To qualify for a Homestead Exemption for persons over 65, an individual must: Be 65 or older before January 1 of the application year; Own and occupy a homestead continuously from January 1 through August 15; and.

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.

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.

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.

There are no income and homestead value limits for categories 4V, 4S, 5, and 7. The State of Nebraska reimburses counties and other governmental subdivisions for the loss in tax revenue because of approved homestead exemptions.

Homeowners over age 65, disabled, or legally blind can qualify for an exemption on the “first $50,000 in Fair Market Value” of their primary residence. A variety of tax exemptions are available for the elderly, disabled and veterans.

Stat. 77-3502. To qualify for a homestead exemption under this category, an individual must: ❖ Be 65 or older before January 1 of the application year; ❖ Own and occupy a homestead continuously from January 1 through August 15; and ❖ Have qualify income-See income table page 5.

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.

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.

More info

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.How do I get help filling out the Form 458 Schedule 1 income statement? Our office will help applicants fill out the forms. Applicants must also submit a resume and cover letter. Please call 402-444-7060, option 4 to schedule an appointment. Blank Homestead Forms. Homestead Exemption Application Form (Form 458) Form 458 Schedule I (Income Statement). This form, designated as Form No. 96-296-2009 Rev. The 2024 form will be available February 2, 2024. ◦.

Nebraska Homestead Exemption Form 458 Schedule 1 In Wake

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

Is there a property tax break for seniors in Nebraska?

How do I file for homestead exemption in Nebraska?

What is Nebraska tax form 458 schedule 1?

How to avoid property tax in Nebraska?

What are the income limits for homestead exemption in Nebraska?

At what age can you claim homestead exemption?

Does Nebraska have a homestead exemption for seniors?

What are the rules for homesteading in Nebraska?

How to file for homestead exemption in Nebraska?

At what age do you stop paying property taxes in Nebraska?

More info

Trusted and secure by over 3 million people of the world’s leading companies