Nebraska

In Nebraska, a property tax default occurs when a taxpayer fails to pay their property taxes on time. According to the Nebraska Revised Statutes, Chapter 77, Section 77-1720, “If taxes on real property remain unpaid for three months after they become due, the county treasurer shall give notice of the sale of the property for the taxes due.” If the taxes remain unpaid for one year after the notice of sale, the county treasurer may sell the property at a public sale.

Check the local government’s official web site at web site for further details.

Nebraska
Nebraska

Tax Sale Type: Tax Certificate

Redemption Rate: Around 95%

Redemption Period: 3 years from sale

Interest Rate: 14%

Tax Sale Statute: Neb. Rev. Stat. §§ 77-1801 to -1917

Other Key Factors:

  • Certificate holder can foreclose
  • Multiple notices required
  • Surplus paid to property owner

Counties of Nebraska

Nebraska is home to 93 counties, each with its own unique characteristics when it comes to tax sale research. The most populous county in Nebraska is Douglas County, which is home to the city of Omaha and accounts for nearly 30% of the state’s population. Lancaster County, on the other hand, is the second most populous county in Nebraska and is home to the state capital, Lincoln, and the University of Nebraska-Lincoln. Another notable county is Sarpy County, which is one of the fastest-growing counties in Nebraska and is home to the city of Bellevue and Offutt Air Force Base. Nebraska’s largest county in terms of land area is Cherry County, which covers over 5,900 square miles of land. Other notable counties in Nebraska include Hall County, which is home to Grand Island and the Central Community College, and Buffalo County, which is home to the city of Kearney and the University of Nebraska at Kearney. When conducting tax sale research in Nebraska, it’s important to consider the unique characteristics of each county, as this can impact the types of properties available for sale and the potential for investment opportunities.

Nebraska