Nebraska Review Commission Reverses Lancaster County Board’s Property Tax Valuation of Residential Property

The Nebraska Tax Equalization and Review Commission June 27 reversed the Lancaster County Board of Equalization’s decision regarding the property tax valuation of taxpayer’s residential property for tax year 2023. The taxpayer appealed the Board’s determination that the property’s taxable value was $453,000, asserting that the Board’s valuation was not equalized with other comparable properties, and did not include the condition of the basement of the main residence. Upon review, the Commission found that the taxpayer’s argument was correct. The Commission held that there was sufficient evidence to rebut the presumption that the Board faithfully performed its duties, and that ...