A Homestead Exemption provides relief from property taxes by exempting all, or a portion of, the valuation of the homestead from taxation. The State of Nebraska reimburses the counties and other governmental subdivisions for the taxes lost due to Homestead Exemptions.
A Homestead Exemption is available to three groups of people:
- Group A: People Over Age 65
- Group B: Certain Disabled Individuals
- Group C: Certain Disabled Veterans and Their Widow(er)s