reglab/statecodes huggingface dataset:
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 14 - Agricultural Land and Horticultural Land Assessment Regulations › Section 350-14-003 - AREAS

Current through June 17, 2024
003.01 The following general descriptions
				outline the geological formations, soils parent materials, topographic regions,
				growing seasons, frost-free days, average rainfall, predominant land uses,
				typical farming and ranching practices, and typical crops located in each Land
				Area.
003.01A Area 1- Northwest Area
				(generally referred to as the Panhandle) consists of Sioux, Dawes, Sheridan,
				Box Butte, Scotts Bluff, Banner, Kimball, Morrill, Cheyenne, Garden, and Deuel
				Counties.
003.01A(1) The soils in the area
				are quite variable due to the different geological formations and soil parent
				material. The topographic regions included in this area are rolling hills,
				valley side slopes, bluffs and escarpments, dissected plains, plains, sandhills
				and valleys. The regions and their local names identify areas or landscape
				features that are generally familiar from north to south in the Panhandle;
				Pierre Hills, White River Valley, Pine Ridge, Niobrara Valley, Box Butte Plain,
				Sandhill Region, North Platte Valley, Wildcat Ridge, Pumpkin Creek Valley,
				Cheyenne Plain, and Lodgepole Creek Valley. The soils vary from clayey soils to
				sandy and silty soils formed from bedrock and loess. There are some very
				shallow and shallow soils from bedrock on the dissected plains and in the
				bluffs and escarpments area. The valleys and valley side slope areas have
				mostly deep, silty to sandy soils.
003.01A(2) Farming operations consist
				primarily of ranching in the grassland areas, winter wheat and summer fallow
				dryland farming on the plains, and extensive irrigation in the valleys and on
				uplands where water is available. The principal irrigated crops are corn, sugar
				beets, field beans, and alfalfa. Some of the river valley areas have a high
				water table so that the soils are subirrigated (unless they are artificially
				drained). Saline and alkali soils are common in some areas. The Sandhills have
				many areas of wet meadows that are used mostly for native hay.
003.01A(3) The average precipitation in this
				area ranges from about 15 to 18 inches. The growing season ranges from about
				120 to 140 days. The western part of this area has elevations from 4,000 to
				over 5,000 feet above sea level. These elevations generally have cooler night
				temperatures and cooler seasonal temperatures. This affects the kinds of crops
				and grasses suitable for use and their total production. This in turn affects
				land values in some parts of this area.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 14 - Agricultural Land and Horticultural Land Assessment Regulations › Section 350-14-004 - PROCEDURES

Current through June 17, 2024
004.01 Identification of the parcel
004.01A All land in the state of Nebraska can
				be identified using the public land survey system. The entire state has been
				laid out in townships north of the baseline running from east to west along the
				Kansas-Nebraska border and ranges east and west from the 6th parallel which
				runs perpendicular to the baseline approximately 108 miles west of the eastern
				tip of the state. The parcel should be identified using the public land survey
				system legal description.
004.01A(1)
				Government lots may be identified using the appropriately assigned government
				lot number. Government lots are irregularly shaped lots which most often occur
				along the north and west sections in a township.
004.01A(2) Irregular lots may be identified
				using the appropriately assigned "tax lot" number.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 14 - Agricultural Land and Horticultural Land Assessment Regulations › Section 350-14-006 - VALUATION OF AGRICULTURAL AND HORTICULTURAL LAND

Current through June 17, 2024
006.01 A market or sales comparison approach
				may be used to determine the actual value for each class and subclass of
				agricultural and horticultural land.
006.01A
				A valuation per unit of comparison, or per land capability group, may be made
				based on matched pairs analysis of comparable sales.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 15 - Property Owned by the State and Governmental Subdivisions › Section 350-15-001 - PURPOSE

Current through June 17, 2024
001.01 The purpose of this regulation is to
				establish guidelines for the exemption, assessment, taxation, and in lieu of
				tax payments on property owned by the State of Nebraska and its governmental
				subdivisions.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 15 - Property Owned by the State and Governmental Subdivisions › Section 350-15-003 - TAX STATUS

