Nebraska DOR Announces Property Tax Form 458, Homestead Exemption Application, Due by June 30

The Nebraska Department of Revenue June 8 announced that property owners must file Form 458, Nebraska Homestead Exemption Application, with their county assessor on or before June 30. The homestead exemption provides relief from property taxes by exempting all or a portion of the taxable value of a residence. Nebraska reimburses counties and other governmental subdivisions for property taxes lost due to homestead exemptions. The exemption is available to: 1) persons over age 65 before Jan. 1; 2) individuals with qualifying disabilities; 3) certain veterans with qualifying disability statuses and their surviving spouses; and 4) individuals with developmental disabilities. Some ...