Date of this Version
Cornhusker Economics, November 3, 1999, agecon.unl.edu/cornhuskereconomics
In our recently-completed study “Agricultural Property Taxation: A Comparative Analysis,” we have found that Nebraska ranks at the very top of the major agricultural states in terms of property tax burden on agricultural property. For the year 1998, Nebraska’s taxes per $100 of full market value of agricultural land averaged $1.16. This was 63 percent higher than the 19 major agricultural state averages of $0.71 and 71 percent higher than the 1998 average for the regional states (Nebraska and its six bordering states). If Nebraska had decreased taxes levied per $100 of full market value to the average of the 19 major agricultural states, annual net farm income for Nebraska would have increased more than 6 percent in this decade.