Q: When are property taxes due in Lincoln County for FY 2025?
A: Real estate and personal property taxes are due by December 31st annually. However, the first half becomes delinquent on May 1st of the following year, and the second half becomes delinquent on September 1st of the following year.
Q: What tax credits are available and do I need to apply?
A: Nebraska offers a Homestead Exemption tax credit for persons over 65, qualified disabled individuals, and certain other qualifying persons. This credit requires an annual application (Form 458) filed with the Lincoln County Assessor between February 2nd and June 30th each year. The credit is NOT automatic and must be applied for annually.
Q: How does the Homestead credit work?
A: The Homestead Exemption provides property tax relief by limiting assessment increases rather than reducing market value. It caps the amount your home's taxable value can increase year-over-year, typically providing greater benefit as property values rise. This is a tax credit that reduces your tax bill, not an exemption that reduces assessed value, and requires annual application.
Q: When are properties assessed and how can I appeal?
A: Properties are assessed annually as of January 1st. Assessment notices are typically mailed in late spring. Property owners have 30 days from the postmark date of their assessment notice to file an appeal with the Lincoln County Board of Equalization. Contact the County Assessor at (308) 534-4350 for specific appeal procedures and deadlines.
Q: What are the penalties for late payment?
A: Interest and penalties accrue on delinquent property taxes. The first half becomes delinquent May 1st and the second half September 1st of the year following the tax year. Contact the Lincoln County Treasurer for current penalty rates and payment options for delinquent taxes.
Q: Can I pay my property taxes online?
A: Contact Lincoln County at (308) 534-4350 or visit the county's official website to verify current online payment options and accepted payment methods for property taxes.
Q: Why do property tax rates vary within Lincoln County?
A: Tax rates vary based on the special taxing districts that serve your property, including school districts, fire districts, natural resource districts, and municipal services. Properties in different areas of the county may be served by different combinations of these districts, resulting in different total tax rates.
Q: When are personal property returns due?
A: Personal property returns are due by May 1st annually. This includes business equipment, vehicles, and other taxable personal property that must be reported to the County Assessor for taxation purposes.
