A state formula for valuation of two income-based rental projects in North Platte will be challenged through the Nebraska Tax Equalization and Review Commission.
The Lincoln County Commissioners signed a petition on Monday that would change the appraisal technique for the two projects: Parkland Estates and Luke Estates in North Platte.
At its Jan. 15 regular meeting, the commissioners heard a presentation from Charity Farley, lead appraiser for the Lincoln County Assessor’s Office. She said the property valuations of $362,400 for Luke Estates and $328,420 for Parkland are substantially below market value.
Farley said there was nothing to add to what was previously discussed at the Jan. 14 and Jan. 22 commissioners’ meetings.
“I think it was pretty clear, at least to me, that the modified version at least brought us somewhere between a third and halfway between actual (assessment) and where we were,” Chairman Joe Hewgley said. “It certainly seems reasonable to me, who knows what TERC will think is reasonable.”
Hewgley said the commissioners are doing this for one reason and that’s because “it helps the taxpayers of Lincoln County, that’s the bottom line.”
The petition will be submitted to TERC by Deputy County Attorney Joe Wright.
» Emergency Management Director Brandon Myers presented his quarterly report to the board.
“The second quarter reimbursment has been submitted to the state and we are waiting approval for reimbursement,” Myers said. “The requested reimbursement amount will be $16,211.13.”
Myers said $1,076.90 of the reimbursement will be sent to Hitchcock County for salary and $1,053.35 to Dundy County for salary.
“In all three counties, there were some severe winter storms that were monitored,” Myers said. “One of those storms in Lincoln County caused closures on (Interstate) 80.”
There was also a semi/train accident and a power outage in North Platte, caused by a large bird that affected 3,000 to 4,000 customers, Myers said.
The commissioners set the date for discussion of the one- and six-year road plan for 10 a.m. Feb. 19.
The next regular meeting of the board is at 9 a.m. Monday.