350 Neb. Admin. Code, ch. 80, § 002
Centrally assessed property means property valued by the Division. For purposes of school adjusted value, centrally assessed property includes owned or leased operating property of railroad companies and public service entities.
Clerical error means transposition of numbers, mathematical error, computer malfunction causing programming and printing errors, data entry error, items of real property other than land identified on the wrong parcel, incorrect ownership, or certification of an incorrect valuation to political subdivisions, pursuant to Neb. Rev. Stat. § 77-128.
Direct equalization means the process of converting the level of value for a class or subclass of real property into an adjustment factor, and changing the assessed values of real property in the class or subclass to more closely reflect the level of assessment required in Nebraska statutes.
Division means the Property Assessment Division of the Nebraska Department of Revenue.
Indirect equalization means the process of estimating the total taxable valuation in a jurisdiction.
Local system means a learning community, unified system, a Class VI school district and the associate Class I school districts, or a Class II, III, IV, or V school district and any affiliated Class I school districts or portions of Class I school districts.
Learning community means a political subdivision which shares the territory of member school districts and is governed by a learning community coordinating council. The fiscal year for a learning community is the same as for member school districts. For purposes of state aid calculations, the learning community designation takes effect in the second full school fiscal year after becoming a learning community and each school fiscal year thereafter, pursuant to Neb. Rev, Stat. § 79-1003(27).
Redevelopment project value means the assessed value of the taxable real property in a redevelopment project for the year prior to the effective date of the provision dividing the ad valorem tax pursuant to Neb. Rev. Stat. § 18-2147.
School district means any Class I, II, III, IV, V, or VI school district and a unified system as defined in Neb. Rev. Stat. § 79-4,108.
Value strata means a grouping of properties with similar assessed values, such as all properties assessed from $0 to $25,000, $25,000 to $50,000, and $50,000 to $100,000.
350 Neb. Admin. Code, ch. 80, § 002