Property taxes for Lincoln Airport will nearly double after council OKs budget
LINCOLN, Neb. (KLKN) — The Lincoln City Council voted 5-2 on Monday night to approve the airport’s proposed $25 million budget.
Under the plan, the Lincoln Airport Authority’s property tax levy will almost double, from 1.67 cents to 3.1 cents per $100,000 of valuation.
That means the owner of a $281,000 house, the median price in Lincoln, will pay $87 a year.
SEE ALSO: LPS board inches closer to vote on proposed property tax increase
The airport said the tax increase will pay for crucial maintenance projects like bridge repair and building demolition.
LNK’s new budget also funds the new terminal and a runway project.
