Neb. Admin. Code § 350-10-002.20 — Special valuation assessment means 75% of the special valuation

002.21 Status means improved, unimproved, or improvements on leased land. Nebraska Department of Revenue Title 350, Chapter 10 Property Assessment Division Real Property Regulations 7 002.21A Improved land means land upon which buildings or structures are located. 002.21B Improvements on leased land (IOLL) means any item of real property which is located on land owned by a person other than the owner of the item. 002.21C Unimproved land means land without buildings or structures.