Our area has ample water resources. Local governments are financed primarily by property taxes, and a number of cities also collect a city sales tax. Real estate and personal property taxes are levied by county and municipal subdivisions, including school districts. All real property except agricultural land is assessed at actual value. Agricultural land is assessed at 80 percent of market value.
Personal property is assessed at net book value.
No inventory tax. No personal property tax on intangibles. No sales tax on agricultural machinery and equipment. Sales and use tax refunds are available on depreciated agricultural repairs and repair parts. Nebraska ranks behind Vermont, Maine, Iowa, North Dakota, West Virginia and New Hampshire.