Type of Nebraska Tax Return this Form is being Filed with
1040N 1041N 1065N 1120N 1120NF 1120-SN
Name on Tax Return Social Security Number or Nebraska ID Number
Nebraska Property Tax Credit
Use this Form with the Forms noted below to claim the property tax credits.
Enter the Part B information for each parcel from the Look-up Tool.
FORM PTC
2023
8-822-2023
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Part A — Computation of the Credits
1 Credit for school district property taxes.
Multiply line 3a (Total Nebraska school district property taxes you paid) by 30% (.30)
Enter the result here and on line 36, Form 1040N; line 24, Form 1041N; line 24, Form 1120N; line 21,
Form 1120-SN; line 21, Form 1065N; or line 18, Form 1120NF ............................................................................. 1
2 Credit for community college property taxes.
Multiply line 3b (Total Nebraska community college property taxes you paid) by 55% (.55)
Enter the result here and on line 37, Form 1040N; line 25, Form 1041N; line 25, Form 1120N;
line 22, Form 1120-SN; line 22, Form 1065N; or line 19, Form 1120NF ................................................................ 2
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Part B — School District and Community College Property Taxes Paid in 2023
3 School district and community college property taxes paid in 2023.
Property
Tax Year
(For most this will
be 2022.)
Nebraska County Number
(Do not enter numbers
from license plates.)
Parcel ID Number
(Must include the dashes for
Lancaster County.)
Nebraska School
District Property
Taxes You Paid
Nebraska Community
College Property
Taxes You Paid
Total eligible school district and community college property taxes you paid in 2023. ................... 3a 3b
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Instructions
If you paid Nebraska property taxes yourself directly or through your monthly payments into escrow, use this form
to claim the property tax credit. Look up your parcel in the Nebraska Property Tax Look-up Tool (Look-up Tool)
to complete line3, multiply line 3a and 3b by .30 and .55 respectively and enter the result on lines 1 and 2 respectively.
Purpose. The Nebraska Property Tax Credit, Form PTC, is used to identify parcels and compute a tax credit for
Nebraska school district and community college property taxes (qualied property taxes) paid.
Nebraska Property Tax Look-up Tool. You can determine the amount of qualied property taxes paid on a parcel
in the 2023 calendar year, by using the Nebraska Department of Revenue’s (DOR’s) Nebraska Property Tax Look-
up Tool. DOR strongly recommends using this Look-up tool.
Qualied Property Taxes Paid. The qualied property taxes are paid on the date received by the county treasurer.
The date qualied property taxes were received is affected by the followingrules.
1. Mortgage Escrow Accounts. When your payment to a mortgage company includes an escrow for property
taxes, the date the county treasurer receives payment from the escrow account is the date the qualied
property taxes were paid;
2. Parcel Sales – Property Taxes Funded. When you fund property taxes at closing, the related qualied property
taxes were paid when received by the county treasurer. You may claim the allowable credit only for the
calendar year that the county received the money from the escrow agent;
3. Parcel Sales – Property Taxes Reimbursed. When the buyer reimburses the seller for property taxes that
were already paid, the buyer cannot take the credit on any portion of the reimbursement because the county
treasurer already received the taxes paid by the seller.
4. County Treasurer Escrow Accounts. When you make partial property tax payments that are held in escrow by
the county treasurer, qualied property taxes are paid when applied to the parcel in the records of the county
treasurer.
5. Tax Sale Certicate. The qualied property taxes are received by the county treasurer when collected from
the person that purchased the tax sale certicate. Persons who redeem the tax certicate are repaying a loan
to obtain a lien release. The redeemer cannot take the credit for the redemption.
The DOR obtains property tax data from each county treasurer. That data includes the amount of property taxes
received during a calendar year. The DOR will use the county treasurer receipt data, unless you can show the county
treasurer’s data is incorrect.
Limitation on Qualied Property Taxes. Qualied property taxes paid do not include property taxes levied for
bonded indebtedness, taxes levied as a result of an override of the limits on property tax levies approved byvoters,
or credits applied to the property taxes levied. The Look-up Tool automatically takes these items into account in
computing the qualied property taxes paid.
Qualied property taxes paid also do not include property taxes that were paid after September 2, 2023 and were 5
years or more delinquent at the time of payment.
Enter All Qualied Property Tax Amounts as Whole Dollars. Round any amount from 50 cents to 99 cents to
the next higher dollar. Round any amount less than 50 cents to the next lower dollar.
Records. All taxpayers must retain records for at least three years after ling the tax return claiming the credit
for qualied property taxes paid. Taxpayers using the DOR’s Look-up Tool should print or save the information
provided by the Look-up Tool.
Who Must File. Form PTC must be led by the individual, corporation, partnership, LLC, duciary, or nancial
institution that paid the tax and is claiming the credit.
