Tornados and the Destroyed Property Law

One of the most important bills that I ever introduced in my career as a Nebraska State Senator was my destroyed property bill, originally LB 482. The contents of that bill were later amended into LB 512 and passed as a Christmas Tree bill back in 2019. The bill enables landowners with destroyed or damaged properties to have their valuations readjusted for property tax purposes, provided that the damage exceeds 20 percent of the property’s value during the current assessment year and the paperwork gets filed by the deadline of July 15th of the current assessment year.

No one who has had their...