Omaha Living

The Nebraska homestead exemption: who qualifies and how to apply

A property tax break for homeowners 65 and older, certain disabled homeowners, and certain veterans. You have to apply, and the window is short.

Hope McClurkin
Hope McClurkin, REALTOR® Berkshire Hathaway HomeServices Ambassador Real Estate · Omaha native
Current as of Nov. 3, 2026 Rates, fees, laws, and program details in this article are current as of November 3, 2026 and can change. Confirm with a lender, attorney, the county, or the program before you make a decision. This is general information, not financial, legal, or tax advice.
The short answer

Nebraska's homestead exemption reduces or removes property taxes on your primary home if you're 65 or older, have certain disabilities, or are a qualifying veteran or surviving spouse. Most applicants must meet income limits. You file Form 458 with your county assessor between February 2 and June 30 each year.

Who may qualify

65 and older
Age-based

Owners 65 or older on January 1 of the year they apply, within the income limits.

Disability
Certain qualifying disabilities

Including certain medical conditions and veterans with service-connected disabilities.

Veterans
Certain veterans and surviving spouses

Some categories have no income limit. The form lists them.

How to apply

1
Get Form 458

From your county assessor or the Nebraska Department of Revenue.

2
Add the income statement

Most applicants also file Schedule I, the household income statement.

3
File between Feb. 2 and June 30

With the assessor in the county where the home is.

4
Watch for your notice

The county will tell you whether you qualify and for how much.

Why it matters if you're buying or downsizing

If you're 65 or older and moving to a smaller home, the exemption can change your monthly payment. Factor it in when you compare homes. If you're buying from a seller who has it, budget for the full tax bill, since the exemption doesn't stay with the house.

Questions I get asked

Do I have to reapply every year?

Generally, yes. Your county assessor usually mails a pre-printed form to prior-year applicants. Check that it arrives.

What if I miss June 30?

Nebraska allows late filing in limited circumstances. Call your county assessor right away.

Does the exemption transfer if I move?

No. It applies to the home you own and live in as of January 1. If you move, apply for the new home in the next filing window.

Can a buyer keep the seller's exemption?

No. The exemption belongs to the qualifying owner, not the house. Buyers should budget for the full tax bill.

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