Current through June 17, 2024
003.01 Real and personal property owned by
				the state of Nebraska and its governmental subdivisions, to the extent used or
				being developed for use by the state or governmental subdivision for a public
				purpose, shall be exempt from property taxes.
003.02 Real and personal property, leased or
				unleased, being used to carry out responsibilities conferred by law, with or
				without compensation, is deemed used for a public purpose under these
				regulations. Duties and responsibilities sufficient to meet the definition of
				public purpose may be conferred by federal or state constitution, statute, or
				case law or legally promulgated federal or state regulation.
003.03 Unleased real and personal property
				owned by the state and its governmental subdivisions, which is not being used
				or developed for use for a public purpose, shall be subject to property taxes
				unless one of the following conditions is met:
003.03A A payment in lieu of taxes, pursuant
				to
				Reg-15-006, is
				being paid for public safety, rescue, and emergency services and road or street
				construction or maintenance services to all governmental units providing such
				services to the property; or
003.03B Other specific provisions of law
				prohibit taxation of such property.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 15 - Property Owned by the State and Governmental Subdivisions › Section 350-15-004 - PROCEDURES

Current through June 17, 2024
004.01 On or before March 1, the assessor
				shall review all property owned by the state and the various governmental
				subdivisions within the county and make a determination of what property is not
				being used for or being developed for a public purpose as of January 1. All
				property determined not used for or being developed for a public purpose and
				not specifically exempted by statute, shall be assumed taxable for property tax
				purposes and valued pursuant to REG-15-004.01.
004.01A All real property as defined in
				Reg-10-001,
				other than agricultural and horticultural land, shall be valued for property
				tax purposes at its actual value.
004.01B All agricultural and horticultural
				land as defined in
				Reg-14-002,
				shall be valued for property tax purposes at seventy-five (75) percent of its
				actual value.
004.01C All
				depreciable tangible personal property as defined in
				Reg-20-001,
				shall be valued for property tax purposes at its net book value as defined in
				REG-20-001.05.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 15 - Property Owned by the State and Governmental Subdivisions › Section 350-15-005 - PROPERTY TAXES

Current through June 17, 2024
005.01 Property taxes paid by the lessee.
005.01A Each state agency and governmental
				subdivision that has leased taxable property upon which the taxes are to be
				paid by the lessee, shall on or before October 15, provide the assessor of the
				county in which the property is located, the name and address of the lessee to
				whom the property tax statement should be sent. If the governmental entity has
				provided this information pursuant to REG-15-004.02 and the identity of the
				lessee has not changed, the governmental entity is not required to provide this
				information a second time.
005.01B
				Taxes on property assessed to the lessee shall be due and payable in the same
				manner as all other property taxes.
005.01B(1) All taxes assessed to the lessee
				shall be due and payable on December 31 of each year. One-half of the property
				taxes become delinquent on May 1 and the second half on September 1 next
				following the date the taxes become due, except in counties having a population
				of more than one hundred thousand. In counties with a population of more than
				one hundred thousand, the delinquent dates are April 1 and August 1 next
				following the date the taxes become due.
005.01C As of December 31, all taxes assessed
				to the lessee shall become a first lien upon the personal property of the
				lessee until paid. No lien or attachment shall be attached to the property of
				the state or the governmental subdivisions for failure of the lessee to pay the
				taxes.
005.01D At least 20 days
				prior to the issuance of distress warrants, the county treasurer shall mail a
				notice of delinquent taxes to the lessee and state agency or governmental
				subdivision advising them that if full payment of the taxes is not received by
				September 1 next after the due date, distress warrants will be issued and
				delivered to the county sheriff for collection.
005.01E Neither the state nor a governmental
				subdivision is obligated to pay the taxes upon failure of the lessee to
				pay.
005.01F The state or
				governmental subdivision may request the assessor to send the tax statement to
				it, rather than the lessee, voluntarily pay the taxes for the lessee and
				collect the tax from the lessee as part of the lease
				payment.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 15 - Property Owned by the State and Governmental Subdivisions › Section 350-15-006 - IN LIEU OF TAX

Current through June 17, 2024
006.01 Unleased property of the state and
				governmental subdivisions that is not being used or being developed for a
				public purpose may, rather than being subject to property taxes, be subject to
				an in lieu of tax payment. Such in lieu of tax payments are separate from and
				shall not apply to property on which in lieu of tax payments are made pursuant
				to Article VIII, Section 11 of the Nebraska Constitution.
006.02 The in lieu of tax payment shall be
				paid directly to all state agencies and governmental subdivisions providing
				public safety, rescue and emergency services, and road or street construction
				or maintenance services to the property.
006.02A Any property of the state or a
				governmental subdivision as described in REG-15-006.01, may be subject to the
				in lieu of tax even though all the services to the property are provided by the
				owner.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 15 - Property Owned by the State and Governmental Subdivisions › Section 350-15-007 - REPORTING BY THE ASSESSOR

