Neb. Admin. Code § 350-11-009.02 — Upon disqualification by the assessor or after protest to the county board of equalization, the assessor shall determine the total additional taxes due

This determination of the additional taxes shall be calculated as the difference from the recapture valuation assessment, minus the special valuation assessment, times the levies accrued during the applicable past years for which the property received the special valuation assessment. The total of these tax liabilities shall constitute the additional taxes and first liens on the disqualified land. 009.02A The assessor shall on certain dates issue tax list corrections to the county treasurer for the applicable years showing the amounts of additional taxes due and payable, and the periods during which the taxes accrued. 009.02A(1) Any date that the applicant wishes to pay the additional taxes and accrued interest during the thirty day appeal period of the notice of disqualification. 009.02A(2) The date following the expiration of the thirty day appeal period of the notice of disqualification if no protest was filed. 009.02A(3) The date the county board of equalization decides the disqualification protest and the decision is in agreement with the assessor’s determination. 009.02B The assessor shall on the dates set out in Regs-11-009.02A(1) through 11-009.02A(3), mail or provide written notification to the applicant that all or a portion of the land receiving the special valuation assessment, has become disqualified and sta te the amount of additional taxes and interest due for the past number of applicable years for which the property received the special valuation assessment. Nebraska Department of Revenue Title 350, Chapter 11, Rev. 3/15/09 Property Assessment Division Agricultural or Horticultural Land Special Valuation Regulations 14 009.02B(1) The notice shall also state that the additional taxes for the past number of applicable years for which the property received the special valuation assessment have become a first lien on the property, will accrue interest at the annual rate of six percent (6%) for sixty (60) days after the date of the notice of disqualification pursuant to Reg-11-007 and after the expiration of the sixty (60) days the additional taxes and interest combined shall be considered delinquent and subject to interest at the annual rate of fourteen percent (14%). For the current tax year, all taxes levied against the land shall become due and payable on December 31, in the same manner as all other real property taxes. 009.02C The county treasurer shall compute interest at the annual rate of six percent on the additional taxes from December 31 of the year such tax would have become payable had the special valuation assessment not been granted. Interest shall continue to accrue at the annual rate of six percent for sixty days after the date of disqualification pursuant to Reg-11-007. Upon the expiration of the sixty-day period the additional taxes and interest shall be considered delinquent. The combined delinquent taxes and interest shall become subject to interest at the annual rate of fourteen percent. 009.03 The total amount of additional taxes and interest collected by the county treasurer shall be distributed by tax year to the political subdivisions levying the tax in the same manner as other property taxes. If a subdivision no longer exists that was a part of a prior levy, that subdivision's tax shall be distributed to the subdivision or subdivisions with which it merged or consolidated.