Nebraska Property Tax Credit General Information
This guidance document is advisory in nature but is binding on the Nebraska Department of Revenue (DOR) until amended. A guidance document does not include internal procedural documents that only affect the internal operations of DOR and does not impose additional requirements or penalties on regulated parties or include confidential information or rules and regulations made in accordance with the Administrative Procedure Act. If you believe that this guidance document imposes additional requirements or penalties on regulated parties, you may request a review of the document.
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Overview
Nebraska provides refundable credits for community college property taxes paid after December 31, 2021. Refundable credits are also available for school district property taxes paid between January 1, 2022 and January 2, 2024. Each credit is equal to a distinct percentage multiplied by either the school district or community college tax paid.
The school district and community college property taxes paid on each parcel may be found in the Look-up Tool. The information related to payments made in prior years that qualify for the property tax credit will remain in the Look-up Tool.
An individual or entity may claim the credit by filing the appropriate Nebraska tax return together with a Nebraska Property Tax Credit, Form PTC (Form PTC) for the applicable tax year. Individuals and entities who do not otherwise have a Nebraska income tax filing requirement and who paid Nebraska community college property taxes or school district property taxes must file a Nebraska income tax return with the Form PTC to claim the credit.
If an individual did not claim the credit on their previously filed Nebraska income tax return, they may file an Amended Nebraska Property Tax Credit, Form PTCX, for the applicable year. If an entity did not claim the credit on their Nebraska income tax return, they may file an amended income tax return for the applicable year to claim the credit.
Credit for Property Taxes Paid in 2024 and after. The credit is available only for community college property taxes paid.
Credit for Property Taxes Paid in 2022 and 2023. The credit is available for both school district and community college property taxes paid.
Credit for Property Taxes paid in 2020 and 2021. The credit was only available for school district property taxes paid. The credit can no longer be claimed for these tax years because the filing deadline including any allowance of an extension is beyond the statute of limitations.
Taxpayer Nebraska Return
Individual Nebraska Individual Income Tax Return, Form 1040N
Tax-exempt corporation Nebraska Corporation Income Tax Return, Form 1120N
Tax-exempt trust Nebraska Fiduciary Income Tax Return, Form 1041N
Individuals may claim the credit by filing their Nebraska income tax return for free electronically using DOR’s NebFile system.
Contact Information
Questions regarding the Nebraska Property Tax Credit may be directed to:
Nebraska Taxpayer Assistance
Phone: 800-742-7474 (NE and IA) or 402-471-5729