Current through June 17, 2024
007.01 On or before December 1, 2004 and
				every fourth December 1 thereafter, the assessor shall file with the county
				board and the Property Tax Administrator a report containing the following
				information for that particular year:
007.01A
				The legal description and the owner of all property located within the county
				that is owned by state agencies and political subdivisions of the State of
				Nebraska.
007.01B The legal
				description, owner and tax status of all leased and unleased property owned by
				state agencies and political subdivisions of the State of Nebraska that is not
				being used for a public purpose and is subject to taxation.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 17 - Report and Opinion Regulations › Section 350-17-001 - PURPOSE

Current through June 17, 2024
001.01 This regulation defines terms,
				responsibilities of parties, implementation, and presentation of the Property
				Tax Administrator's Report and Opinion of the level of value and quality of
				assessment required by Neb. Rev. Stat. §§
									77-1327
				and
				77-5027.
				Each annual Report and Opinion will be based on all information available to
				the Property Tax Administrator as provided by statistical studies, the
				Assessment Practices Survey, and any other report or information available to
				the Nebraska Department of Revenue.
The description of the techniques generally used in the
				  development and use of a ratio study is developed using the most current
				  version of the Standard on Ratio Studies (Standard), issued by the
				  International Association of Assessing Officers (IAAO). Two other references,
				  Mass Appraisal of Real Property and Property Assessment Valuation, also issued
				  by the IAAO, contain discussion of the development and use of ratio studies.
				  Further, the Division sets forth procedures for the development of the ratio
				  study in the Title 350 Neb. Admin. Code Chapter 12, Sales File Regulations. The
				  Standard provides recommendations for the design, preparation, interpretation,
				  and use of ratio studies for a number of purposes. The Standard assumes that
				  ratio studies will contain a statistically adequate sample of sales to
				  represent the level of value for a particular jurisdiction being
				  measured.
Neb. Rev. Stat. §§
										77-702,
				  77-1327,
				  and
				  77-5027.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 17 - Report and Opinion Regulations › Section 350-17-002 - DEFINITIONS

Current through June 17, 2024
002.01 Class or subclass of real property
Class or subclass of real property means a collection of
				  properties that share one or more common characteristics that affect value, and
				  that are not found in other properties outside the class or subclass pursuant
				  to Neb. Rev. Stat. §
										77-103.01.
002.01A For agricultural or horticultural
				land, class or subclass includes but is not limited to: irrigated cropland; dry
				cropland; grassland; wasteland; nurseries; feedlots; orchards; location;
				geographic characteristics; and other market characteristics that are
				appropriate for the assessment of the class or subclass of agricultural or
				horticultural land.
002.01B For all
				other real property, class or subclass includes, but is not limited to:
				improvement status; parcel type; zoning; location; city size; parcel size;
				geographic characteristics; or market characteristics that are appropriate for
				the valuation of a class or subclass of real property. For the purposes of this
				regulation, market characteristics means the social and economic factors in the
				market that affect the value of real property. Geographic characteristics means
				the physical characteristics of the earth, land, region, or site that may have
				an effect on value.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 17 - Report and Opinion Regulations › Section 350-17-003 - REPORT AND OPINION

Current through June 17, 2024
003.01 On or before March 19, in counties
				with a population of less than 150,000 inhabitants, the county assessor must
				complete and certify the County Abstract of Assessment Report for Real Property
				(Real Property County Abstract) to the Division. For counties with a population
				of at least 150,000 inhabitants, the county assessor must complete and certify
				the Real Property County Abstract on or before March 25.
003.02 The PTA must certify the Report and
				Opinion for real property in each county to the TERC on or before 19 days
				following the final filing due date for the Real Property County Abstract, or
				on or before 15 days following the final filing date for the Real Property
				County Abstract in counties with population of at least 150,000 inhabitants.
				Each county assessor will be provided an electronic copy of the Report and
				Opinion for that county.
003.03
				The narrative portion of the Report and Opinion will be designed to ascertain,
				on an ongoing basis, whether the assessments in each county comply with
				Nebraska law, achieve actual value, and are applied uniformly and
				proportionately to real property in the county. The information contained in
				the narrative will be developed by the Division using information gathered by
				the Division that includes:
003.03A
				Information regarding the actions and procedures used by county assessors to
				accomplish their assessment responsibilities;
003.03B Sales review procedures used in each
				county to determine whether, for valuation purposes, sold and unsold real
				property is treated in the same manner;
003.03C Market data for each county relating
				to the behavior of buyers and sellers of real property; and
003.03D Any other information relevant to the
				assessment of real property in the county.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 17 - Report and Opinion Regulations › Section 350-17-004 - OPINION

