Section 77-3501.01 - Exempt amount, defined(1) For purposes of section 77-3507, exempt amount shall mean the lesser of (a) the taxable value of the homestead or (b) one hundred percent of the average assessed value of single-family residential property in the claimant's county of residence as determined in section 77-3506.02 or forty thousand dollars, whichever is greater.(2) For purposes of section 77-3508, exempt amount shall mean the lesser of (a) the taxable value of the homestead or (b) one hundred twenty percent of the average assessed value of single-family residential property in the claimant's county of residence as determined in section 77-3506.02 or fifty thousand dollars, whichever is greater.(3) For purposes of section 77-3506, exempt amount shall mean the taxable value of the homestead.Neb. Rev. Stat. § 77-3501.01
Laws 1994, LB 902, § 27; Laws 2006, LB 968, § 13; Laws 2014, LB 1087,§ 2; Laws 2018, LB 1089,§ 4. Amended by Laws 2018, LB 1089,§ 4, eff. 4/18/2018.Amended by Laws 2014, LB 1087,§ 2, eff. 1/1/2015.