Members of the Revenue Committee heard testimony Feb. 19 on a bill that would change how irrigated cropland is valuated.<\/p>\n
Currently, some county assessors compare ground water irrigated land with surface water irrigated land when using the sales comparison approach of land valuation.<\/p>\n
LB723, introduced by Imperial Sen. Mark Christensen, would create subclasses of irrigated cropland to be used when assessing agricultural land. Christensen said the current method does not take into consideration the capacity of a ground water well or government regulatory actions on surface water.<\/p>\n
\u201cWe\u2019ve seen decreases in surface water irrigated land solely due to compliance issues [on the Republican River],\u201d he said. \u201cThis would reduce taxes on the people who really don\u2019t have the value in the land that it\u2019s being taxed at.\u201d<\/p>\n
Under the bill, irrigated cropland would be classified as:
\n\u2022 ground water irrigated;
\n\u2022 surface water irrigated;
\n\u2022 ground and surface water irrigated; or
\n\u2022 limited capacity irrigated.<\/p>\n
Marilyn Hladky, representing the Nebraska Association of County Officials, opposed the bill. She said land valuations are driven by the market, not perceived values of land.<\/p>\n
\u201cI\u2019ve had property owners protest agricultural land valuations next to a river that floods three out of every four years, but sales showed the land was still selling at a high level,\u201d she said. \u201cAssessors cannot make adjustments arbitrarily. The market has to support these adjustments.\u201d<\/p>\n
No one testified in support of the bill and the committee took no immediate action on it.<\/p>\n","protected":false},"excerpt":{"rendered":"
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