Neb. Admin. Code § 350-12-002.08 — Division means the Nebraska Department of Revenue, Property Assessment Division

002.09 Full actual consideration means the price p aid or to be paid for the real property sold, wheth er paid in money or by any other thing of value, including, but not limited to: liens or mortgages assumed, or to be assumed; satisfaction of debt; and other property transferre d or to be transferred as part of the selling price . Full actual consideration will be a reasonable approximation of the current market value of the real property. If significantly less than a reasonable approximation of current market value, the consideration will be treated as nominal. The amount of consideration and whether there is full actual consideration is to be determined as of the date stated on the deed. 002.10 Level of value means the best estimate of t he relationship of assessed value to actual value f or a group of properties based upon an analysis of all i nformation available to the Property Tax Administra tor including, but not limited to, the assessment/sales ratio and the assessment practices study for each county for the various classes of real property. Nebraska Department of Revenue Title 350, Chapter 12, Rev. 07.05.2017 Property Assessment Division Sales File Regulations 5 002.11 Non-qualified sale means a sale which has been identified through the sales verification process as a non-arm’s-length transaction, or sales where the assessed value is affected by substantial change to the property since the sale. 002.12 Professionally-accepted mass appraisal tech niques include standards recognized in the appraisa l industry contained in publications of the Internati onal Association of Assessing Officers (IAAO) and S tandard 6 of the Uniform Standards of Professional Appraisal Pra ctice (USPAP). The publications referred to are ava ilable to the public for viewing during normal business hours, an d are maintained at the Property Assessment Divisio n’s office in Lincoln, Nebraska. Additionally, practices or techniques may be developed from sources outside of IAAO or USPAP if these practices or techniques can be demonstrate d as reliable, can be tested, and are not in confli ct with existing professionally-accepted mass appraisal techniques or applicable statutory or regulatory provisions.