How does the annexation policy affect property taxes?
Typically the property tax levy is greater after annexation due to the addition of the City of Lincoln levy. After annexation the property would not have to pay the property tax of a rural fire district. If a property is not currently in the Lincoln Public School District (LPS), upon annexation it would transfer to LPS. Property owners would no longer pay the general levy of the school district that they are currently in, but would now pay the LPS general levy. However, according to state statutes, any property that was in a school district at the time of a bond election, must continue to pay on that district’s bond until it is retired, even after property transfers to another district. Since 1998, the City of Lincoln and Lincoln Public Schools have had an agreement that provides that any area annexed by the City of Lincoln would not have to pay for LPS school bonds approved prior to annexation while it is still paying for the school bond of another school district. All property annexe
