42-16051. Petition for assessor review of
improper valuation or classification
A. An owner of property which in the owner's opinion has been valued too high or
otherwise improperly valued or listed on the roll may file a petition with the assessor
on a written form prescribed by the department.
B. The petition shall state the owner's opinion of the full cash value of the
property and substantial information that justifies that opinion of value for the
assessor to consider for purposes of basing a change in classification or correction of
the valuation. For purposes of this subsection, the owner provides substantial
information to justify the opinion of value by stating the method or methods of valuation
on which the opinion is based and:
1. Under the income approach, including the information required in section
42-16052.
2. Under the market approach, including the full cash value of at least one
comparable property in the same geographic area or the sale of the subject property.
3. Under the cost approach, including the cost to build or rebuild the property
plus the land value.
C. The petition may include more than one parcel of property if they are part of
the same economic unit according to department guidelines or if they are owned by the
same owner, have the same use, are appealed on the same basis and are located in the same
geographic area, as determined pursuant to department guidelines, and are on a form
prescribed by the department.
D. The petition shall be filed within sixty days after the date the assessor
mailed, delivered by common carrier or transmitted electronically, the notice of
valuation under section 42-15101. United States postal service postmark dates are
evidence of the date petitions were filed for purposes of this subsection.
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