LINCOLN, NEB. – “President Trump’s signing of the disaster assistance bill is tremendous news and an important step forward in helping Nebraska farm and ranch families and our rural communities recover from the March flooding and blizzards in our state.”
“This disaster bill includes roughly $3 billion to cover crop damage, including additional funding for farmers prevented from planting due to the floods, as well as payments for on-farm stored grain that was damaged in these flooding events. The bill also provides $558 million in funding for the Emergency Conservation Program, the primary program farmers and ranchers can utilize for fence repair and debris removal, including clearing sand from farm fields.”
“We want to thank the entire Nebraska Congressional delegation for their support for the disaster assistance package and for President Trump signing this package into law.”
“We urge USDA to move forward as quickly as possible in developing the rules and implementing the key programs so they can be put to work in helping Nebraskans.”
This year the Nebraska Legislature passed LB 512 which provides property tax relief to owners of real property adversely affected by natural disasters on or after January 1 and before July 1. In order to qualify, the property owner must file Form 425 with the county assessor and the county clerk on or before July 15. Click Here to be directed to the Form 425 on the Nebraska Department of Revenue’s website.
From the Department of Revenue
The Department of Revenue, Property Assessment Division, has posted a new form to the website for Report of Destroyed Real Property, Form 425, pursuant to 2019 Neb. Law LB 512.
For real property that has suffered significant damage as a result of a calamity occurring on or after January 1 and before July 1 of the current assessment year, the property owner may file the Report of Destroyed Real Property with the county assessor and the county clerk on or before July 15. The county board of equalization will consider the report to determine any adjustments to the assessed value for the current year.
Calamity means a disastrous event, including but not limited to, a fire, an earthquake, a flood, a tornado, or other natural event which significantly affects the assessed value of the property.
If you have any questions, please contact the Nebraska Department of RevenuePolicy/Legal Section of the Property Assessment Division. at (402) 471-5984