Lincoln-area property owners may be able to get tax break for tornado damage insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
Property owners who have sustained damage with a replacement or repair value that exceeds 20% of their assessed value may be eligible to receive a reduction in their property valuation.
Homeowners have until June 30 to file a homestead exemption application for the 2024 property tax year. The exemption program provides property tax relief to homeowners who qualify.
Preliminary assessed valuations increased on about 45% of Lancaster County homes this year, an effort by the county assessor to adjust homes to the current market rate.