Upper Republican Natural Resources District v. Dundy County Board of Equalization

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At issue was the tax exempt status of land purchased by the Upper Republican Natural Resources District (NRD) as part of a ground water integrated management plan. The NRD retired irrigated acres and converted them to grassland to achieve soil conservation and range management objectives and then leased much of the grassland for grazing. The parties here disputed, among other things, the extent to which the lease was at fair market value for a public purpose under Neb. Rev. Stat. 77-202(1)(a) and the scope of the questions properly before the Tax Equalization and Review Commission (TERC). The Supreme Court affirmed the determination of TERC that certain unimproved parcels of property, portions of two improved parcels, and contiguous parcels were used for a public purpose and therefore exempt and vacated those parts of the TERC’s opinion addressing issues other than whether the property was used for a public purpose. View "Upper Republican Natural Resources District v. Dundy County Board of Equalization" on Justia Law