Current through June 17, 2024
004.01 After examining any information
				relevant to the level of value, including the narrative and statistical
				reports, the PTA will certify his or her opinion as to the level of value and
				quality of assessment for classes or subclasses of real property.
004.02 The PTA will analyze and consider
				professionally accepted measures of central tendency such as the median,
				weighted mean or mean, and analyze other statistical measures such as the
				coefficient of dispersion, price-related differential, coefficient of
				variation, and confidence intervals.The level of value may be determined by the
				PTA based on the analysis of the representative sample developed in accordance
				with this Chapter.
004.03 The PTA's
				Opinion will state whether the county's level of value and quality of
				assessment are acceptable or not acceptable based on a consideration of all of
				the information available. The PTA will take into consideration in the
				formulation of his or her opinion the information regarding the assessment
				practices in the county in addition to the results indicated from the
				statistical reports calculated from the sales file and the quantity, quality,
				and reliability of the statistics from the county's data set including the
				dispersion and representativeness of sales in the database.
Neb. Rev. Stat. §§
										77-702,
				  77-1327,
				  77-1343,
				  77-1344,
				  77-1377,
				  77-1514,
				  and
				  77-5027.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 17 - Report and Opinion Regulations › Section 350-17-005 - DIVISION CORRECTIONS AND AMENDMENTS

Current through June 17, 2024
005.01 The PTA will not modify the Report and
				Opinion, except by amendment or supplementation, after submission to the
				TERC.
005.02 It will be the county
				assessor's responsibility to explain to the TERC any errors and omissions in
				their information as originally submitted to the PTA.
005.03 The PTA will supplement the Report and
				Opinion as requested by the TERC.
Neb. Rev. Stat. §
										77-702.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 17 - Report and Opinion Regulations › Section 350-17-006 - TAX EQUALIZATION AND REVIEW COMMISSION ORDER COMPLIANCE AUDIT

Current through June 17, 2024
006.01 The PTA has a statutory obligation to
				make an examination of the records of any county that has been issued orders by
				the TERC following hearings to raise or lower the valuation of any class or
				subclass of real property. For purposes of this section, audit means a review
				of the county records to determine whether the county assessor has complied
				with the TERC's order and implemented the ordered valuation change.
006.02 On or before June 5 of each year, the
				county assessor of any county ordered by the TERC to adjust a class or subclass
				of real property must recertify the Real Property County Abstract to the PTA.
006.03 The PTA must audit the
				records of the county assessor to determine whether the orders were or were not
				implemented as required pursuant to Neb. Rev. Stat. §
									77-5029.
				The audit must be completed between June 5th and July 15th. The audit report
				will include findings regarding all classes or subclasses ordered to be changed
				by the TERC. A copy of all worksheets prepared in conjunction with the audit
				indicating the property records reviewed must be attached to the report.
006.03A If after June 5 and prior to July 15
				it is discovered that real property has not received the required adjustment as
				ordered, the county assessor and county board of equalization will be notified
				in writing by the PTA within seven days after such discovery.
006.03B If the county has not made the
				ordered adjustments as discovered by the audit the PTA will certify the results
				of the audit to TERC.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 18 - Community Development Project Regulations › Section 350-18-001 - PURPOSE

Current through June 17, 2024
001.01 The purpose of these regulations is to
				outline various duties of assessors and redevelopment authorities in
				administering property assessment and taxation laws for properties in a
				community redevelopment project. The community redevelopment laws allow for the
				increased property taxes generated by the improvement of blighted property to
				be used to pay for the financing of the redevelopment, i.e. tax increment
				financing (TIF).
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 18 - Community Development Project Regulations › Section 350-18-004 - REPORTING BY ASSESSORS

