Nebraska Administrative Code — Title 316 (Revenue) + Title 350 (Property)
Neb. Admin. Code § 350-12-002.03 — Arm’s-length transaction means a sale between two or more parties, each seeking to maximize th eir positions from the transaction
002.04 Assessment means listing the description of all real property, determining whether it is exemp t, determining its taxable value, and placing it on the assessment roll pursuant to Neb. Rev. Stat. § 77- 126.
Source: official text