Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 350 - Nebraska Department of Revenue, Property Assessment Division
Chapter 17 - Report and Opinion Regulations
Section 350-17-004 - OPINION
Current through March 20, 2024
004.01 After examining any information relevant to the level of value, including the narrative and statistical reports, the PTA will certify his or her opinion as to the level of value and quality of assessment for classes or subclasses of real property.
004.02 The PTA will analyze and consider professionally accepted measures of central tendency such as the median, weighted mean or mean, and analyze other statistical measures such as the coefficient of dispersion, price-related differential, coefficient of variation, and confidence intervals.The level of value may be determined by the PTA based on the analysis of the representative sample developed in accordance with this Chapter.
004.03 The PTA's Opinion will state whether the county's level of value and quality of assessment are acceptable or not acceptable based on a consideration of all of the information available. The PTA will take into consideration in the formulation of his or her opinion the information regarding the assessment practices in the county in addition to the results indicated from the statistical reports calculated from the sales file and the quantity, quality, and reliability of the statistics from the county's data set including the dispersion and representativeness of sales in the database.
Neb. Rev. Stat. §§ 77-702, 77-1327, 77-1343, 77-1344, 77-1377, 77-1514, and 77-5027.
