Nebraskans were again reminded recently by data released from the Tax Foundation in Washington, D.C. that property tax burdens on them continue to be among the highest percentage in the country when overall median home values and median income for home owners were put into the equation. In the Tax Foundation study, which focused mainly on property taxes on home owners in 2007, shows Nebraska second in highest property taxes as a percentage of home value, trailing only Texas.
In Nebraska, homeowner property taxes amount to 1.74% of the $122,200 median home value, which is nearly double the national average of 0.95% and is only 0.10% behind Texas. Last year, Nebraska was third behind Texas and Wisconsin. No comparisons were made by the Tax Foundation before that. While Nebraska is one of the top two states for property taxes as a percentage of home value, it isn’t as high in terms of property taxes as a percentage of income, coming in 10th for 2007.