Nebraska Tax Equalization and Review Commission Reverses Assessor’s Valuation of Residential Property

The Nebraska Tax Equalization and Review Commission issued a decision reversing the Douglas County Board of Equalization’s valuation of taxpayer’s residential property for tax years 2021 and 2022. The dispute centered on the assessed value of the land component and overall value of the 21.02-acre parcel. The Commission found the county board’s valuations unreasonable and arbitrary, relying on an appraisal report valuing the property at $1,090,000 as the competent evidence of actual value. [Neb. Tax Equalization & Rev. Comm’n, Admin. Decision Nos. 21R 0694 & 22R 0840, 04/02/25]

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