Ideal Basic Industries, Inc. v. Nuckolls County Board of Equalization

This is an appeal from the Nuckolls County District Court’s review of a tax valuation made by the Nuckolls County assessor (Assessor) and affirmed by the Nuckolls County Board of Equalization (Board).

Ideal Basic Industries, Inc. (Ideal), plaintiff-appellant, is a foreign corporation which operated a cement plant near Superior. For the 1985 tax year the Assessor issued a real estate tax valuation statement fixing the value of Ideal’s plant at $5,499,640.

On April 30, 1986, Ideal filed a property valuation protest with the Nuckolls County clerk. On May 30, 1986, Ideal’s protest was heard before…