Current through June 17, 2024
004.01 On or before August 20, when
				certifying the total taxable valuation to the political subdivisions, the
				assessor shall include no more than the redevelopment project valuation as part
				of the taxable value for levy setting purposes. The redevelopment project
				excess valuation shall not be included in the certification of the taxable
				valuation to the political subdivisions.
004.01A The redevelopment project excess
				valuation shall not be included in the calculation of the valuation
				attributable to growth for use by certain political subdivisions, for purposes
				of preparing budgets.
004.01B If
				the current year's total taxable value of the real property in a redevelopment
				project drops below the originally established redevelopment project valuation,
				the current year's taxable value is the amount assessable to the political
				subdivisions and there would be no excess value or tax proceeds available to
				the redevelopment project.
004.01B(1) The
				redevelopment project excess valuation shall be reinstated when the assessed
				valuation on taxable real property in the redevelopment project is greater than
				the redevelopment project base valuation.
004.01C The assessor shall annually on or
				before August 20, certify to the community redevelopment authority and to the
				county treasurer the amount of the redevelopment project valuation (base value)
				and the redevelopment project excess valuation, if any for each
				project.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 18 - Community Development Project Regulations › Section 350-18-005 - REPORTING BY REDEVELOPMENT AUTHORITIES

Current through June 17, 2024
005.01 On or before December 1 each year, any
				city which has approved redevelopment plans that are financed in whole or in
				part through the use of tax increment financing, shall file a report with the
				Property Tax Administrator for each plan. The report shall contain the
				following:
005.01A A copy of the redevelopment
				plan and any amendments thereto, approval date of the plan, the effective date
				for dividing the real property taxes as provided to the assessor and the
				location and boundaries of the property in the redevelopment project.
005.01B A short narrative description of the
				type of development undertaken, including the financing and type of business or
				commercial activity locating within the redevelopment area as a result of the
				redevelopment project.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 20 - Personal Property Regulations › Section 350-20-001 - DEFINITIONS

Current through June 17, 2024
001.01 Personal property shall include all
				property other than real property or franchises.
001.01A Tangible personal property shall
				include all personal property possessing a physical existence, but excluding
				money. Tangible personal property also includes trade fixtures, such as
				machinery and equipment used directly in commercial, manufacturing or
				processing activities conducted on real property regardless of whether the real
				property is owned or leased.
001.01A(1)
				Operational software which is necessary for computer hardware to function is
				defined as tangible personal property.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 20 - Personal Property Regulations › Section 350-20-003 - CORRECTION PROCEDURE

Current through June 17, 2024
003.01 All personal property returns are
				required by law to be signed by the taxpayer or his or her agent. If a return
				is not signed, the assessor shall notify the taxpayer or agent in writing that
				they have until May 1 or within 10 days from the date of the notice, whichever
				is later, to sign the return or to file a properly signed corrected return.
				Upon the failure to sign the return, the unsigned return is presumed correct
				for tax purposes.
003.02 The
				following procedures shall be followed if any change in valuation is made,
				omitted property is added to the personal property return, or the assessor
				lists and values all of a taxpayer's taxable personal property.
003.02A The assessor shall change the
				reported valuation of any item of personal property listed on the return and
				supporting schedules of any taxpayer to conform the valuation to taxable value.
				The assessor shall make this change to the valuation of any item of personal
				property, if warranted, for the current taxing period and the three previous
				taxing periods or any taxing period included therein.
003.02B The assessor shall list any item of
				taxable personal property omitted from a personal property return. The assessor
				shall list and value the property for the current and three previous taxing
				periods or any taxing period included therein. The property shall be taxed at
				the same rate as would have been imposed if timely returned for
				taxation.
003.02C If the taxpayer
				fails or refuses to file a personal property return, the assessor shall file a
				personal property return which shall list and value all of the taxpayer's
				taxable personal property. The assessor shall file such a return for the
				current tax period and three previous taxing periods or any taxing period
				included therein. The property shall be taxed at the same rate as would have
				been imposed if timely returned for taxation.
003.02D For changes in valuation or additions
				of omitted property, the assessor shall send notice by first class mail to the
				last known address of the taxpayer on a form prescribed by the Tax
				Commissioner. The taxpayer shall be advised of the action taken, the penalty,
				and the rate of interest, if any. The notice shall also state the taxpayer's
				appeal rights and the appeal procedures.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 20 - Personal Property Regulations › Section 350-20-004 - PERSONAL PROPERTY SITUS

Current through June 17, 2024
004.01 Taxable commercial, agricultural, or
				other business personal property shall be listed and assessed at the location
				of the business, unless the property has acquired situs elsewhere. For purposes
				of these regulations, an item of taxable personal property will be deemed to
				have acquired situs elsewhere if it is kept in a location, other than the
				location of the business, for the greater portion of the calendar year.
004.01A The situs of aircraft shall be where
				it is stored for the greater portion of the calendar year.
004.01B The situs of unlicensed motor
				vehicles and recreational vehicles shall be where they are stored for the
				greater portion of the calendar year.
004.01C Personal property in transit or so
				mobile as to not have acquired local situs elsewhere shall have situs at the
				location of the business.
004.01D
				The situs of property of an estate shall be where the property was subject to
				taxation on the date of death of the deceased.
004.01E The situs of the personal property of
				a lessee shall be deemed to be the same as other personal property of the
				lessee.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 20 - Personal Property Regulations › Section 350-20-005 - PERSONAL PROPERTY EXEMPTIONS

