The Nebraska Property Tax Amendment, also known as Amendment 1, was a legislatively-referred constitutional amendment on the May 12, 1992 primary election ballot in Nebraska, where it was approved.
| Amendment 1 (Property Tax)|
| Yes|| 204,147|| 51.9%|
Official results via: Nebraska Blue Book 2008-09 (p.260)
Text of measure
- A constitutional amendment to separate tangible personal property from the uniform and proportionate provision applicable to real property, to provide for the valuation of taxable tangible personal property at depreciated cost or at actual value uniformly and proportionately, to provide for the separate classification of property and franchises protected by federal law, to harmonize a provision relating to the limitation on county taxes, and to provide that legislation passed in the regular 1992 legislative session shall be effective January 1, 1992, and is ratified and confirmed by this amendment.