350 NAC 45-001. PURPOSE OF THE HOMESTEAD EXEMPTION

REG-45-001 PURPOSE OF THE HOMESTEAD EXEMPTION 001.01 The homestead exemption provides qualified homeowners with a measure of property tax relief. Revenue lost from this exemption is reimbursed to local taxing subdivisions by the state with funds appropriated by the Legislature from the General Fund. Neb. Rev. Stat. §§ 77-702, 77-3507, 77-3508, 77-3509, 77-3523, and 77-3527. July 3, 2013.