Neb. Admin. Code § 350-17-002.24 — Weighted mean ratio means a ratio determined by adding the assessed value of each parcel in a data set and dividing that number by the sum of all selling prices in the same data set

The weighted mean gives weight to each dollar value for the parcels included in the data set. Neb. Rev. Stat. §§ 77-103.01, 77-128, 77-702, 77-13 27, and 77-1343 – 77-1347.01. Nebraska Department of Revenue Title 350, Chapter 17, Rev. 07.05.2017 Property Assessment Division Report and Opinion Regulations 6 REG 17-003 REPORT AND OPINION 003.01 On or before March 19, in counties with a p opulation of less than 150,000 inhabitants, the cou nty assessor must complete and certify the County Abstract of Assessment Report for Real Property (Real Property County Abstract) to the Division. For counties with a popu lation of at least 150,000 inhabitants, the county assessor must complete and certify the Real Property County Abstract on or before March 25. 003.02 The PTA must certify the Report and Opinion for real property in each county to the TERC on or before 19 days following the final filing due date for the Real Property County Abstract or on or befo re 15 days following the final filing date for the Real Property County Abstract in counties with population of at least 150,000 inhabitants. Each county assessor will be provided an electronic copy of the Report and Opinion for that county. 003.03 The narrative portion of the Report and Opin ion will be designed to ascertain, on an ongoing ba sis, whether the assessments in each county comply with Nebraska law, achieve actual value, and are applied uniformly and proportionately to real property in the county. The information contained in the narrative will be developed by the Division using information gathered by the Division that includes: 003.03A Information regarding the actions and proce dures used by county assessors to accomplish their assessment responsibilities; 003.03B Sales review procedures used in each county to determine whether, for valuation purposes, sold and unsold real property is treated in the same manner; 003.03C Market data for each county relating to the behavior of buyers and sellers of real property; and 003.03D Any other information relevant to the assessment of real property in the county. 003.04 The statistical reports of the Report and Op inion are designed to assist the Division, on an on going basis, in determining whether each county has achie ved the required level and quality of assessment fo r each class of property for that county.