Neb. Rev. Stat. § 77-3501.01

(1) For purposes of section 77-3507 , exempt amount shall mean the lesser of (a) the taxable value of the homestead or (b) one hundred percent of the average assessed value of single-family residential property in the claimant's county of residence as determined in section 77-3506.02">77-3506.02 or forty thousand dollars, whichever is greater. (2) For purposes of section 77-3508 , exempt amount shall mean the lesser of (a) the taxable value of the homestead or (b) one hundred twenty percent of the average assessed value of single-family residential property in the claimant's county of residence as determined in section 77-3506.02">77-3506.02 or fifty thousand dollars, whichever is greater. (3) For purposes of section 77-3506 , exempt amount shall mean the taxable value of the homestead.