When and Where to File. Form PTC must be led with the Nebraska income tax or nancial institution tax return
on which the credit is claimed.
How to Complete the Form PTC
Taxpayers claiming the credit should complete Part B before completing Part A. This form can be completed quickly
and easily using the Look-up Tool.
Part A – Computation of the Credit
Part A is used to compute the credit for qualied property taxes paid and reported in Part B.
Part B – School District and Community College Property Taxes Paid in 2023
Part B is used by individuals, C corporations, S corporations, partnerships, LLCs, nancial institutions, and duciaries
that paid qualied property taxes in 2023.
Fiscal Year and Short Year Filers. The credit may be claimed in the rst income tax year that begins in the
calendar year the qualied property taxes were paid.
Fiscal Year Filers. Taxpayer’s with a scal year beginning in 2023 and ending in 2024 may complete Part B for
qualied property taxes paid during the entire 2023 calendar year. The credit claimed in this scal year cannot
include any qualied property taxes paid in 2024.
Short Year Filers. Taxpayers with a short period beginning in 2023 and ending in 2024. If this is the rst short
year beginning in 2023, complete Part B for qualied property taxes paid during the entire 2023 calendaryear.
Taxpayers with a short period beginning and ending in 2023. If this is the rst short year beginning in 2023,
complete Part B for the qualied property taxes paid during the entire 2023 calendar year. You may have to le
an extension to be sure that the information will be available in Look-up Tool at the time you le the rst short
year return. Taxpayers ling for the second short period beginning in 2023 cannot claim the credit on the second
short periodreturn.
Information must be entered separately for each parcel for which qualied property taxes were paid in calendar year
2023. A separate entry must also be made for each property tax year for which qualied property taxes were paid in
2023. If Part B does not have enough rows to include all the parcels or years for which you paid qualied property
taxes, attach a schedule in the same format as Part B.
Example 1. Joe Pear owns two parcels in Lancaster County and paid property taxes on those parcels for the 2022 and
2023 property tax year during the 2023 calendar year. Joe owned parcel 17-12-345-678-000 for the entire 2023 calendar
year and purchased parcel 17-87-654-321-000 on July 1, 2022. The total property taxes paid were:
Joe used the Property Tax Look-up Tool to compute the qualied property taxes he paid. Joe entered in the Look-up
Tool the total property taxes he paid for the “Actual payments made by Joe Pear to Lancaster County Treasurer in
calendar year 2023.” Part B of Form PTC should be completed as follows:
Property Tax Year. Enter the property tax year for which the qualied property taxes were levied. Most taxpayers
pay their property taxes in the year after the taxes were levied. If more than one year of property taxes were paid in
the 2023 calendar year, a separate entry must be made for each property tax year. See example 1 above.
Nebraska County Number. Enter the number assigned to the county where the parcel is located. This number is
provided by the Look-up Tool or may be found on the County Parcel ID Search. This number is not the same as the
county number used for license plates. Do not enter the county number from a license plate.
Parcel ID Number. Enter the parcel ID number assigned by the county assessor to the parcel. This number may be
found on the Real Estate Tax Statement issued by the county treasurer where the parcel is located. The parcel ID
number may also be found using the Look-up Tool. Some counties use the term “property ID” rather than “parcel
ID”. Parcel ID numbers assigned by Lancaster County include dashes. The parcel ID number entered on Form PTC
for parcels located in Lancaster County must include the dashes. The parcel ID numbers for the other 92 counties
have either 9 or 10 digits and no dashes.
Qualied Property Taxes Paid. Enter in the appropriate column the amount of qualied property taxes you paid
on the parcel during the 2023 calendar year. This amount may be computed using the Look-up Tool or the taxpayer’s
records. Those records include, but are not be limited to, the Real Estate Tax Statement issued by the county treasurer
where the parcel is located.
Total School District and Community College Property Taxes Paid in 2023. On lines 3a and 3b enter the sum
of the school district and community college property taxes paid on the parcel or parcels listed in Part B.
Property
Tax Year
Nebraska County Number
(Do not enter numbers
from license plates.)
Parcel ID Number
(Include the dashes for
Lancaster County.)
Nebraska School
District Property
Taxes You Paid
Nebraska Community
College Property
Taxes You Paid
2022 55 17-12-345-678-000 2,880 259
2023 55 17-12-345-678-000 3,050 275
2022 55 17-87-654-321-000 1,325 119
2023 55 17-87-654-321-000 2,745 247
Total eligible school district and community college property taxes you paid in 2023 . . . . . . . . . . . . . . 3a
10,000 900
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3b
Property
Tax Year
Parcel ID Number Total Property Taxes Paid
2022 17-12-345-678-000 $5,760
2023 17-12-345-678-000 $6,100
2022 17-87-654-321-000 $2,650
2023 17-87-654-321-000 $5,490
