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LB 1183

Change provisions relating to valuation of property

109th Legislature (2025-2026) Introduced by Loren Lippincott

LB 1183 revises Nebraska's property valuation standards used to calculate tax assessments, affecting tax bills and local government revenue statewide.

Notice of hearing for February 05, 2026
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Bill Summary · LB 1183

Legislative bill overview

LB 1183 modifies how property is valued for tax assessment purposes in Nebraska. The bill adjusts valuation methodologies and standards that counties use when determining assessed property values for taxation. Specific provisions are not detailed in the available information, but the changes affect the foundational assessment process statewide.

Why is this important

Property valuation directly determines property tax bills for homeowners, businesses, and agricultural landowners—making this a high-impact issue for household budgets and business operations. How property is valued also affects school funding, local government revenue, and economic competitiveness across Nebraska counties. Changes to valuation standards can create winners and losers depending on property type and location.

Potential points of contention

  • Agricultural vs. residential vs. commercial impact: Different property types may be valued more or less favorably under revised standards, benefiting some taxpayers while burdening others
  • County implementation consistency: Uniform valuation changes may be difficult to apply consistently across Nebraska's 93 counties with varying assessment practices
  • Revenue implications for local governments: If overall valuations decrease, schools and municipalities lose tax revenue; if they increase, taxpayers face higher bills

Compiled from official sources — confirm details with the bill’s official record.

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