Do you like the new valuation notice you received on your home or property? Most Nebraskans I know from Omaha to Scottsbluff are outraged over their new valuation notice, and my phone has been ringing off the hook ever since these notices went out over a week ago. The only ones who stand to benefit from these notices are those who plan to sell and move to another state with a better tax system than ours.
No matter where you look across Nebraska, property values went way up this year. They even went up at the University of Nebraska. For example, the Farmhouse Fraternity at UNL saw the valuation on their fraternity house increase from $250,000 in 2022 to $7.24 million this year and the Alpha Xi Delta Sorority saw the valuation of their sorority house increase from $246,400 to $1.56 million! All of this raises the question: “Who in the State of Nebraska will be able to pay their property taxes next year?”
What these new valuation notices prove is that our tax system is broken and it cannot be fixed. Fixing our broken tax system is like trying to put a bandage on an amputation. Nebraska needs a tourniquet, not a Band Aid! So far, all that the Legislature has managed to do within the last 30 years is to very gently slow the bleeding. The Legislature has not been able to stop the bleeding and this year the assessors hit a major artery.
