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LR 12CA

Constitutional amendment to impose a limit on ad valorem taxes for real property, provide a new method of valuing real property for tax purposes, provide certain exceptions, and eliminate conflicting constitutional provisions

109th Legislature (2025-2026) Introduced by Bob Andersen and 1 co-sponsor

Bill 5 SummaryMain Purpose and Intent:- LR 12CA proposes a constitutional amendment to limit ad valorem (property) taxes on real property to 1.5% of the full cash value, and to lim

Title printed. Carryover resolution
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WeVote Research Nonpartisan
Bill Summary · LR 12CA

Bill 5 Summary

Main Purpose and Intent:
- LR 12CA proposes a constitutional amendment to limit ad valorem (property) taxes on real property to 1.5% of the full cash value, and to limit annual increases in the full cash value to 2%.

Key Provisions and Changes:
- The amendment would impose a 1.5% cap on ad valorem taxes for real property.
- It would also limit annual increases in the full cash value of real property to 2%, with certain exceptions.
- The amendment would eliminate conflicting constitutional provisions.

Affected Parties:
- Nebraska property owners and taxpayers.
- State and local governments that rely on property tax revenue.

Procedural and Timeline Aspects:
- The resolution was introduced in the 109th Nebraska Legislature's First Session in 2025.
- If approved by the Legislature, it would be placed on the November 2026 general election ballot for voter approval.

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

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