Neb. Agricultural Land Value, Property Taxes Raise
The Nebraska Farm Bureau Federation says the value of agricultural land increased by nearly 30% compared to the previous year. The statewide valuation of agricultural land for tax purposes has more than doubled since 2009. Nebraska farmers and ranchers already pay the 3rd highest property taxes in the United States. Estimates suggest that due to the increase, the statewide property taxes paid by farm and ranch families on agricultural land will near $1 billion in 2015.