LINCOLN, Neb. (KOLN) – Lincoln Public Schools unveiled its preliminary $558 million budget for the 2025-26 school year on Tuesday, with property taxes expected to remain roughly the same for the average Lincoln homeowner.
This year, LPS says its property tax levy has dropped by about 7 cents to $1.04, the lowest it’s been over a 30 year period. With an estimated 7% increase in property values, the district projects that the average home valued at $311,000 would owe $3,237 in LPS taxes, just $8 more than last year. Final valuation figures will be released in August.
Annie Mumgaard, Chair of LPS’ Finance Committee, said keeping those taxes consistent helps residents manage their own budgets…