Class or subclass of real property means a group of properties that share one or more characteristics typically common to all the properties in the class or subclass, but are not typically found in the properties outside the class or subclass. Class or subclass includes, but is not limited to, the classifications of agricultural land or horticultural land listed in section 77-1363, parcel use, parcel type, location, geographic characteristics, zoning, city size, parcel size, and market characteristics appropriate for the valuation of such land. A class or subclass based on market characteristics shall be based on characteristics that affect the actual value in a different manner than it affects the actual value of properties not within the market characteristic class or subclass.
Notes of Decisions
Betty L. Green Living Trust & Richard R. Green Living Trust v. Morrill Cnty. Bd. of Equal., 299 Neb. 933 (Neb. 2018).
· cites it 2× “Section 77-1363 provides as follows: Agricultural land and horticultural land shall be divided into classes and subclasses of real property under section 77-103.01, including, but not limited to, irrigated cropland, dryland cropland, grassland, wasteland, nurseries, feedlots,…”
Cain v. Custer Cty. Bd. of Equal., 298 Neb. 834 (Neb. 2018).
· cites it 4× “After our decision in Bartlett, the Legislature enacted Neb. Rev. Stat. § 77-103.01 (Reissue 2009),30 which set forth that a class or subclass based on market characteristics shall be based on characteristics that affect the actual value in a dif- ferent manner than it affects…”
Vanderheiden v. Cedar Cnty. Bd. of Equalization, 746 N.W.2d 717 (Neb. Ct. App. 2008).
· cites it 5× “The TERC stated that county assessors in Nebraska have been guided by Neb.Rev.Stat. § 77-103.01 (Reissue 2003) as to which characteristics are to be considered in the creation and use of market areas; those characteristics include parcel use, parcel type, location, geographic…”
Lancaster Cty. Bd. of Equal. v. Moser, 312 Neb. 757 (Neb. 2022).
· cites it 4× “And according to Neb. Rev. Stat. § 77-103.01 (Reissue 2018): Class or subclass of real property means a group of properties that share one or more characteristics typically common to all the properties in the class or subclass, but are not typically found in the properties…”
Lancaster Cty. Bd. of Equal. v. Moser, 312 Neb. 757 (Neb. 2022).
· cites it 4× “And according to Neb. Rev. Stat. § 77-103.01 (Reissue 2018): Class or subclass of real property means a group of properties that share one or more characteristics typically common to all the properties in the class or subclass, but are not typically found in the properties…”
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