- Associated Press - Monday, May 22, 2017

LINCOLN, Neb. (AP) - A new state Revenue Department preliminary report says agricultural land property values have dropped in Nebraska for the first time since at least the early 1990s.

The Lincoln Journal Star reports (https://bit.ly/2qO6d5j ) that the drop from last year is small: 0.15 percent. Ag experts had expected the drop because of lower commodity prices and ag income.

Larry Dix is executive director of the Nebraska Association of County Officials and he says county assessors have been reporting that prices for agricultural land have been going down.

The Revenue Department’s 2017 preliminary report provides preliminary total property values from county assessors for ag land, commercial property and residential property. Final numbers will be available in fall, when local governments set tax rates.

___

Information from: Lincoln Journal Star, https://www.journalstar.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide