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Polk County assessor explains leasehold-interest placement after resident questions
Summary
A resident told the Polk County Board that taxing land and leasehold interest amounted to double taxation; Assessor Krance said the Nebraska Department of Revenue requested moving the leasehold interest value from land to outbuildings on the assessor website.
At the July 14 session a property owner, Lee Kohrs, told the board he believed taxing both land and the leasehold interest on the same property amounted to double taxation and said the website placement of leasehold interest was misleading. Assessor Krance replied that the leasehold interest value had been moved from land to outbuildings on the assessor’s website at the request of the Nebraska Department of Revenue.
Kohrs argued that the leasehold interest should instead be added to structure value; the minutes record the exchange but do not show a change in practice. Gerald and Monica Osmera also raised concerns about leasehold interest valuation during public comment. The board recorded the protests and scheduled action on filed protests for July 21.
