Neb. Admin. Code § 350-10-002.24 — Trade fixture means an item of machinery or equipment, used in commercial, manufacturing, or processing activities

The degree of attachment does not influenc e the classification of the machinery or equipment as real property. Trade fixtures are items of personal property which are placed upon or affixed to real property for the sole purpose of carrying on a trade or business. 002.25 Undervalued and overvalued property means any taxable property that is assessed by the county assessor, but has a taxable value lower or higher than other taxable property with which it is required to be equalized.