77-1347. Agricultural or horticultural lands; special valuation; disqualification.
137 words·~1 min read·
/ne/chapter-77/77-1347A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon approval of an application, the county assessor shall value the land as provided in section 77-1344 until the land becomes disqualified for such valuation by:
(1)Written notification by the applicant or his or her successor in interest to the county assessor to remove such special valuation;
(2)Inclusion of the land within the corporate boundaries of any sanitary and improvement district, city, or village, except that this subdivision shall not apply on or after January 1, 2023;
(3)The land no longer qualifying as agricultural or horticultural land; or
(4)For land that consists of less than five contiguous acres, the owner or lessee of the land not providing an Internal Revenue Service Schedule F or other suitable tax document reporting a profit or loss from farming for two out of the last three years.