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In Nebraska, land and buildings are valued at their fair market value for purposes of property taxation. Residential and commercial real estate is valued at 92- 100 percent of actual value (i.e. farm market value) and agricultural real estate is valued at 74-80 percent of actual value. NRS 77-5023(3). Fair market value for property tax valuation purposes may be determined by (1) comparative sales, (2) income, or (3) cost. NRS 77-112. In Livingston v Jefferson County Board of Equalization, 10 Neb App 934 (2002), the Nebraska Court of Appeals ruled that the county board of equalization erred in not considering a rural residence’s proximity to a swine farrowing facility in determining the residence’s valuation.