Schmidt v. Thayer County Board of Equalization

Moore, Judge.

INTRODUCTION

This is an appeal from a decision of the Nebraska Tax Equalization and Review Commission (TERC) affirming a determination by the Thayer County Board of Equalization (Board) regarding the valuation of a quarter section of agricultural property. The taxpayers appeal on the ground that the valuation was above market value for the land classes and soil types contained on the property. For the following reasons, we reverse, and remand for further proceedings.

PROCEDURAL BACKGROUND

This appeal from TERC involves a quarter section of agricultural real property in Thayer…