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Assessor outlines three-year property review plan; commissioners press on state guidance
Summary
Charity Farley, lead appraiser, described the assessor's three-year review cycle: 2027 commercial properties in North Platte, 2028 Northside and Southside with joint value-setting, then village and lake properties; commissioners asked about following Department of Revenue directives and the rationale for sequencing.
Charity Farley, lead appraiser in the Lincoln County Assessor's Office, presented the office's three-year assessment plan. She said the office will focus on North Platte commercial properties in 2027, work the Northside and Southside of North Platte in 2028 (setting values for both together to align with a single depreciation schedule), and then review village and lake properties in subsequent years.
Farley told commissioners the office must follow state statute and Department of Revenue guidance on percentage adjustments and depreciation schedules. "We only have one depreciation schedule in our system that we use," she said, explaining why the office is sequencing reviews to ensure the strongest-market data sets the schedule. Commissioners pressed for context about prior state adjustments, and staff said historical instances of state-mandated valuation changes have been limited and typically affect commercial properties.
