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Board of Equalization approves confession of judgment in protest case 24R-0350 with revised valuation
Summary
The Lincoln County Board of Equalization authorized a confession of judgment ending a tax protest (case 24R-0350 before the Nebraska Tax Equalization and Review Commission) after the assessor's office and the taxpayer agreed to a revised valuation.
During its meeting on May 12 the Lincoln County Board of Equalization voted to accept a confession of judgment in case number 24R-0350 before the Nebraska Tax Equalization and Review Commission, closing a property tax protest after the county assessor and the taxpayer negotiated a revised valuation.
Julie Stinger, Lincoln County assessor, explained that the assessor's office and the taxpayer had negotiated a valuation supported by evidence, and that "exhibit A" prepared by the assessor supports the valuation change. Appraiser Ashley Gertullo said she worked the review and that additional depreciation was applied to a large room in the house to better match its functional condition.
The motion offered by a commissioner and seconded by another recorded the land value at $104,203 and the building value at $550,627, for a total valuation of $654,008.57. Commissioners raised questions about the appraisal spread and noted the referee's appraisal was within roughly $4,000 of the agreed amount. The board approved the confession of judgment on roll call: Weems ' Aye; Huigley ' Aye; Bruns ' Aye; Woodruff ' Aye; Bullard ' Aye.
Ending: The assessor said she will file the confession with the Tax Equalization and Review Commission and close the case.
