Financials
You can:
Vote “For” both propositions
Vote “Against” both propositions
Vote “For #1”, “Against #2”
Proposition #1 CAN pass without proposition #2, but Proposition #2 CANNOT pass without proposition #1
Proposition #1
On $100,000 Residence
- $205/annually
- $17.08/month
Proposition #2
On $100,000 Residence
- $45/annually
- $3.75/month
On $1,000,000 Ag. Land (assessed value)
- $1,424/annually
- $118.66/month
On $1,000,000 Ag. Land (assessed value)
- $313/annually
- $26.08/month
Lookup Your Property Assessed Value
To estimate the potential tax impact, please enter your property’s assessed value — not the market value.
Your assessed value is the value assigned to your property by the county for tax purposes. Using the assessed value will provide the most accurate estimate.
If you’re unsure of your assessed value, you can find it on your property tax statement or through your county assessor’s website.
Residential Calculator
Once you find your property’s assessed value, enter the amount shown in the highlighted cell into the calculator to receive a more accurate estimate of the potential tax impact.
Ag Calculator
Once you find your property’s assessed value, enter the amount shown in the highlighted cell into the calculator to receive a more accurate estimate of the potential tax impact.
LB2 went into effect on January 1, 2022 for the purpose of reducing the impact of voted school bond elections on ag land. The statute reduces the ‘assessed’ valuation on ag land from around 72% of market value to 50% of market value for the purposes of taxation on the bond issue.
Example:
$1,000,000 – Market Value
$720,000 – Assessed value (72%) used for all taxation besides voted school bonds
$500,000 – LB2 value (50%) used for voted school bonds only