Nebraska Supreme Court Affirms Taxpayers Appeal, Affirms Equalization Board’s Valuations

The Nebraska Supreme Court reversed the Tax Equalization and Review Commission’s decision against taxpayer, and affirmed the Board of Equalization (Board) of Sarpy County’s property valuation. The dispute arose when taxpayers protested the county assessor’s valuation of their apartment complex, leading to the board lowering the values based on a referee’s recommendation using actual income figures. The Nebraska Tax Equalization and Review Commission overturned the board’s decision, claiming the methodology was improper. However, the Court found that Tax Equalization and Review Commission erred in concluding that the board’s valuation was unreasonable or arbitrary, because there was evidence supporting the use ...