Nebraska Measure 412, Property Tax Levy Limits (1996)
The Nebraska Property Tax Levy Limits Amendment, also known as Initiative Measure 412 , was an initiated constitutional amendment on the November 5, 1996 election ballot in Nebraska, where it was defeated.
|Initiative Measure 412 (Property Tax Levy Limits)|
Official results via: Nebraska Blue Book 2008-09 (p.261)
Text of measure
- A vote "FOR" will amend provisions in the Constitution of Nebraska pertaining to taxes to: 1. create property tax levy limits for various governmental subdivisions which could be exceeded by a majority vote of the voters. 2. authorize the Legislature to prescribe the means to determine the fair market value of real property for property tax purposes; and 3. provide that the value of real property for property tax purposes may not exceed 80% of its fair market value for agricultural and horticultural land, or 100% of its fair market value for other real property. A vote "FOR" will also amend the Nebraska Constitution to require the Legislature to establish standards of efficiency for the delivery of local governmental services. All of these amendments are severable.
- A vote "AGAINST" will not cause the Constitution of the Nebraska to be amended in such a manner.
- Shall the Nebraska Constitution be amended, through severable provisions, to: create property tax levy limits for various governmental subdivisions which could be exceeded by a majority vote of the voters; authorize the Legislature to prescribe means to determine the fair market value of real property for property tax purposes; provide that the values of real property for such purposes may not exceed 80% of fair market value for agricultural and horticultural land or 100% of fair market value for other real property; and require the Legislature to establish standards of efficiency for delivery of local governmental services?
State of Nebraska
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