Nebraska Tax Commission Reverses Madison County Residential Valuation Decision

The Nebraska Tax Equalization and Review Commission issued a decision reversing the Madison County Board of Equalization’s decision regarding the taxable value of a taxpayer’s improved residential parcel in the county for tax year 2024. The dispute involved the assessment of the taxpayer’s single-family home. The County Board had determined a higher taxable value for the property than the taxpayer’s appraiser report. The Commission found that the taxpayer provided competent evidence that rebutted the presumption in favor of the County Board’s determination. The Commission concluded that the County Board’s decision was arbitrary and unreasonable, and ordered a reduction of the ...