Nebraska Tax Commission Reverses Hamilton County’s 2024 Residential Property Tax Valuation

The Nebraska Tax Equalization and Review Commission issued a decision reversing the decision of the Hamilton County Board of Equalization, regarding the taxable value of a residential property for tax year 2024. The dispute involved the valuation of the land component, where the county assessor had added additional costs to the price per square foot value for the lot to account for development costs like a well, septic system, and landscaping. The taxpayer argued that these additional costs were arbitrary and unreasonable compared to other properties in the county. On appeal, the Commission found that: 1) the taxpayer is entitled ...