Tax Year 2025 Homestead Exemption
If you are looking for a way to ease your property tax burden, the Homestead Tax Exemption may be good news to you.
What is a Homestead Tax Exemption? This is an annual exemption that excludes all or a portion of the value of a person’s home and up to one acre of land that the home is built on from property taxes.
The Nebraska Homestead Exemption Application, Form 458, must be filed with your county assessor between February , 2025 and June 30, 2025.
In Nebraska, a homestead exemption is available to the following groups of persons:
- Persons age 65+
- Have an income below $52,901 for an individual or $62,801 in combined income for a couple
- Qualified disabled individuals
- Qualified disabled veterans and their widow(er)s.
- Own and live in your home. Home valuation is a factor in criteria for exemption (click here to see the guidance document on homestead exemption maximum values). Assessed value of your home must be less than 2 times the county average. For example, in 2024 Dawson County's average assessed value was $157,700; therefore homes value at or under $315,400 were eligible in 2024. Click to see residential average values by county.
Exemptions are calculated on a sliding scale based on income and home value. Call your county assessor's office or Department of Revenue at 888-475-5101 for values in your county and to visit about your specific situation.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
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