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Jacobson at the Legislature: Addressing tax burdens
['Sen. Mike Jacobson']
North Platte Bulletin
But the largest property tax help comes from the Tier I and Tier II property tax credits that you can find on your property tax statements.
This was the largest state income tax cut in state history.
Property tax reductions are also necessary, but it has been hard to craft a plan that can gain bipartisan support and truly solve the property tax problem.
Right now, we are experiencing increases in sales tax revenue, but reduced revenue from income taxes.
We are also “spending” more, not for state government, but for property tax relief by funding property tax credits, more state aid to schools, and property tax exemptions for those who can least afford it.