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2012 Nebraska Revised Statutes
Chapter 77 - REVENUE AND TAXATION
77-3506.03 - Exempt amount; reduction; when; homestead exemption; limitation.


NE Code § 77-3506.03 (2012) What's This?
77-3506.03. Exempt amount; reduction; when; homestead exemption; limitation.

For homesteads valued at or above the maximum value, the exempt amount shall be reduced by ten percent for each two thousand five hundred dollars of value by which the homestead exceeds the maximum value and any homestead which exceeds the maximum value by twenty thousand dollars or more is not eligible for any exemption under sections 77-3507 to 77-3509.

Source
    Laws 1995, LB 483, ยง 1.

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