12 Population FY 2023

Tax Snapshot (Beta)

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Nebraska and Lorenzo.

Component Summary Effective Coverage Sources
NE state individual income tax Nebraska individual income tax uses four brackets per filing-status schedule (top rate 5.84% in tax year 2024, 5.20% in 2025); the calculator also applies fixed status standard deductions, the nonrefundable per-exemption credit, and the 10% state EITC while disclosing input-dependent credits and the federal tax liability cap it cannot model. Tax years 2024 and 2025. Source verified Nebraska 2024 tax calculation schedule; Nebraska 2025 tax calculation schedule; Nebraska 2025 individual income tax booklet; Neb. Rev. Stat. 77-2715.07 (EITC and personal-exemption credit)
NE sales and use tax (base) Nebraska state sales and use tax rate is 5.5%; local sales and use taxes may apply. Current Nebraska Department of Revenue guidance (as accessed April 19, 2026). Rate missing Nebraska sales and use tax
NE property tax policy (local levies with state assessment oversight) Nebraska property taxes are levied by local governments and administered through county-level assessment processes with state Property Assessment Division oversight. Current Nebraska Department of Revenue guidance (as accessed April 19, 2026). Needs review Nebraska Property Assessment Division; Nebraska 2025 annual report (property taxes levied by local governments)

Community Profile

Census Bureau ACS 5-year estimates

0.0% Poverty Rate 2023
0.0% Bachelor's+ Rate 2023
0.0% Unemployment Rate 2023
100.0% Homeownership Rate 2023

Financial Documents (13)
Year Title Type
2023 Lorenzo Census ACS 5-Year Estimates 2023 US_CENSUS_ACS5
2022 Lorenzo Census ACS 5-Year Estimates 2022 US_CENSUS_ACS5
2021 Lorenzo Census ACS 5-Year Estimates 2021 US_CENSUS_ACS5
2019 Lorenzo Census ACS 5-Year Estimates 2019 US_CENSUS_ACS5
2018 Lorenzo Census ACS 5-Year Estimates 2018 US_CENSUS_ACS5
Governance & Structure
Governance Structure
Structure
Not specified
Fiscal Autonomy
Not specified
ICMA Recognition
Notes
None
School Details

Not applicable for this entity type.

Geographic Relationships

This entity is within