Current through June 17, 2024
The following categories of personal property are exempt from
				  the property tax:
005.01 Inventory
				shall be exempt from the personal property tax.
005.01A Inventory is defined as goods held
				for sale or resale in a manufacturing, merchandising, or agricultural business
				where the production, sale, or purchase of property is in the ordinary course
				of their business. Inventory shall include all finished or partly finished
				goods or products, and raw materials and supplies, which have been acquired for
				sale or which, will physically become a part of inventory. A seller shall
				include in inventory goods or products held under contract for sale, but not
				yet delivered, and goods or products out on consignment. A seller shall not
				include in inventory goods or products sold where title has passed to the
				buyer. Items used in the conduct of the business that are not intended to be
				sold or to become part of goods or products intended to be sold cannot be
				included in inventory.
005.01B
				Inventory shall include personal property owned for purposes of leasing or
				renting for financial gain only when:
(1) the
				items are of a type which in the ordinary course of business are leased or
				rented for a period of 30 days or less: and
(2) the items may be returned at the option
				of the lessee or renter at any time: and
(3) the items are of a type which would be
				considered household goods or personal effects if owned by an
				individual.
005.01C
				Items of personal property held for lease or rental or in possession of a
				lessee or renter other than those described in REG-20-005.01B are defined as
				depreciable tangible personal property and cannot be included in inventory.
				Treatment of property which is part of a conditional sale is addressed in
				Reg-20-006.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 20 - Personal Property Regulations › Section 350-20-006 - LEASED PERSONAL PROPERTY

Current through June 17, 2024
006.01 All leased taxable personal property
				shall be listed and returned as required by law by the lessor as owner or
				lessee as agent, at the lessor's Nebraska adjusted basis and date of
				acquisition. If a lessee is unable to list and return an item of leased
				property because the Nebraska adjusted basis cannot be determined, the lessee
				shall file a description of the property and the name and address of the
				lessor. The filing by a lessee as herein provided shall not satisfy the
				requirements for listing and returning taxable personal property provided by
				Reg-20-002.
006.01A Contracts made between lessor and
				lessee shall not be recognized by taxing officials in determining tax
				responsibility. A assessor may require the listing of leased taxable personal
				property by the lessor as owner and lessee as agent, if it is deemed necessary
				to secure compliance with the law.
006.01B Tangible personal property leased by
				tax exempt entities shall be subject to personal property taxation at its net
				book value.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 20 - Personal Property Regulations › Section 350-20-007 - AIRCRAFT ASSESSMENT

Current through June 17, 2024
007.01 Any air carrier engaged solely in
				intrastate transportation, whose flight equipment is based at only one airport
				within the state, shall be subject to taxation in the same manner as other
				locally assessed property.
007.01A The
				Property Tax Administrator pursuant to Property Valued by the State
				Regulations, Chapter 30, shall assess flight equipment of all air carriers,
				other than those locally assessed pursuant to this regulation.
007.01B Aircraft situs is addressed in
				Reg-20-004.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 23 - Historical Real Property Regulations › Section 350-23-001 - DEFINITIONS

Current through June 17, 2024
001.01 Base value
Base value shall mean the assessed valuation of historically
				  significant real property in the assessment year the preliminary certificate of
				  rehabilitation was issued last certified by the assessor pursuant to Neb. Rev.
				  Stat. Section 13-509 or as finally determined if appealed.
001.02 Historically significant property
Historically significant property shall mean real property
				  that is:
001.02A Listed in the
				National Register of Historic Places;
001.02B Located within a district listed in
				the National Register of Historic Places that has been determined to be
				historically significant as determined by the State Historic Preservation
				Officer;
001.02C Property that has
				been individually designated as historically significant pursuant to a local
				landmark ordinance or resolution that has been approved by the State Historic
				Preservation Officer; or
001.02D
				Located within a district designated pursuant to a local landmark ordinance or
				resolution approved by the State Historic Preservation Officer and that is
				historically significant as determined by the State Historic Preservation
				Officer.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 23 - Historical Real Property Regulations › Section 350-23-002 - PROCEDURES

