Neb. Admin. Code § 350-17-003.05 — The PTA will develop statistical reports of residential, commercial, and agricultural real property for each county

These reports are derived from the following study periods: 003.05A Residential property includes qualified improved sales of residential and recreational real property for a 2-year period between October 1 and September 30. This 2-year period ends the year prior to the assessment year for which values are established; 003.05B Commercial property includes qualified improved sales of commercial, industrial, and multi-family real property for a 3-year period between October 1 and September 30. This 3-year period ends the year prior to the assessment year for which values are established; 003.05C Agricultural and Horticultural Land includes qualified unimproved and minimally improved sales of agricultural and horticultural land for a 3-year period between October 1 and September 30. This 3-year period ends the year prior to the assessment year for which values are established. Minimally-improved sales are sales in which the assessed value of the non-agricultural component (improvements and directly-associated land) is less than 5% of the sale price; and 003.05D Special Valuation of Agricultural and Horticultural Land in Fully-Influenced Counties includes qualified unimproved and minimally-improved sales of agricultural and horticultural land for a 3- year period between October 1 and September 30. Thi s 3-year period ends the year prior to the assessment year for which values are established. Nebraska Department of Revenue Title 350, Chapter 17, Rev. 07.05.2017 Property Assessment Division Report and Opinion Regulations 7 003.05E The Division may use a longer or shorter study period if the data does not accurately reflect the level of value for a county and the change to t he length of the study period will enhance the Divi sion’s ability to determine the level of value for a count y. The Division may adopt a longer or shorter time period based on its own information or information provide d by a county pursuant to a request to adopt a long er or shorter study period. 003.05F If the county assessor disagrees with the sales used or the study periods they have an opportunity during statewide equalization to present that information to the TERC under Neb. Rev. Stat. 77- 5029. 003.05G The information contained in the statistical reports will be developed by the Division using qualified sales and will include: 003.05G(1) The number of sales in the sample; 003.05G(2) The total assessed value of the sales; 003.05G(3) The total adjusted sales price of the sale; 003.05G(4) The minimum and maximum assessment sales ratios by class or subclass; 003.05G(5) The average adjusted sales price by class or subclass; 003.05G(6) The median, weighted mean, and median r atios; 003.05G(7) The price-related differential; 003.05G(8) The coefficient of dispersion; 003.05G(9) The standard deviation; 003.05G(10) The coefficient of variation; 003.05G(11) The 95% confidence interval for each o f the measures of central tendency; 003.05G(12) The property type; and, 003.05G(13) The date range of sales used.