Nebraska Homestead Exemption Application Form 458 In Travis

State:
Multi-State
County:
Travis
Control #:
US-0032LTR
Format:
Word; 
Rich Text
Instant download

Description

The Nebraska homestead exemption application form 458 in Travis is a crucial legal document that allows eligible homeowners in Nebraska to claim a homestead exemption on their property, thereby reducing their taxable value. This form is designed for individuals who wish to safeguard their primary residence from certain types of creditors and tax liabilities. Key features include specific eligibility criteria, such as residency requirements and income thresholds, which users must verify before completing the form. Filling out the form requires accurate personal information, property details, and supporting documentation to demonstrate eligibility. Legal professionals, including attorneys, paralegals, and legal assistants, can utilize this form to assist clients in securing financial protection for their homes. Understanding how to properly edit and submit the form is essential for compliance with state regulations. This form is particularly useful for partners and owners seeking to protect their residential investments from potential financial hardships. For those helping clients navigate the application process, providing clear guidance on required information will contribute to a smoother submission experience.

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FAQ

There are no income and homestead value limits for categories 4V, 4S, 5, and 7. The State of Nebraska reimburses counties and other governmental subdivisions for the loss in tax revenue because of approved homestead exemptions.

Who Must File. This Form 458 Schedule I must be filed by persons applying for a homestead exemption, who are not filing as a veteran drawing compensation from the Department of Veteran's Affairs (DVA) or as a paraplegic veteran or multiple amputee whose home was substantially contributed to by the DVA.

The Nebraska homestead exemption program is a property tax relief program for six categories of homeowners: 1. Persons over age 65 (see page 8); 2. Veterans totally disabled by a nonservice-connected accident or illness (see page 8); 3.

Contact your county assessor for assistance. For more information contact your local county assessor's office, or see revenue.nebraska/PAD, or call 888-475-5101. Instructions for Previous Filers Carefully review any preprinted information to ensure it is complete and correct.

All property in the State of Nebraska is subject to property tax, unless an exemption is mandated or permitted by the Nebraska Constitution or by legislation. Government-owned property used for a public purpose is exempt. If the government-owned property is not used for public purpose, it may be considered taxable.

Homestead Exemptions Persons over age 65 (must be 65 before January 1 of the application year); Veterans totally disabled by a nonservice-connected accident or illness; Qualified disabled individuals;

Exemption, Form 458B (available from the county assessor), is required. The Nebraska Schedule I – Income Statement must be filed each year.

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Nebraska Homestead Exemption Application Form 458 In Travis