LINCOLN, Neb. (AP) — Nebraska homeowners with major flood damage to their property may be able to get a tax break using forms released by the state Department of Revenue.
The department announced Wednesday that the form is now available for residents who qualify.
Lawmakers passed a measure this year that allows damaged properties to get reassessed for property tax purposes. The reassessed value of a destroyed property will become the value of the property for the whole tax year.
It’s intended for owners of real property who experienced significant damage as a result of a calamity that happened between Jan. 1 and July 1 of the current assessment year. The property owner may file the form with the county assessor and county clerk on or before July 15.
