Land Use & Zoning

In Nebraska, a property used for both agricultural and residential purposes is often classified for tax purposes as:

ACommercial property
BAgricultural property with a homestead exemption✓ Correct
CIndustrial property
DSpecial use property

Explanation

Farmsteads in Nebraska are often classified as agricultural property with a homestead exemption for the residential portion. This affects property tax rates — ag land is often taxed more favorably than residential.

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