Neb. Admin. Code § 350-12-001.02 — Pursuant to Neb

Rev. Stat. § 77-1327(1), “ it is the intent of the Legislature that accurate a nd comprehensive information be developed by the Prope rty Tax Administrator and made accessible to the ta xing officials and property owners in order to ensure the uniformity and proportionality of the assessments of real property valuations in the state in accordance with law…” Su bsection (2) of § 77-1327 provides that all transac tions of real property for which a real estate transfer statement is required will be available for the development of a state sales file by the Property Tax Administrator. All transactions with a stated consideration of more than $100, or when more than $2.25 in documentary stamp taxes are paid, will be considered sales. All sales will be considered arm’ s-length transactions unless determined not to be, using professionally-accepted mass appraisal techniques.