LINCOLN- A new tax relief approach slated to be heard this special legislative session would eliminate property taxes for the first $100,000 of a home's value in the state. Omaha State Senator John Cavanaugh described his bill as targeting Nebraskan citizens rather than corporate, out-of-state property owners. “If we are serious about giving relief to homeowners, and not large wealthy landowners, this is a possible solution,” Cavanaugh stated.

Cavanaugh introduced Legislative Bill 22 on the second day of the session called by Governor Jim Pillen to address the property tax crisis in the state. Lawmakers will be considering various approaches to alleviating the issue, including Pillen's. Cavanaugh has expressed that he seeks to address the root of the problem: Nebraskans on fixed incomes being forced from their homes due to property taxes rampantly growing.

Cavanaugh is open to other avenues to relieve the property tax burden, such as pausing income tax cuts or repealing the Perkins County Canal project and directing those funds toward property tax relief. While this bill is directed towards occupied homes, separate legislation has been introduced to provide relief for renters. Cavanaugh promoted his legislation as a universal addition to the existing homestead exemption program in the state.

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