Neb. Admin. Code § 350-15-003.08 — Lease d properties of a public housing authority to low income individuals as a place of residence are for the authority’s public purpose and shall be exempt from property tax

003.09 Aviation facilities owned by the state, an airport authority or other govern mental subdivision, shall be deemed to be used for a public purpose and shall be exempt from property taxes and in lieu of taxes. 003.09A Aviation facilities leased by the state airport authority or governmental subdivision to a private party or entity a re also deemed to be exempt from property taxes and in lieu of taxes provided they are leased at fair market value and are used or being developed for a public purpose. 003.10 When the assessor or county board of equalization determines whether a lease to a private party for a public purpose, is at fair market value, factors other than the dollar amount of the lease payments must be taken into consideration. As long as the value of all benefits received by the state or governmental subdivision from the lessee is reasonable compensation for allowing the lessee use of the property, the lease shall be considered to be at fair market value. Such benefits may include services provided by the lessee in connection with the lessee’s use of the property.