Nebraskans are still fuming about their new property valuation notices and I don’t blame them one bit. The deadline for filing an appeal is June 30, and this year we could see the highest number of property valuation protests ever filed in the history of our State. High property taxes are the number one reason why people leave our State.
Nebraska’s property tax system is a failed experiment in taxation. In 1966 the citizens of Nebraska voted to amend the Nebraska State Constitution, creating what is commonly referred to as the three-legged stool. The three legs of Nebraska’s taxation stool are state income taxes, state sales taxes, and property taxes.
After 56 years of taxing the citizens in this way, we can now safely conclude that the three-legged stool is a failed experiment in taxation which does not work.
