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Lancaster County plans to lower property tax levy

Cash money
Posted at 11:19 AM, Aug 01, 2021
and last updated 2021-08-01 12:19:09-04

LINCOLN, Neb. (AP) — An unusual influx of cash will allow Lancaster County to lower its property tax levy, officials said.

The county has more money than usual thanks to federal pandemic aid, a large carry-over of money from this year’s budget, and a total revaluation of property in the county.

The Lincoln Journal Star reports that most of that money won’t be used in the county’s $128.5 million general fund budget, which is supported by property taxes, but officials still plan to lower the tax levy by 1 cent per $100 of valuation.

The general fund budget will increase by about $5.1 million.

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