Do I need to submit supporting documentation for the Property Tax Credit?

Probably not. The form used to report the Property Tax Credit is based upon these three assumptions about the school property tax paid:

1. The school property tax was paid by the individual or entity that owned the parcel during the property tax year.
2. When a parcel is sold, each owner paid the school property tax based on a ratio of the number of ownership days in the property tax year to the total number of days in the property tax year.
3. When a parcel is owned by more than one individual or entity the school property tax was paid by each owner based on their parcel ownership percentage during the property tax year.

If any of these assumptions are incorrect, the taxpayer claiming the Nebraska Property Tax Credit must submit documentation supporting the amount of credit claimed.