Nebraska Statutes 77-802. Property TaxAdministrator; valuation; apportionment of tax
The Property Tax Administrator shall apportion the total taxable value including the franchise value to all taxing subdivisions in proportion to the ratio of the original cost of all operating real and tangible personal property of that public service entity having a situs in that taxing subdivision to the original cost of all operating real and tangible personal property of that public service entity having a situs in the state.
Terms Used In Nebraska Statutes 77-802
- Appraisal: A determination of property value.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Personal property: All property that is not real property.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
If the apportionment in accordance with this section does not fairly represent the proportion of the taxable value, including franchise value properly allocable to the county, the taxpayer may petition for or the Property Tax Administrator may require the inclusion of any other method to effectuate an equitable allocation of the value of the public service entity for purposes of taxation.
On or before July 25, the Property Tax Administrator shall mail a draft appraisal to each public service entity as defined in section 77-801.01. On or before August 10, the Property Tax Administrator shall, by mail, notify each public service entity of its taxable value and the distribution of that value to the taxing subdivisions in which the entity has situs. On or before August 10, the Property Tax Administrator shall also certify to the county assessors the taxable value so determined.
Source
- Laws 1921, c. 133, art. IX, § 2, p. 587;
- C.S.1922, § 5891;
- C.S.1929, § 77-802;
- R.S.1943, § 77-802;
- Laws 1983, LB 353, § 2;
- Laws 1984, LB 835, § 6;
- Laws 1985, LB 269, § 3;
- Laws 1987, LB 508, § 26;
- Laws 1995, LB 490, § 88;
- Laws 1997, LB 270, § 40;
- Laws 1998, LB 306, § 20;
- Laws 2004, LB 973, § 14;
- Laws 2012, LB727, § 31.