Nebraska Schedule I —. Income Statement and attach it to the Nebraska Homestead. Accept and process homestead exemption applications. Accept and process personal property schedules. Property owners who received a homestead exemption last year will receive a form in the mail from the Assessor this year. 7 Individuals who have a developmental disability (Form 458B is required).

Nebraska Homestead Exemption Form 458 Schedule 1 In King

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