“K-12 education represents the largest share of most local property tax bills, though the state already covers roughly half the cost”
This lack of precision is part of the problem, the majority of schools in Nebraska do not receive equalization aid. The majority of school spending by the state is in urban areas, where the TEEOSA formula pushes it.
PJ Morgan's information is inaccurate and misleading. Those restaurants had not received an adjustment in their valuation for at least three years (channel 6 did a report on this) prior to the new assessor finally equalizing the property with market value. In other words, for three years these businesses were not valued (and taxed) correctly, while other property owners in Douglas county were. They got a tax break. To act like this is some outrage about their valuation being equalized is just plain ignorance on his part.
“K-12 education represents the largest share of most local property tax bills, though the state already covers roughly half the cost”
This lack of precision is part of the problem, the majority of schools in Nebraska do not receive equalization aid. The majority of school spending by the state is in urban areas, where the TEEOSA formula pushes it.
PJ Morgan's information is inaccurate and misleading. Those restaurants had not received an adjustment in their valuation for at least three years (channel 6 did a report on this) prior to the new assessor finally equalizing the property with market value. In other words, for three years these businesses were not valued (and taxed) correctly, while other property owners in Douglas county were. They got a tax break. To act like this is some outrage about their valuation being equalized is just plain ignorance on his part.
Yes, Nebraska is losing population due to bad taxation. https://votewithyourfeet.net/