Current through June 17, 2024
002.01 The determination of the status of a
				property as historically significant, the issuance of a preliminary certificate
				of rehabilitation and the issuance of a final certificate of rehabilitation is
				made by the State Historic Preservation Officer, following application by the
				property owner.
002.02 To be
				considered historically significant property, the property owner must apply to
				the State Historic Preservation Officer on a form prescribed by the State
				Historic Preservation Officer, pursuant to Neb. Rev. Stat. Section
				77-1387.
				If the property is recognized by the State Historic Preservation Officer as
				historically significant, the owner may apply for a preliminary certificate of
				rehabilitation.
002.03 To obtain a
				preliminary certificate of rehabilitation, the owner of the property must apply
				to the State Historic Preservation Officer on a form prescribed by the State
				Historic Preservation Officer, pursuant to Neb. Rev. Stat. Section
				77-1388.
				The property owner must obtain from the county assessor a written certification
				of the base value of the real property that was last certified pursuant to Neb.
				Rev. Stat. Section
				13-509
				or as finally determined on appeal.
002.03A
				The certification issued by the assessor must be in writing and be signed by
				the assessor.
002.03B If the
				request for the certification of the base value is received by the assessor
				prior to August 20, the certified base value will be for the previous
				assessment year. If the request is received after August 20, the certified base
				value will be for the current assessment year.
002.03C If the preliminary certificate of
				rehabilitation is granted by the State Historic Preservation Officer, a copy of
				the preliminary certificate shall be provided to the assessor by the State
				Historic Preservation Officer within seven days of the issuance of the
				certificate.
002.03D If the
				property receives a final certificate of rehabilitation, the value certified by
				the assessor as for the purposes of the application for a preliminary
				certificate will be the base value of the property for assessment
				purposes.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 23 - Historical Real Property Regulations › Section 350-23-003 - VALUATION

Current through June 17, 2024
003.01 The base valuation for historically
				significant property is the value for the property last certified by the
				assessor at the time of the property owner's application for a preliminary
				certificate of rehabilitation from the State Historic Preservation Officer.
003.01A The property owner shall contact the
				assessor to obtain a certification of the last certified value at the time of
				the application for a preliminary certificate of rehabilitation. Such
				certification shall be provided in writing to the property owner, who will
				attach it to the application filed with the State Historic Preservation
				Officer.
003.01B If the request for
				a certification of the base value is received by the assessor prior to August
				20, the value certified by the assessor would be the value certified by the
				assessor for the prior year. If the request for the certified value is received
				by the assessor after August 20, the certified value will be for the current
				valuation year.
003.01C When the
				assessor receives a request for a certified value from a property owner for the
				purposes of an application for a preliminary certificate of rehabilitation, he
				or she shall note the base value in the record file for the property so that in
				the event a final certificate of rehabilitation is issued, the assessor shall
				have a record of the base value to be applied.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 23 - Historical Real Property Regulations › Section 350-23-004 - Revocation

Current through June 17, 2024
004.01 A final certificate of rehabilitation
				for an historically significant property may be revoked by the State Historic
				Preservation Officer if the rehabilitation of the property has not been made in
				accordance with the standards described in
				36 C.F.R.
				67.7, as such regulation existed on January
				1, 2005, the property is determined to be no longer of historical significance
				to a qualified historic district, or no longer possesses the qualifications for
				listing in the National Register of Historic Places.
004.01A The determination of whether a
				property is disqualified from receiving valuation as qualified historically
				significant property is made by the State Historic Preservation Officer
				pursuant to the rules and regulations of the State Historic Preservation Office
				promulgated pursuant to Neb. Rev. Stat. Section
				77-1394.
004.01B If the final certificate of
				rehabilitation has been revoked by the State Historic Preservation Officer, the
				State Historic Preservation Officer shall provide written notice to the
				assessor.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 30 - Property Valued By The State Regulations › Section 350-30-001 - PURPOSE

