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East of Broken Bow | PP taxes are 'Personal Property' taxes.
In Nebraska, almost everything you own, you will pay taxes on it.
Car has motor vehicle tax
Land has Real Estate Tax
Tractors, combines, pivots, etc that are not subject to road/sales tax you will pay Personal Property tax on it.
The amount of tax you pay is pretty simple to figure out. The valuation of that equipment on your depreciation schedule times the Personal Property tax levy is what you pay.
Every year
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IL Crop Breakevens
