Neb. Admin. Code § 350-12-004.03 — The following usability codes must be used by the county to classify sales as qualified or non - qualified in the state sales file

004.03A Usability code (1) means the sale is consi dered an arm’s-length transaction between two or more parties, both of whom sought to maximize their position from the sale. These sales are qualified for use in the assessment/sales ratio study. 004.03B Usability code (2) means the sale is an ar m’s-length transaction in which sale price adjustments are necessary to reflect the actual value paid for the real property. The reason for the adjustment must be noted in the county assessor comments section of the sales file. These sales, as adjusted, are qualified for use in the assessment/sales ratio study. Cauti on should be exercised to ensure the amount adjuste d for personal property reflects its value contribution to the sale. 004.03C Usability code (3) means an arm’s-length t ransaction of property that has substantially changed physically, legally, or economically after the sale. This change substantially affects the market value of the parcel, so the parcel as assessed no longer represents the characteristics of the parcel when s old. A description of the change to the parcel must be not ed in the county assessor comment section of the st ate sales file. Sales of substantially changed property will not be used in the assessment/sales ratio study unless an insufficient sample exists and a value can be developed to represent the parcel as it existed when sold. 004.03D Usability code (4) means the sale is not considered an arm’s-length transaction. The reason for the sale being considered a non-arm’s length tr ansaction and excluded from the assessment/sales ra tio study must be noted in the county assessor comment section of the state sales file. These sales are not qualified for use in the assessment/sales ratio study. 004.03E Usability code (5) means the sale is considered an arm’s-length transaction but will not be used in the assessment/sales ratio study because th e parcel has unique characteristics that make the p arcel invalid for comparison to similarly classified parcels. 004.03F Usability codes of blank or zero means the sale will be considered a qualified sale.