NE LB814

Reduces the taxable valuation of agricultural and horticultural land from 75% to 50% of actual value, effective January 1, 2027

Applies the same 50% valuation reduction to agricultural and horticultural land receiving special valuation under section 77-1344, effective January 1, 2027

Adjusts the acceptable assessment range for agricultural and horticultural land from 69-75% to 44-50% of actual value, effective January 1, 2027

Maintains the existing 50% valuation rate that already applies to school district taxes for voter-approved bonds issued on or after January 1, 2022

Amends sections 77-201 and 77-5023 of the Nebraska Revised Statutes to implement these changes