Section 77-1347 - Agricultural or horticultural lands; special valuation; disqualification Upon approval of an application, the county assessor shall value the land as provided in section 77-1344 until the land becomes disqualified for such valuation by:
(1) Written notification by the applicant or his or her successor in interest to the county assessor to remove such special valuation;(2) Inclusion of the land within the corporate boundaries of any sanitary and improvement district, city, or village, except that this subdivision shall not apply on or after January 1, 2023; (3) The land no longer qualifying as agricultural or horticultural land; or (4) For land that consists of less than five contiguous acres, the owner or lessee of the land not providing an Internal Revenue Service Schedule F or other suitable tax document reporting a profit or loss from farming for two out of the last three years.Neb. Rev. Stat. § 77-1347
Laws 1974, LB 359, § 5; Laws 1983, LB 26, § 4; Laws 1985, LB 271, § 19; Laws 1989, LB 361, § 12; Laws 2000, LB 968, § 53; Laws 2001, LB 170, § 11; Laws 2002, LB 994, § 18; Laws 2005, LB 263, § 12; Laws 2006, LB 808, § 31; Laws 2010, LB 806,§ 1; Laws 2019, LB 185,§ 2; Laws 2023, LB 727,§ 47. Amended by Laws 2024, LB 877,§ 2, eff. 4/3/2024.Amended by Laws 2023, LB 727,§ 47, eff. 6/7/2023, op. 6/7/2023.Amended by Laws 2019, LB 185,§ 2, eff. 1/1/2020.