The purpose of the Nebraska Department of Revenue Property Assessment Division (Division) is to develop information, in various formats, that assists the administrators, payers, and beneficiaries of the property taxes to make informed decisions concerning the quality of the assessment function of the property tax system in Nebraska.
The Division, directed by the Property Tax Administrator, is statutorily created and governed by the Nebraska Constitution and statutes. See Neb. Rev. Stat. §§ 77‑701 and 77‑702. Its functions include, but are not limited to, the following:
- Providing legal, policy, and assessment information through regulations, rulings, directives, standards, manuals, and education to county assessors and other assessing officers to ensure the uniform execution of the property tax laws (§ 77‑1330);
- Providing advice concerning the assessment of real property to ensure the uniform and proportionate valuation of real property (§ 77‑702 (2));
- Providing information to the property owner concerning the level of value and quality of the assessment of real property in each county (§ 77‑1327);
- Determining the assessable valuation of all taxable property in each school district for purposes of the Tax Equity and Educational Opportunities Support Act (§§ 79‑1001 and 79‑1016);
- Valuing and distributing the value of property required to be valued by the state, such as railroad companies, public service entities, car companies, and air carriers (§§ 77‑601 to 77‑693, 77‑801 to 77‑804, and 77‑1244 to 77‑1250.05);
- Administering the Property Tax Credit Act for real property (§ 77‑4209, et. al);
- Administering the Homestead Exemption Program (§ 77‑3508);
- Administering the Documentary Stamp Tax Program (§ 76‑901);
- Determining the eligibility for exemption of certain personal property subject to compliance with the Employment and Investment Growth Act (LB 775) and the Nebraska Advantage Act (§§ 77‑4101, 77‑4105, 77‑5701, and 77‑5725);
- Publishing the Division’s Annual Report and a Tax Increment Finance Report (§§ 77‑709 and 18‑2117.01);
- Reviewing exemptions granted by county boards of equalization and appealing to the Tax Equalization and Review Commission, if necessary (§§ 77‑202.04, 77‑701(4), and 77‑5007(13));
- Assembling lists of delinquent real property taxes received from all counties and publish on the Division’s website (§ 77‑1804);
- Administering the Personal Property Tax Relief Act. (§§ 77‑1237 to 77‑1239); and
- Coordinating the Rent‑Restricted Housing Projects Valuation Committee, assembling and publishing capitalization rate information in an annual report, and certifying this information to county assessors. (§ 77‑1333).