District 38 Senator Kuehn’s Part Three of Property Taxes

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While the valuation of property subject to taxation by a political subdivision is dictated by market conditions and subject to the Uniformity Clause of the Nebraska Constitution, the amount of tax collected per$100 of valuation, called the tax levy, is set by each political subdivision annually. An examination of your property tax statement lists which political subdivisions you are paying taxes to and the levy rate. Expressed as a decimal figure, the rate is calculated as a percentage of total valuation collected in taxes.   n

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