Personal Property Tax Reimbursement Distributions

Personal Property Tax Reimbursement Distributions for Railroads and Public Service Entities, Tax Year 2019

The Personal Property Tax Relief Act (Act), Neb. Rev. Stat. §§ 77-1237 to 77-1239, provides a personal property exemption compensating factor for centrally assessed companies, that was applied to the centrally assessed company’s taxable net book personal property value. The total personal property value exempted is multiplied by the state’s average property tax rate to determine the amount of tax loss reimbursement for the counties.

For railroads, the personal property tax loss is distributed to the various political subdivisions based on the ratio of total railroad taxes levied in the county or subdivision compared to the state’s total railroad taxes levied, based on the Certificate of Taxes Levied Report. Note: only 77 of 93 counties have railroads.

For public service entities, the personal property tax loss is distributed to the various political subdivisions based on the ratio of the total public service entity taxes levied in the county or subdivisions compared to the state’s total public service entity taxes levied, based on the Certificate of Taxes Levied Report.

List of All Counties, Personal Property Tax Reimbursement for Public Service Entities