Current through June 17, 2024
001.01 The purpose of these regulations is to
				govern the method by which specifically identified centrally assessed property
				is valued and how that value is allocated to the State of Nebraska for property
				tax purposes by the Property Tax Administrator. The types of property include
				railroad operating property, public service entity operating property, car line
				company property, and air carrier flight equipment.
001.02 For railroad companies
				Reg-30-006 and
				public service entities
				Reg-30-005,
				the law requires the Property Tax Administrator to value the operating
				property, to allocate a portion of the value to Nebraska, and to distribute the
				taxable value to the counties and the various political subdivisions for
				assessment and tax collection.
001.03 For car line company property
				Reg-30-004 and
				air carrier flight equipment
				Reg-30-003,
				the law requires the Property Tax Administrator to value the property and
				collect the taxes. The State Treasurer is required to distribute the taxes to
				the counties.
001.04 The Tax
				Commissioner is responsible for hearing administrative appeals of a company's
				valuation or the method of allocation. The Tax Commissioner shall act upon such
				appeal and issue a written order. The Tax Commissioner's order may be appealed
				pursuant to Neb. Rev. Stat. Section
				77-5013.
				See Practice and Procedure Regulations, Chapter 90.
001.05 The Tax Equalization and Review
				Commission is responsible for equalizing the valuation of centrally assessed
				real property. Specific procedures governing an appeal of the equalization of
				this property are found in the Tax Equalization and Review Commission
				Act.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 30 - Property Valued By The State Regulations › Section 350-30-003 - AIR CARRIERS

Current through June 17, 2024
003.01 Taxpayer's Responsibilities
003.01A On or before June 1 of each year, an
				air carrier engaged in interstate business in Nebraska during the preceding
				year ending December 31, shall furnish a complete and accurate report pursuant
				to Neb. Rev. Stat. Section
				77-1247
				to the Property Tax Administrator on prescribed forms.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 30 - Property Valued By The State Regulations › Section 350-30-004 - CARLINE COMPANIES

Current through June 17, 2024
004.01 Taxpayer's Responsibilities
004.01A On or before June 1 of each year, a
				car line company owning or operating any railroad cars through, in, or into
				Nebraska during the preceding year ending December 31, shall furnish a complete
				and accurate report pursuant to Neb. Rev. Stat. section
				77-680
				to the Property Tax Administrator on prescribed forms.
004.01B On or before June 1 of each year a
				railroad company whose line runs through or into Nebraska shall furnish to the
				Property Tax Administrator a report showing the total number of miles traveled
				by each class of cars for every car line company on their lines in this state
				during the preceding year ending December 31.
004.01B(1) A car line company requesting the
				Property Tax Administrator to consider the use of a time/speed study shall
				submit such study at the time of filing the reports required in REG-30-
				004.01A.
004.01B(2) Any time/speed study submitted
				pursuant to REG- 30-
				004.01B(1) shall
				be applicable for three (3) years. The use of time/speed study may be extended
				at the discretion of the Property Tax Administrator beyond three (3) years if
				the carline company requesting the use of the time/speed study provides
				information to the Property Assessment Division that indicates, in the opinion
				of the Property Tax Administrator, that the time/speed study continues to
				reflect traffic patterns in the state.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 30 - Property Valued By The State Regulations › Section 350-30-005 - PUBLIC SERVICE ENTITIES

Current through June 17, 2024
005.01 Taxpayer's Responsibilities
005.01A On or before January 1 of each year,
				a public service entity shall report to the assessor all non-operating taxable
				property of such company located in the county.
005.01B On or before April 15 of each year, a
				public service entity engaged in business in Nebraska shall furnish a complete
				report to the Property Tax Administrator on prescribed forms.
005.01C Any sale of a public service entity
				shall be reported by the purchaser to the Property Tax Administrator within
				thirty (30) days from the date of the sale. The purchaser shall identify the
				seller, date of the sale, any change in name of the entity, and the purchase
				price.
Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 350 - Nebraska Department of Revenue, Property Assessment Division › Chapter 30 - Property Valued By The State Regulations › Section 350-30-006 - RAILROADS

Current through June 17, 2024
006.01 Taxpayer's Responsibilities
006.01A On or before January 1 of each year,
				a railroad company shall report to the assessor all nonoperating taxable
				property located in the county. Nonoperating property shall include any
				railroad track mileage abandoned or other property not contributing to the
				operations of the railroad.
006.01B
				On or before April 15 of each year, a railroad company engaged in business in
				Nebraska shall furnish a complete report to the Property Tax Administrator on
				prescribed forms.
006.01C On or
				before June 1 of each year, a railroad company whose line runs through or into
				Nebraska shall furnish to the Property Tax Administrator a report showing the
				total number of miles traveled by each class of cars for every car line company
				on their lines in this state during the preceding year ending December
				31.
006.01D Any sale of railroad
				operating property shall be reported by the purchaser to the Property Tax
				Administrator within 30 days from the date of the sale. The purchaser shall
				identify the seller, date of the sale, any change in name of the railroad, the
				miles of main track and sidetrack located in each taxing subdivision, and the
				purchase price.